Rendering of 120 3rd Avenue via Aufgang Architects
The city announced on Thursday their selection of two developers, Arker Companies and Two Trees Management, to build two 16-story apartment towers on parking lots at Wyckoff Gardens, a New York City Housing Authority property in Brooklyn. However, according to the Daily News, the owners of both companies have raised a total of $124,600 for Mayor Bill de Blasio, bringing into question the influence of donations on the city’s choice of the two developers.
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In the Soundview neighborhood of the Bronx, the Arker Companies has commenced the affordable housing lottery process for their latest ground-up building, Colgate Close. Located at 1092 Colgate Street, where the semi-industrial area along the Bronx River evolves into a low-scale residential community, the five-story complex will contain 32 studio and one-bedrooms targeted for low-income households earning between $25,200 and $30,250 for a single person and $27,052 and $41,460 for two people. Depending on income, studios will be priced at $696 or $847 per month and one-bedrooms at $749 and $910 per month.
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