BFC Partners

November 8, 2023

Coney Island rental a block from the beach opens lottery for 299 units, from $410/month

Applications are being accepted for 299 mixed-income units at a new 100 percent affordable development one block from the beach in Coney Island. The 10-story mixed-use building at 1607 Surf Avenue is the second phase of a development project from BFC Partners that includes 1,000 new affordable homes. New Yorkers earning 30, 50, 70, and 120 percent of the area median income, or between $17,006 for a single person and $210,120 for a household of seven, can apply for the apartments, priced from $410/month studios to $2,656/month three bedrooms.
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August 16, 2022

Leasing launches at Bedford Union Armory rental in Crown Heights, studios from $2,875/month

Leasing launched this week at a new mixed-income rental building that is part of the redeveloped Bedford Union Armory complex in Crown Heights. Located at 1101 President Street, The Arch rises 16 stories, contains 355 rental units, and offers residents amenities like a furnished rooftop, indoor-outdoor gym, and a work-from-home business center. The more than 160 market-rate apartments start at $2,875/month for a studio, $3,212/month for a one-bedroom, $4,514/month for a two-bedroom, and $5,675/month for a three-bedroom, according to the building's website.
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January 24, 2022

100% affordable mixed-use project with 376 rentals breaks ground in Coney Island

BFC Partners announced on Monday the groundbreaking for the second phase of their 100 percent affordable housing project in Coney Island. Located at 1607 Surf Avenue, the roughly 361,000-square-foot mixed-use development contains 376 affordable rental units, 9,000 square feet of community space, and 11,000 square feet of commercial space. The $189 million project also includes a new primary care location run by New York City Health and Hospital Corporation.
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June 24, 2021

Affordable housing lottery opens at Bedford Union Armory in Crown Heights, from $367/month

The city on Thursday launched an affordable housing lottery for 55 rentals at the Bedford Union Armory redevelopment in Crown Heights. Recently renamed the Major R. Owens Health & Wellness Community Center, the former home of the U.S. Army's Cavalry Troop C is being transformed into a mixed-use building with recreational and community space, as well as mixed-income apartments and office space. New Yorkers earning 30, 40, 50, and 60 percent of the area median income can apply for the units available in this first phase, ranging from $367/month studios to $1,472/month three-bedrooms.
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December 18, 2019

The city’s first LGBT-friendly affordable senior housing opens in Fort Greene

New York City’s first affordable LGBT-friendly senior housing complex has opened in Fort Greene. Originally called the Ingersoll Senior Residences, the project—which is the first to be completed under the city’s controversial plan to lease NYCHA land to private developers—was dubbed Stonewall House in honor of the 1969 riots that launched the modern LGBT movement. The building comprises 145 apartments that will be available to seniors 62 years and older who make 50 percent or less of the area median income, with 25 percent of the units set aside for formerly homeless tenants.
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December 11, 2019

Bedford Union Armory redevelopment project in Crown Heights breaks ground

The New York City Economic Development Corporation (NYCEDC) along with Council Member Laurie Cumbo, BFC Partners and community members today celebrated the groundbreaking of the redevelopment project finally underway at the historic Bedford Union Armory in Crown Heights. The new community hub will offer affordable space for local non-profits, recreational space for youth and hundreds of units of affordable housing as shown in new renderings. The road to this latest milestone has been a long and storied one since community leaders first envisioned the massive armory as a multi-use gathering space for the Crown Heights community.
New renderings of the redeveloped armory, this way
May 20, 2019

In Fort Greene, nation’s largest LGBT senior development will open affordable housing lottery

At 112 Edwards Street in Fort Greene, a completely new type of affordable housing is set to launch a lottery for 108 low-income units. The Ingersoll Senior Residences was built as part of the city's controversial plan to lease NYCHA land to private developers in order to build and maintain more affordable housing. Thanks to a partnership between BFC Partners and SAGE, Advocacy & Services for LGBT Elders, the building is the nation's largest LGBT-friendly elder housing project and the first in New York City. When the lottery opens on May 29th, individuals or couples who have at least one member age 62 or older can apply for studios and one-bedrooms for which they'll pay 30 percent of their income, which can range from $0 to $42,700.
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April 12, 2019

South Bronx development with new music hall opens affordable housing lottery, units from $328/month

A lottery has officially opened for 288 newly-constructed units at the Bronx Commons development at 443 East 162 Street in the Melrose neighborhood in the South Bronx. In addition to the affordable apartments, the mixed-use development offers retail, a landscaped public plaza–and the 14,000 square foot, 250-seat Bronx Music Hall, a concert hall with rehearsal spaces and an outdoor performance and recreational space among other amenities.
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August 2, 2018

New renderings released for Crown Heights Bedford Union Armory redevelopment, permits still pending

Last November, 6sqft reported that the proposed Bedford-Union Armory Crown Heights redevelopment project had begun a land use application evaluation process before the City Council, submitted by BFC Partners and the nonprofit NYC Economic Development Corporation, who intend to jointly develop the massive armory that was once housing for the National Guard. Though permits filed four months ago for a fifteen-story building are still pending approval, New York Yimby reports that new renderings have been revealed for the residential portion of the project. As planned, Marvel Architects is responsible for the design.
New renderings, this way
November 15, 2017

Luxury condos may be off the table at Crown Heights armory after City Council hearing

Amid growing opposition, the proposed Crown Heights Bedford-Union Armory redevelopment project began its evaluation by the City Council at a hearing Tuesday on land use applications filed by the Economic Development Corporation (EDC), amNewYork reports. The massive armory, once housing for the National Guard, became city property in 2013. The EDC plans to sell the property to developer BFC Partners for the creation of 56 condos, of which 20 percent would be income restricted. The remaining market rate condos would help pay for the rest of the project, which would be leased by BFC Partners and would include 330 rentals (165 affordable), office space and a recreation center. Critics say the city is setting a dangerous precedent by leasing public land for private use, especially when market-rate condos are included. The de Blasio administration has championed the recreation center and housing, but the plan has has come under fire by neighborhood advocacy groups and has had an uphill battle in achieving the City Council approval it needs.
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May 1, 2017

Target to open at Essex Crossing in the Lower East Side

New York City is experiencing a Target-takeover. The retailer has just signed a lease to open a 22,500 square-foot store in the Lower East Side at Essex Crossing, a 1.9 million-square-foot development stretching across several Manhattan blocks. As the Wall Street Journal reports, the new store will be located on the second floor of 145 Clinton Street, a 15-floor tower currently under construction. A Trader Joe’s supermarket will be on the lower level and apartments will be housed above.
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March 20, 2017

Senior musicians may lose affordable housing at Bronx Commons

The $160 million Bronx Commons mixed-use development, located in the borough's Melrose neighborhood, broke ground in January. When complete, it will combine affordable housing, retail, landscaped public space, and a 300-seat music and arts venue known as Bronx Music Hall. As 6sqft previously reported, the Hall was envisioned as a way to celebrate and revitalize "the deeply rooted history of cutting edge Bronx music," which nonprofit developers WHEDco and BFC Partners also hoped to address by setting aside 15 percent of the 305 below-market rate apartments for older musicians. But as the Times explains, despite the South Bronx's past as a hub for jazz and doo-wop music venues and sidemen, the city says this may be in violation of fair housing laws that prohibit preferences based on age or race.
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January 13, 2017

Bronx Commons will bring 305 affordable apartments and a new music venue to the South Bronx

Not only did the Times recently name the South Bronx one of this year's hottest travel destinations, but the up-and-coming 'hood has become a hotbed for new development. Many of these include affordable housing, which is the case at Bronx Commons, a mixed-use development in the Melrose Commons neighborhood that broke ground this morning. The $160 million project includes 305 all-affordable apartments, retail, and a landscaped public plaza, all of which will be anchored by the Bronx Music Hall, a new 300-seat venue that will serve as an "arts-centered community hub focused on the deeply rooted history of cutting edge Bronx music," according to a press release from developers WHEDco and BFC Partners.
Find out more about the project
March 8, 2016

Beyer Blinder Belle Publishes Renderings of Essex Crossing’s Site 5

The nine-site Essex Crossing plan underway on the Lower East Side will bring more than 1.9 million square feet of residential, commercial, and community space to the largest undeveloped swath of land in the borough south of 96th Street. The long-tweeked master plan is being developed by an alliance named Delancey Street Associates, which consists of BFC Partners, L+M Development Partners, and Taconic Investment Partners. The plan's site 5, located just a block southwest of the Manhattan entrance of the Williamsburg Bridge at 145 Clinton Street, will bring 211 apartments, 73,000 square feet of retail space, and a 15,000-square-foot park to the full-block parcel between Grand, Clinton, Broome and Suffolk streets. Beyer Blinder Belle Architects & Planners are the designers of the red-brick tower and recently published a set of renderings, first shown to the community in 2015, giving us a more detailed look at the $110 million, 15-story building.
More details and renderings ahead
December 21, 2015

The Food Hall Obsession Makes Its Way to Staten Island

Following a slew of recent headlines–Anthony's Bourdain's food and retail market headed for the SuperPier, the mega-market coming to Essex Crossing that will be one of the largest in the world, and Jean-Georges Vongerichten's seafood-themed food hall planned for the South Street Seaport–6sqft recently posed the question: Is the city's food hall obsession about to burst? Though the votes were divided, the trend has shown no signs of slowing down, especially considering that it's now making its way over to the often-forgotten borough of Staten Island, with perhaps the most gimmicky name we've heard yet. Curbed reports that the team behind Gansevoort Market has partnered with Empire Outlets developers BFC Partners to open a locally curated food market by late 2017. Dubbed MRKTPL, the hall will span 15,000 square feet of indoor and outdoor space that will "tie together the history of the New York Harbor with modern communal spaces to eat and gather," as per the press release.
More details this way