Local Bronx developers Stagg Group filed plans for their second large-scale affordable housing development in the Norwood/Bedford Park neighborhood back in late 2015, and the project is finally complete as its 117 units have just come online via the city’s housing lottery. The 11-story building known as Norwood Garden sits at the intersection of Webster Avenue and the dead-end East 203rd Street and was designed by Marin Architects with a large, rear second-story terrace, as well as several rooftop terraces. The units are available to households earning 60, 90, 100, and 130 percent of the area median income and range from $865/month studios to $2,302/month three-bedrooms.
Part of its overall marketing plan to reinvent itself, Coach has leased space at 685 Fifth Avenue for a new flagship location to be called “Coach House.” As outlined in new DOB filings and renderings, the luxury retailer will occupy a three-story corner portion at the base of the building, amounting to 23,400 square feet. As part of the property’s transformation, floor area from the lower levels will be removed and redistributed to the top of the 20-story building, providing five new floors of office space and raising the building’s height from 227 feet to 292 feet.