MIH | 6sqft

City Council approves NYC's first-ever pro soccer stadium in Queens

Fifth Avenue's tallest residential tower launches sales, from $1.7M

Double turreted condo in a Central Park West castle is a quirky NYC dream home for $10.5M

April 3, 2018

La Central, 992-unit affordable Bronx development, ramps up construction

By Michelle Cohen

As 6sqft previously reported, after getting the green light for La Central, a new development that would bring nearly 1,000 units of affordable housing to the site of the Bronx Zoo-bordering Lambert Houses, construction on phase 1 of the project is well underway. Welcome2TheBronx reports that a 160-unit building D at Bergen Avenue and 152nd Street, a supportive housing building for formerly homeless individuals, is almost topped out and is scheduled to be finished by the summer of 2019. Two more buildings in the 992 unit, 1.1-million-square-foot Hudson Companies, Inc, development have broken ground.
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September 15, 2016

City Council approves La Central development, bringing nearly 1,000 affordable units to the Bronx

By Michelle Cohen

On Wednesday the New York City Council voted to approve the La Central development project in the Melrose section of the Bronx, the Daily News reports. The project, which will be designed by FXFOWLE architects, is slated to bring 992 apartments to the borough, all of them designated as affordable housing under Mayor de Blasio’s mandatory inclusionary housing (MIH) legislation. It is the biggest project to be approved to date under the MIH rules, which require some income restricted apartments in projects that need the city's approval.
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August 16, 2016

City Says Yes to Bronx Complex, No to Flatiron Site for Affordable Housing Plan

By Michelle Cohen

The New York City Planning Commission has voted to approve a boutique condominium project on Manhattan's west side without the mayor's new Mandatory Inclusionary Housing plan in place, the New York Times reports; a much larger development in the Bronx also got the green light, and will be among the first to be included in the new affordable housing program. 6sqft reported previously on the controversy over whether a 17-story condominium slated to replace a parking lot and two low rise buildings at 6th Avenue at West 18th should be among the first recipients of the mayor’s new mandatory inclusionary housing (M.I.H.) program. Both the city and the project's developers, Acuity Capital Partners, made the argument that the proposed project is “more of a rejiggering of the zoning than an enlargement,” and therefore does not fall under the M.I.H. rules.
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August 9, 2016

Sixth Avenue Adorama Site May Be the First Battle Over Mayor’s New Housing Program

By Michelle Cohen

The New York Times reports on what is looking like the first of many fights involving the mayor’s new mandatory inclusionary housing (M.I.H.) program which went into effect earlier this year. While the project, a 17-story condominium slated to replace a Manhattan parking lot and two low-rise buildings–one of which houses the venerable Adorama camera store–may not be especially noteworthy, as one of the first developments that may use the new zoning/housing rules, the outcome has the potential to affect thousands of lower-income units in the future. So it's worth following the outcome, even though, as City Planning Commissioner Carl Weisbrod puts it, "like any legislative action, it will take time for every scenario to play out.”
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City Council approves NYC's first-ever pro soccer stadium in Queens

Fifth Avenue's tallest residential tower launches sales, from $1.7M

Double turreted condo in a Central Park West castle is a quirky NYC dream home for $10.5M

La Central, 992-unit affordable Bronx development, ramps up construction

City Council approves La Central development, bringing nearly 1,000 affordable units to the Bronx

City Says Yes to Bronx Complex, No to Flatiron Site for Affordable Housing Plan

Sixth Avenue Adorama Site May Be the First Battle Over Mayor’s New Housing Program

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