The Real Deal New York

Developer named for Kips Bay micro units

January 22, 2013 01:00PM

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Rendering of the new micro-unit development in Kips Bay

Mayor Michael Bloomberg this morning announced the winners of the contest to build the city’s new “micro-apartments.” The city believes that these 300-square-foot apartments will help alleviate local housing shortages, a statement from the mayor’s office today said. A development team composed of Monadnock Development, Actors Fund Housing Development Corporation and nARCHITECTS was selected from a field of 33 bidders to build the 80 units set to rise on East 27th Street in the Kips Bay area.

Renderings released to the Mayor’s office’s Flickr account show airy yet efficient studios and one-bedrooms with nine- to 10-foot ceilings, loft storage space and balconies.

A release from Corcoran Sunshine Marketing Group said the firm was also retained as a marketing consultant on the project.

The project is aimed at young and single New Yorkers, for whom housing needs far exceed supply.

“New York’s ability to adapt with changing times is what made us the world’s greatest city – and it’s going to be what keeps us strong in the 21st century,” said Mayor Bloomberg this morning at a press conference at the Museum of the City of New York, according to the statement. “The growth rate for one- and two-person households greatly exceeds that of households with three or more people, and addressing that housing challenge requires us to think creatively and beyond our current regulations.” –Guelda Voien

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