The Real Deal New York

Posts Tagged ‘affordable housing’

  • Trump Village 3 in Coney Island

    Trump Village 3 in Coney Island

    Owners of some of the city’s subsidized apartments will find it easier to make their way out of one of the city’s most widely-used affordable housing programs, due to the implications of a new court ruling.

    The state Court of Appeals said yesterday that owners at a Coney Island apartment complex don’t have to foot a $21 million tax bill that the city levied on them in 2007, when they took their buildings out of the Mitchell-Lama program. [more]

    2 Comments
  • affordable

    From left: Sugar Hill Apartments in Harlem, Mayor Bill de Blasio and Vicki Been

    Mayor Bill de Blasio said today his administration is aiming to finance a total of 16,000 units of affordable housing by the end of the year. [more]

    2 Comments
  • urban-market

    From left: Rendering of 525 West 52nd Street in Hell’s Kitchen (credit: Handel Architects), Urban Market at 11 Broadway in Brooklyn and Rob Morea

    Upscale grocery store Urban Market is close to inking a lease to anchor a pair of Hell’s Kitchen rental buildings at a development project led by Taconic Investment Partners, The Real Deal has learned. [more]

    1 Comment
  • A rendering of the new Sugar Hill development

    A rendering of the new Sugar Hill development at West 155th Street and St. Nicholas Boulevard, Harlem

    The odds do not seem to be in the favor of those seeking affordable apartments in New York City. [more]

    2 Comments
  • From left: Vicki Been, Flushing, Queens and Bill de Blasio

    From left: Vicki Been, Flushing, Queens and Bill de Blasio

    Mayor Bill de Blasio is looking to rezone west Flushing. [more]

    4 Comments
  • City to shoulder more public benefit costs

    November 13, 2014 06:31PM
    Spinola-Weisbrod

    From left: Steven Spinola and Carl Weisbrod

    The city will shoulder a higher share of costs associated with creating public benefits such as schools and parks, in order to encourage more developers to address the affordable housing crisis, chairman of the City Planning Commission Carl Weisbrod said on a panel today. [more]

    4 Comments
  • Rendering of Astoria Cove (credit: Studio V Architecture) and Costa Constantinides

    Councilman Costa Constantinide and rendering of Astoria Cove (credit: Studio V Architecture)

    Alma Realty, the lead developer of the massive mixed-use Astoria Cove redevelopment, agreed to up the share of affordable units in the complex from 20 percent to 25 percent. [more]

    1 Comment
  • From left: Melissa Mark-Viverito, Steve Valiotis and a rendering of Astoria Cove (credit: Studio V Architecture)

    From left: Melissa Mark-Viverito, Steve Valiotis and a rendering of Astoria Cove (credit: Studio V Architecture)

    The developers behind the planned 2.2 million-square-foot Astoria Cove complex in Queens struck a tentative agreement with the city council to use union labor on the massive project. [more]

    5 Comments
  • From left: Costa Constantinides, rendering of Astoria Cove (Credit: Studio V Architecture) and Bill de Blasio

    From left: Costa Constantinides, rendering of Astoria Cove (Credit: Studio V Architecture) and Bill de Blasio

    The 2.2 million-square-foot Astoria Cove development is at risk of being voted down by the City Council’s land use committee on Wednesday as the administration, the council and the developer have been unable to come to a consensus. [more]

    Comments
  • Developer lands a TKO for cancer awareness

    November 07, 2014 07:04PM
    Steven Wissak (Credit: Haymakers for Hope)

    Steven Wissak (Credit: Steven Hazlett/Haymakers for Hope)

    If you’re an affordable housing developer plying your trade in New York City, you’ve got to be able to roll with the punches. And, in some cases, deliver them. [more]

    Comments
  • w-53

    530-548 West 53rd Street in Hell’s Kitchen

    Nonprofit housing group the Clinton Housing Development Company filed a permit today for 13-story, 125,000-square-foot affordable housing project in Hell’s Kitchen.

    The 135-foot-tall property at 530-548 West 53rd Street, near 11th Avenue, is slated to hold 103 apartments below market rate, New York YIMBY reported. There will be 107,000 square feet of housing, 16,000 square feet of commercial space and a 1,250-square-foot community facility space.  [more]

    Comments
  • From left: Council Speaker Melissa Mark-Viverito, rendering of Astoria Cove and Alma Realty's Steve Valiotis

    From left: Council Speaker Melissa Mark-Viverito, rendering of Astoria Cove (Credit: Studio V Architecture) and Alma Realty’s Steve Valiotis

    City planners miscalculated the affordable housing requirement at the proposed Astoria Cove development on the Queens waterfront, officials admitted. [more]

    2 Comments
  • Hunter's Point South

    Hunter’s Point South

    The affordable housing lottery for Hunter’s Point South has drawn roughly 25,000 applications during its first week.

    Hunter’s Point South, a two-tower development in Long Island City will house some 925 low- and moderate-income families. The results of the lottery, which was launched on October 15, reveal that the development doesn’t come close to accommodating the demand for affordable housing in the area. [more]

    Comments
  • From left: luxury towers One57 and 432 Park Avenue and HPD Commissioner Vicki Been

    From left: renderings of luxury towers One57 and 432 Park Avenue and HPD Commissioner Vicki Been

    The rapid growth of luxury development and rising land prices in New York City might be a double-edged sword for the administration’s affordable housing plan. [more]

    Comments
  • From left: Jonathan Rose, New York City skyline and London skyline

    From left: Jonathan Rose, New York City skyline and London skyline

    When it comes to affordable housing, New York City shares many challenges with cities like London, Hong Kong and San Francisco. [more]

    3 Comments
  • St. Ann & the Holy Trinity in Brooklyn Heights

    St. Ann & the Holy Trinity

    Brooklyn congregations desperate for a financial boost are now tapping into the local real estate market as a sort of saving grace. [more]

    Comments
  • Hunter's Point South (Rendering: Related Companies)

    Hunter’s Point South (Rendering: Related Companies)

    Winners won’t take home a multi-million dollar jackpot, but those who snag an affordable unit at Hunter’s Point South may feel like they’ve done just that.

    Prospective renters can now submit applications to NYC Housing Connect for one of 925 affordable units at the Related-developed project on Long Island City’s waterfront. Close to 50,000 people will vie for a spot at one of the site’s two towers, where below-market-rate units start as low as $494 per month for single residents making between $18,618 and $23,520 annually. [more]

    3 Comments
  • vicki

    137 Attorney Street on Lower East Side and HPD’s Vicki Been

    William Gottlieb Real Estate’s plans to build a five-story, 16-unit building at Stanton and Attorney streets suffered a setback Tuesday when a local community board committee approved a resolution supporting a garden currently at the site instead. [more]

    4 Comments
  • 90 Beekman Place

    90 Beekman Place in the Financial District

    A plan to turn a 1,067-unit affordable housing complex in the Financial District private is now being investigated by the Division of Housing and Community Renewal.

    Two-thirds of residents at Southbridge Towers, located at 90 Beekman Place, voted to turn their subsidized co-ops into market rate apartments. The result means unit owners who paid as little as $10,000 for their units decades ago could potentially sell them for as much as $1 million. [more]

    Comments
  • A rendering of the Tremont Renaissance

    A rendering of the Tremont Renaissance

    A 75-block stretch in the center of the Bronx is about to see a tidal wave of affordable housing. [more]

    Comments
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