Rose, Phipps’ Via Verde opens in the Bronx

Green, affordable housing complex is first of its kind

TRD New York /
Jun.June 18, 2012 12:30 PM

Via Verde, a green affordable housing complex in the Melrose Section of the South Bronx, officially opened its doors today — and Mayor Michael Bloomberg and U.S. Department of Housing and Urban Development Secretary Shaun Donovan were there to celebrate.

The 222-unit rental and co-op building — developed by Phipps Houses and Jonathan Rose Companies and designed by Dattner Architects and Grimshaw Architects — was the winning proposal of the city’s first juried design competition for affordable and sustainable housing, according to a press release issued today by the Mayor’s office.

The development of the gold-LEED certified Via Verde was born out of the mayor’s New Housing Marketplace Plan, a multi-billion dollar initiative geared to finance a total of 165,000 units of affordable housing by the end of fiscal year 2014.

The Via Verde site, located at 700 Brook Avenue and East 165th Street, includes 151 units of low-income rental housing, and 71 moderate- and middle-income co-op homes.

According to the release, the low-income rental units are now fully leased and 56 of the co-op units have been sold. As The Real Deal previously reported, the rents range from $800 to $1,200.

The co-op units range from 800-square-foot one-bedrooms to 1,500-square-foot three-bedrooms, and cost between$135,000 and $193,000. Purchasers’ household income restrictions vary from $61,450 to $134,400, according to the Mayor’s office release.

The affordable housing co-ops were sold through a lottery, which took place in November; a lottery for the rental units was held the following month. — Zachary Kussin


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
1065-1075 Gerard Avenue in the Bronx 

Prana pays Related $36M in Bronx multifamily play

Prana pays Related $36M in Bronx multifamily play
San Francisco Mayor London Breed (Getty)

San Francisco mayor blasts “lefty movement” for blocking housing

San Francisco mayor blasts “lefty movement” for blocking housing
41 Haight Street in Flushing and 1290 Viele Avenue in Bronx (Google Maps; iStock)

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales

Deal for pizza-pan manufacturer rounds out last week’s mid-market sales
Bronx-Manhattan North Association of Realtors' Eliezer Rodriguez and Hudson Gateway Association of Realtors' Richard Haggerty (Photos via Facebook)

New York’s biggest MLS gets bigger after merger

New York’s biggest MLS gets bigger after merger
AIG CEO Brian Duperreault and Brooklyn Navy Yard project, with Andrew Joblon and 980 East 149th Street (Turnbridge, Brooklyn Navy Yard)

These were the top outer-borough loans in September

These were the top outer-borough loans in September
Silverback's Josh Schuster and 580 Gerard Avenue (Google Maps) 

Silverback plans 200-unit South Bronx Opportunity Zone project

Silverback plans 200-unit South Bronx Opportunity Zone project
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...