Sugar Hill housing development set to open 2014

New York /
Jul.July 28, 2013 02:00 PM
 

A New Affordable Housing Building Developed By Broadway Housing Communities will open in Sugar Hill early next year, Crain’s reported.

Groundbreaking for the 13-story, 124-unit building on St. Nicholas Avenue and West 155th Street took place earlier this month. Construction is expected to be completed late this year.

Once open, about 20 percent of the units in the building will be reserved for the formerly homeless. The remainder will go to low-income tenants.

In addition to the housing units, the $89 million property will also have an early childhood education center, a children’s museum of art and storytelling, retail space and underground parking.

The project, which is being financed via a blend of city, state and federal funding, as well as through private investment, has apparently seen a considerable amount of support from the community.

“It’s helpful to be in a community that your work is well known in when looking for a large real estate opportunity,” said BHC founder and executive director Ellen Baxter.

According to BHC’s website, the firm is not yet accepting applications for apartments at Sugar Hill, but is encouraging prospective tenants to keep checking the site for more information. [Crain’s] – James Comtois


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
Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)

Soap star Joan Collins lists longtime Midtown pied-à-terre

Soap star Joan Collins lists longtime Midtown pied-à-terre
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
arrow_forward_ios

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

Loading...