City taps Jonathan Rose Companies for large East Harlem mixed-use project

163 apartments will be permanently affordable

New York /
Feb.February 06, 2017 03:45 PM

The city has selected Jonathan Rose Companies to build a 751,000-square-foot mixed-use development in East Harlem.

The project, dubbed “Sendero Verde,” will feature 655 rent-regulated apartments, a YMCA, a supermarket, a healthcare center, a charter school and a community center, Politico reported. The development will be located along East 111th and 112th streets, on city-owned lots bounded by Madison and Park avenues.

The announcement comes as the city is gearing up to rezone parts of the neighborhood under the mayor’s mandatory inclusionary housing program. The rezoning plan paves the way for buildings of up to 30 stories along part of East 125th Street and Park Avenue between 115th and 124th streets.

Included in the project will be 163 permanently affordable apartments and 79 units for senior citizens. Jonathan Rose TRData LogoTINY will be working with L+M Development Partners on the project, which will follow passive house standards.

“Our goal is to create a complete community … not only housing but services for all the residents,” Rose told Politico. “We hope this block will be a real model of transformation, not only for the new residents who live there but for the whole neighborhood.” [Politico] — Kathryn Brenzel 


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
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)

UK tax break expiration could hurt struggling retailers

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)

Turkish mall valued at $1B in deal with Qatar

Turkish mall valued at $1B in deal with Qatar
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
arrow_forward_ios

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

Loading...