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

163 apartments will be permanently affordable

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

Jonathan Rose and a drawing for Sendero Verde in East Harlem (Credit: STUDIO SCRIVO and Handel Architects via Politico)

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 Article


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

Rent reform is propelling a new wave of New York and California investors to Miami (Credit: iStock)

Rent reform in New York, California propels new wave of multifamily investors to Miami

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

This East End icon might finally be closing in on a sale