The city has selected Jonathan Rose Companies to build a 751,000-square-foot mixed-use development in East Harlem.
The project, dubbed “Sandero 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 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] — Ka