News

09.14.2021

Renderings for Gotham Point Unveiled

Real Estate Weekly, 6sqftNew York YIMBY published first-look renderings of the new Gotham Point towers that will be part of the Hunter’s Point South affordable housing development. Designed by Handel Architects, the two-tower Gotham Point will include apartments with East River views, rooftop terrace and urban rooftop farm, sundecks, indoor-outdoor fitness center, and co-working spaces. Arts nonprofit Flux Factory will occupy 3,000 square feet of retail space and house the organization’s artists-in-residency program to support emerging artists. Every aspect of the design and function is intended to support the developers’ vision of an inclusive community that can be home to mixed-income and multigenerational residents.

09.07.2021

Construction Progress at 55 Suffolk Street

As reported in Bowery Boogie, construction progress is visible at 55 Suffolk Street, the site of the first phase of a new affordable housing complex. When completed, the 30-story building will be part of a development by the Gotham Organization and the Chinese-American Planning Council that will bring 493 apartments, 209 of which will be earmarked for affordable housing, to the neighborhood. The development will also include commercial, retail, and community facilities, including a commercial condo for Beth Hamedrash Hagodol, whose landmark home sited at 55 Suffolk Street was destroyed by an arsonist in 2017.

08.26.2021

Bronx Point, Universal Hip Hop Museum Construction Progress

Construction on Bronx Point and the Universal Hip Hop Museum is progressing, as documented by Construction Equipment Guide. The article features construction photos and interviews with city officials and developer L+M Development Partners:

“Bronx Point represents a transformative mixed-use waterfront development of approximately 530,000 square feet that will bring 542 units of permanently affordable housing, interactive and educational community facilities, dynamic retail spaces and engaging new open space adjoining the Harlem River waterfront in the South Bronx,” said Bernadette Amarosa, L&M Development Partners construction project manager. “UHHM will be an anchor that will attract global supporters of hip hop history and culture.”

08.24.2021

Far Rockaway Village, Archer Green Make “Top 5 Affordable Housing Projects” List

The Far Rockaway Village and Archer Green affordable housing developments each earned a spot on Multi-Housing News’ “Top 5 Affordable Housing Projects Under Construction in NYC” list. The list is based on the size of affordable housing developments under construction throughout New York City, based on data from Yardi Matrix. Far Rockaway Village is on track completion in Q1 2022 and Archer Green is expected to be completed by the end of this year.

08.18.2021

Construction Starts on Atrium at Sumner Affordable Housing Development

Construction has started on Atrium at Sumner, an affordable housing development sited on the Sumner Houses campus in the Bedford-Stuyvesant neighborhood of Brooklyn. Occupying a formerly vacant lot, the completed Atrium at Sumner will provide 190 apartments, 57 of which will be reserved for homeless senior citizens. The remaining units will be rented to individuals and households earning at or below 50% of the area median income (AMI). In addition to the indoor garden housed in the namesake central atrium, the building will also include a social services suite, exercise room, community garden, and 7,500 square feet of community space. You can read more about the Atrium at Sumner in YIMBY.

08.08.2021

The New York Times Profiles the Baychester Houses Affordable Housing Development

In the New York Times article “A Rebirth in the Bronx: Is This How to Save Public Housing?” author Michael Kimmelman compares two affordable housing developments in the Bronx – Edelman Houses and Baychester Houses – to highlight the differences that thoughtful community redevelopment can make. “Side by side, the two projects make a textbook before-and-after comparison, one derelict [Edelman], the other refurbished [Baychester],” writes Kimmelman.

Redeveloped by L+M Development Partners with Camber Property Group, MBD Community Housing Corporation, and property owner NYCHA, Baychester Houses features new common areas, apartment upgrades like new fixtures and appliances, a farmers market, and increased security – all without changing the affordability of the apartments.

07.30.2021

Ribbon-Cutting Ceremony Held for Northeastern Towers Annex

As reported by Adventist Today and Adventist News, a ribbon-cutting ceremony was held today for Northeastern Towers Annex, an upcoming affordable housing development in southeast Queens that will be constructed adjacent to the existing Northeastern Towers senior citizen affordable housing development. When completed, Northeastern Towers Annex will provide 158 units of affordable housing for residents at or below 50% of Area Median Income (AMI), a community room, exercise and wellness center, social service office suite, and rooftop terrace and garden.

07.21.2021

Permits Filed for 888 Fountain Avenue Development

As reported in Urbanize New York, permits have been filed for a 15-story residential building at 888 Fountain Avenue in the East New York neighborhood of Brooklyn. Developed by L+M Development Partners and designed by Dattner Architects, 888 Fountain Avenue will create over 400 residential units and 8,000 square feet of commercial space.