Blue Sea Development was selected as the lead developer of a 101-unit building on the grounds of the NYCHA-owned Forest Houses; Dunn Development Corp. was selected as the lead developer of 220 units on the grounds of Highbridge Gardens; the TNS Development/CPC Resources/Lemle & Wolff team was revealed as the lead developer of 236 units of new housing on the grounds of Soundview Houses; the Arista team was selected as the lead developer of a 290-unit renovation of six NYCHA-owned buildings in the University Heights area; and Bronx Pro was selected as the lead developer of a 173-unit renovation of four more NYCHA-owned buildings in the University Heights area.
In selecting the development teams for the South Bronx sites, "preference was given to developers who proposed a range of affordability with competitive acquisition prices and the least amount of City subsidies, while maintaining the highest standards in sustainable design and quality of construction," according to a prepared release. "As the City's population grows and the need for affordable housing increases, one thing that remains fixed is the supply of available land," says HPD commissioner Shaun Donovan, in the release. "This is why it is so important that we make full use of underutilized properties owned by city and state agencies. These new sites will provide affordable units for hard working low- and moderate-income-families."
Chairman Hernandez adds that "NYCHA's collaboration with HPD is generating creative solutions for expanding affordable housing in the City. At the same time, the Bronx sites will provide $29 million in critically needed revenue to help the Housing Authority preserve the homes of current and future generations of public housing residents." All of the rental units throughout the four sites will be affordable to families of four earning $69,100 or less or to single households earning $48,300 or less. The townhouses and co-ops will be affordable to families of four earning $99,800 or less or to single households earning $69,800 or less.
The affordable housing units will help bring the City closer to the realization of Mayor Michael Bloomberg $7.5 billion New Housing Marketplace Plan to provide affordable housing for 500,000 New Yorkers. Over the past five years, the City has funded more than 82,500 of the 165,000 affordable units to be built and preserved through the plan.
The development at Forest Houses will consist of one six-story building containing 100 affordable units available to households making 80% or less of HUD Income Limits--$61,450 for a family of four or $43,000 for an individual. The building will also contain a superintendent's unit and will include landscaped open space as well as 38 underground parking spaces; and will include energy saving design features. The current site, which contains walkways, benches, and barbecue grills, will be relocated to another part of the Forest Houses complex at the developer's expense.
The development at Highbridge Gardens will consist of one or two buildings, yielding 219 units affordable to households making 90% or less of HUD Income Limits--$69,100 for a family of four or $48,400 for an individual--plus one super's unit. In addition, the development will provide 66 surface parking spaces and a community room and other tenant facilities. The development site overlooks the Harlem River.
The development at Soundview Houses will consist of two eight-story rental buildings--one for families--121 units--and one for seniors--79 units--and 18 two-family townhouses for homeownership. The senior units will be affordable to households making 60% or less of HUD Income Limits--$36,900 for a couple or $32,300 for an individual--while the other rental units will be affordable for households making 80% or less of HUD Income Limits. Twelve of the townhouses will be affordable to households making 130% or less of HUD Income Limits--$99,800 for a family of four or $69,800 for an individual--and the other six townhouses will be affordable to households making 80% or less of HUD Income Limits. At the developer's expense, the existing parking lot and barbecue area will be relocated.
University Ave. Consolidated consists of 10 scattered multi-family buildings all located within the University Heights neighborhood. The development will be completed in two simultaneous phases by two developers. Phase I entails the renovation of six buildings. Five of the buildings will provide a total of 221 units of rental housing affordable to households making 80% or less of HUD Income Limits, while the sixth building will provide 69 co-op units affordable to households making 90% or less of HUD Income Limits. Phase II entails the renovation of the final four buildings and will provide 173 rental units affordable to households making 80% or less of HUD Income Limits.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
