Developer’s Digest?: This Week's Top Development News
Adams Promises $500M For Infrastructure To Get East Bronx Rezoning Across Finish Line
August 7, 2024
As the East Bronx rezoning approaches completion, Mayor Eric Adams has committed $500 million to infrastructure improvements in the area. This investment is intended to support the expected growth from the rezoning and ensure that necessary infrastructure is in place to accommodate new developments. The funding will go towards transportation, utilities, and other essential services, aiming to facilitate the area’s transformation into a more developed and accessible part of the city.
Source: Bisnow
Lutheran Church Campus in Harlem Could Become 30-Apartment Complex
August 7, 2024
Transfiguration Lutheran Church in Harlem is being considered for conversion into residential apartments as the congregation dwindles. Developers are exploring options to repurpose the historic building, balancing preservation with the creation of new housing in Harlem. This potential redevelopment is part of a broader trend of converting underutilized religious buildings in New York City into residential properties, addressing both housing demand and the preservation of historic architecture.
Source: Crain's New York Business
Adams Announces More Funding to Help NYC Homeowners Build Accessory Dwelling Units
August 7, 2024
Mayor Eric Adams has announced additional funding to assist New York City homeowners in constructing Accessory Dwelling Units (ADUs) on their properties. This initiative is part of the city's efforts to expand affordable housing by enabling the creation of secondary units in existing residential areas. By supporting the development of ADUs, the city aims to alleviate the housing crisis and provide more living spaces in an increasingly crowded market.
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Source: 6sqft
CookFox to Convert Former New York City Prison Into Affordable Housing
August 6, 2024
COOKFOX Architects have unveiled plans to transform the former Bayview Correctional Facility into Liberty Landing, a 124-unit affordable housing complex in Manhattan. The project, which will provide housing for low-income and formerly incarcerated individuals, aims to preserve the historic Art Deco structure while adding community spaces. This development marks a significant step in repurposing vacant properties for affordable housing, contributing to broader efforts to address New York City's housing crisis.
Source: Dezeen
Permits Filed For A 40-Story Tower At 42-19 24th Street In Long Island City, Queens
August 6, 2024
Plans have been filed for a 40-story residential tower at 42-19 24th Street in Long Island City, Queens. The proposed development will feature 454 units and various amenities, reflecting the area’s growing appeal due to its proximity to Manhattan and rising demand for housing. This project is part of a larger trend of high-rise developments in Long Island City, which is rapidly evolving into one of the city's key residential and commercial hubs.
Source: New York YIMBY