Housing


New Supportive, Affordable Housing to Be Built in The Bronx

Construction financing closed Jan. 13 for a $164 million housing project that will create 323 units of affordable and supportive housing in Bedford Park in The Bronx, N.Y. The two 11-story buildings, dubbed CHV 202nd and 203rd Street, will be located at 261 E....


Jersey City, N.J.'s Journal Square Project Gets OK, Build Set for June

A massive Journal Square development project cleared its final hurdle Jan. 5 and construction is now expected to begin in June. The Kushner Companies' 1 Journal Square project, which includes two 52-story residential towers over a 12-story base of retail, commercial and parking, got the okay from the Jersey City Planning Board in a unanimous vote....


Downtown Athens, Ga., to Get More Student Housing, Retail Space

A high-end student apartment complex in downtown Athens, Ga., will expand. The Mark will add 115 units with 436 beds, the company announced in November. The apartments were developed and are managed by Athens-based Landmark Properties....


Ground Broken on $68M Luxury Rental Project in Bridgeport, Conn.

Sculptor Real Estate has provided $68 million in construction debt to a joint venture between Norwalk, Conn.-based Spinnaker Real Estate Partners and residential developer Eastpointe to fund the development of Canfield Park at Fairfield Metro, a luxury multifamily property in Bridgeport....


Jersey City Public Housing Site to Be Razed, Reimagined

Jersey City, N.J.'s Holland Gardens public housing site is to be reshaped into a mixed-use, mixed-income development that will accommodate a new public library branch and businesses. On Nov. 4, the Jersey City Housing Authority's (JCHA) board of commissioners endorsed adding a home ownership component, a public library branch and commercial rental space to a new high-rise mixed-income development for the area....


New $20M Complex at Site of Norfolk's Old American Cigar Co.

Construction has begun on a new $20 million apartment complex at the site of the former American Cigar Co. in Norfolk, Va., according to S.L. Nusbaum Realty Co. The 118-unit Ashton Apartment Homes complex will be located at 1140 and 1148 E....


New $126M Affordable Homes Project Ongoing in South Bronx, N.Y.

The start of construction on 1159 River Avenue, a $126 million development that will bring 245 homes to the South Bronx, was announced Oct. 30 by New York Gov. Andrew Cuomo. The 19-story building will offer 148 apartments specifically for individuals and families who have previously been homeless, including those in need of supportive services....


Affordable Housing Units Planned for Hoboken's Willow Avenue

A city-owned property in Hoboken, N.J., currently home to a parking lot, could be replaced with a new development that would dedicate 100 percent of its units to seniors with low and moderate incomes. Earlier this year, Hoboken put out a Request for Proposals (RFP) to gauge interest in developing a parcel at the corner of Willow Avenue and 11th Street....


Broward County, Fla., to Get New $30M Affordable Housing Complex

A new affordable housing community is in the pipeline for Broward County, Fla. The Coral Gables-based development firms Coral Rock Development Group and the Paragon Group of Florida are building a $30 million affordable housing townhome complex, Highland Oaks, in Pompano Beach, according to a press release....


Jersey City's SoHo West Building Boom Continues with New Projects

Three towers rising at least 25 stories and the restoration of an old metal can company building could bring nearly 1,100 new residential units to Jersey City's Soho West, the once industrial neighborhood near the Holland Tunnel being transformed by a recent building boom....