New York Governor Kathy Hochul has announced the start of construction of a $416 million mixed-income, mixed-use residential development in the Inwood neighborhood of Upper Manhattan. It will include nearly 700 apartments, including 281 affordable units, and provide a range of carbon-reducing features, including all-electric heating and cooling, in line with the state’s climate goals.
Designed by Beyer Blinder Belle Architects, the development is part of Hochul’s $25 billion Housing Plan that will create or preserve 100,000 affordable homes across New York, including 10,000 with supportive services for vulnerable populations, in addition to the electrification of 50,000 others.
The two buildings that comprise the development are located at 405 and 407 West 206th Street. They will feature a mix of studio, one-, two-, and three-bedroom apartments, with forty percent of them reserved for those earning at or below 80 percent of the Area Median Income (AMI). An additional ten percent of apartments will have rents restricted up to 30 percent of 120 percent of AMI and be subject to New York City rent stabilization guidelines.
The project is aiming to attain a LEED BD+C Silver certification. Along with energy-efficiency features, the development will offer free broadband internet to residents.
Amenities include landscaped courtyards, multiple roof decks, a fitness center, co-working spaces, lounge spaces, and music rehearsal rooms. The complex will also house a supermarket, retail space, parking, and an immigrant-centered performing arts center.
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