Projects in the Pipeline
The Perennial
Queens (Forest Hills)
Located in Forest Hills, Queens, this project will convert a blighted former hospital building into state-of-the-art intergenerational affordable housing. This creatively financed project is part of a large-scale MIH development project.
ANTICIPATED CLOSING DATE:
2nd Quarter 2025
PARTNERS:
Selfhelp Realty Group
TOTAL DEVELOPMENT COST:
$140 MM
GROSS SQUARE FOOTAGE:
Approx 153,000 gsf
UNIT COUNT/MIX:
145 intergenerational housing units plus 34,000 sf of Community Facility
FINANCING PROGRAM:
HPD SARA
ARCHITECT:
Newman Design
GENERAL CONTRACTOR:
Suffolk Construction Company
Renderings: Newman Design
Silver Beach
Queens (Far Rockaway)
Located on Beach 19th Street in Far Rockaway, Queens, this project will convert a defunct auto shop into a supportive senior housing project leveraging funds under NYS Brownfield Cleanup Program.
ANTICIPATED CLOSING DATE:
4th Quarter 2025
PARTNERS:
HANAC, Inc.
Pointsfive
TOTAL DEVELOPMENT COST:
$102 MM
GROSS SQUARE FOOTAGE:
Approx 108,000 gsf
UNIT COUNT/MIX:
178 Supportive Senior Units
FINANCING PROGRAM:
HPD SARA
ARCHITECT:
Newman Design
GENERAL CONTRACTOR:
Suffolk Construction Company
Renderings: Newman Design
Sol on Park
The Bronx (Morrisania)
Located on NYCHA’s Morris II Houses campus in the Morrisania section of the Bronx, this project will achieve LEED Platinum and will contain over 10,000 sf pedestrian plaza and 12,000 sf of community facility space.
ANTICIPATED CLOSING DATE:
CY 2026
PARTNERS:
NRP Group
Selfhelp Realty Group
TOTAL DEVELOPMENT COST:
$216 MM
GROSS SQUARE FOOTAGE:
Approx 196,000 gsf
UNIT COUNT/MIX:
229 Supportive Senior Units
FINANCING PROGRAM:
HPD SARA
ARCHITECT:
Magnusson Architecture and Planning PC (MAP)
GENERAL CONTRACTOR:
Touchstone Builders
Renderings: Magnusson Architecture and Planning, PC
Casabe Houses Year 15 Repositioning
Manhattan (East Harlem)
Foxy is advising Casabe Houses in a Year 15 takeout of its LIHTC investor and repositioning of its asset in order to perform moderate rehab work and generate additional cash for the non-profit.
IN CONSTRUCTION
ARCHITECT:
Danois Architects PC
UNIT COUNT/MIX:
125 Senior Housing Units
