This NYC Parking Lot Could Become A Series of Luxury Apartments
In June of 2017, the NextGeneration New York City Housing Authority (NYCHA) requested proposals to bring apartments spread out over four public housing sites up to a total of 850. One of the sites was Hell’s Kitchen’s Harborview Terrace complex located between Tenth and Eleventh Avenues between West 54 and 56 Streets. The city was looking to bring a fully affordable project of 200 to 250 units to a parking spot that was underutilized at that complex.
At Harborview Terrace, a 44-space parking lot is to be replaced with the new building and is to have a community facility on the ground floor. The parking spaces will be replaced. Each of the projects were to include only the affordable housing and either a ground-floor community facility or retail space.
The plan now has changed for the NextGen Neighborhoods at Brooklyn’s Wyckoff Gardens and the Upper East Side’s Holmes Towers as the two housing projects are to have 70 percent mixed-use development including market-rate housing, which has caused controversy because they may not all be affordable.
It is NYCHA’s hope to develop underutilized space at two to four sites each year over a 10-year strategic plan, which was to result in 10,000 more affordable apartments in that redevelopment. Manhattan Borough President Gale Brewer was surprised to hear about the market-rate component, and she and other elected officials present at a meeting were vehemently opposed to any market-rate component. The plans are still in the discussion stage, and we will all have to wait and see how the decades-old project will move forward.
In July of 2018, NYCHA revealed that it needs $32 billion over the next five years for repairs and renovations on its buildings, which is a larger financial requirement than what was previously reported. A small amount of that funding has been secured by the city’s commitment for $2 billion toward repair work. Governor Andrew Cuomo has also committed money to the repairs but only when a monitor is federally appointed who will oversee the funds disbursement.
Heading the list of requirements for funding of apartment interiors includes about $12.6 billion over a period of five years to upgrade bathrooms, kitchens, floors, and other parts of the apartments. Repair work on the heating systems will require $1.3 billion, and repairs on the elevators will require $1.5 billion.