Permits have been filed for a ten-story mixed-use building at 409 East 158th Street in Melrose, The Bronx. Located between Third Avenue and Elton Avenue, the lot is near the 3rd Avenue-149th Street subway station, serviced by the 2 and 5 trains. Guido Subotovsky of Azimuth Development Group is listed as the owner behind the applications, who is also responsible for recent permits filed for an eight-story mixed-use building at the adjacent 450 East 158th Street.
Permits have been filed for an eight-story mixed-use building for supportive housing at 450 East 158th Street in Melrose, The Bronx. Located between 3rd Avenue and Elton Avenue, the lot is near the 3rd Avenue-149th Street subway station, serviced by the 2 and 5 trains. Guido Subotovsky of Azimuth Development Group is listed as the owner behind the applications.
Governor Kathy Hochul today announced that construction has begun on a $22 million LGBTQ-affirming supportive housing development for formerly homeless young adults. Known as Homeward Central Harlem, the development will include 50 apartments with on-site supportive services provided by Homeward NYC.
Homeward NYC, an organization serving homeless populations, has inked a deal to build LGBTQ-inclusive affordable housing units for young adults in Central Harlem.
The 51-unit affordable housing development, dubbed “Homeward – Central Harlem,” will serve homeless individuals from the ages of 18 to 25 years old at 15 West 118th Street in Harlem, according to Multi-Housing News. The housing development will also provide young residents with a range of services, including mental health and counseling support, job placement, and courses that will help build life skills in budgeting, building credit, and cooking.
The affordable housing lottery has launched for 1755 Watson Avenue, a nine-story mixed-use building in Soundview, The Bronx. Designed by Aufgang Architects and developed by Azimuth Development Group, the structure yields 312,880 square feet for 326 residences, amenities, parking, ground-floor retail, and space for the Bronx Pentecostal Deliverance center. Available on NYC Housing Connect are 283 units for residents at 30 to 100 percent of the area median income (AMI), ranging in eligible income from $15,052 to $148,000.
The new development will bring an affordable ownership building and a larger rental building, both financed under HPD programs. On March 13, 2019, the City Planning Commission approved an application for a rezoning in the Unionport neighborhood of the Bronx. The rezoning will facilitate a 100 percent affordable development comprised of two new buildings, containing approximately 330 units, at 2069 Bruckner Boulevard. The application was presented to City Planning by Frank St. Jacques of Akerman, LLP and Guido Subotovsky of Azimuth Development Group LLC at a public hearing held on February 27, 2019.
Azimuth Development Group has landed about $107 million in financing from the city for a multifamily development in the Bronx, in what appears to be the third-largest loan the borough has seen so far this year.
The developer is using the money from the New York City Housing Development Corporation to build a 326-unit apartment complex at the site of the Bronx Pentecostal Deliverance Center in Soundview, according to Commercial Observer. The church rezoned its lot at 1755 Watson Avenue last year to make way for the building, which will stand nine stories tall and span 313,000 square feet.
Azimuth Development Group delivers 21 units in Manhattan.
A 21-unit affordable housing development financed entirely with inclusionary housing proceeds recently celebrated its opening in the Lenox Hill section of Manhattan.
The building on East 60th Street was developed with inclusionary housing proceeds that totaled nearly $25.3 million, according to city officials. The development, which is home to families earning no more than 80% of the area median income, is the beneficiary of three nearby market-rate compensated developments.