PROJECTS

East 172nd Street

PROJECT STATS

Completed June 2019
New Construction, Affordable, Supportive
Community Access
Mega Contracting
126 apartments, social services, urban farm
Community Access
$53.2 million
Peter L. Woll

Partner

Community Access is one of New York City’s most respected and experienced nonprofit developers of supportive housing. At present, Community Access owns and manages over 1,100 units for low-income families and individuals with chronic psychiatric disabilities in buildings in Manhattan, Brooklyn and the Bronx. The organization currently has more than 450 additional units in development. In addition to offering on-site case management and related services in its own buildings, Community Access provides social services and property management for other nonprofit housing development organizations.

Scope of Work

East 172nd Street, a 14-story, new construction apartment building, will provide 126 supportive and affordable housing units adjacent to the Grand Concourse in the Mount Eden neighborhood of the Bronx.  The building will consist of 68 studio and 58 2-bedroom apartments and provide safe, affordable housing for low-income families and individuals with histories of psychiatric disabilities. East 172nd Street will also provide additional tenant amenities including: community rooms; a commercial kitchen, gym, laundry room and library/computer room; a state-of-the-art urban farm that will include raised farming beds and a hoop-house; and an outdoor playground and exercise circuit.

Alembic provided a range of consulting services throughout the development of 1434 Undercliff, including assistance with financial feasibility and structuring; negotiations with prospective lenders and investors; construction requisition review and processing; conversion from construction to permanent financing; and related construction management and development expertise.

Impact

East 172nd Street will provide safe, quality, service-enhanced housing for low-income families and for New Yorkers with supportive housing needs and/or histories of homelessness. The building, designed by Peter L. Woll Architects, will offer a range of active design features and other elements that will augment the physical and emotional health.

Photo: Sean Sime Photography

OTHER PROJECTS

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