Grand Street Guild Plans Two 15-Story Towers with 100% Affordable Housing

Posted on: January 29th, 2018 at 5:00 am by

Everyone is getting in on the Lower East Side construction game. It’s a veritable tower boom…

Next up is the Grand Street Guild nonprofit.

In a late-day press release Friday evening, management of the three-tower complex officially announced the imminent construction of two, as-of-right 15-story apartments on its property. According to the advisory, Handel Architects is the builder, and all 400 of the proposed units are earmarked as affordable (150 of which are for seniors).

The Grand Street Guild team recently embarked on discussions of details with the surrounding community. They’ve reached out for broad input, including holding meetings with elected and government officials, the Grand Street Guild Residents Association and current residents, and Community Board 3, among others.

Blockbuster news, for sure, but not completely unexpected. The owners of the Section 8 housing development – first built in 1973 – had reportedly considered erecting two towers on the property over the last several years.

The three 26-story buildings reside on land surrounding St. Mary’s Church, between Clinton and Pitt Streets. The Section 8 project was sponsored by the Archdiocese of New York, which still controls the complex through a nonprofit board.

Below is the full press release from the Grand Street Guild:

Grand Street Guild, a nonprofit organization dedicated to providing and managing quality affordable housing, today announced that it is planning to build two new as-of-right 15-story buildings with over 400 apartments of 100 percent affordable housing at its site on Manhattan’s Lower East Side, bounded by Grand, Broome, Clinton & Pitt Streets.

Grand Street Guild has owned and managed the 600 apartments comprising the complex’s three 26-story buildings since 1973. Working closely on this new project with New York City Housing Preservation and Development and the New York City Housing Development Corporation, as well as the U.S. Department of Housing and Urban Development, Grand Street Guild is proposing that one of the two new buildings be designed specifically for the needs of seniors and the other towards families and individuals.

The Grand Street Guild team has begun discussing the details of the new project by reaching out for broad input, including holding meetings with elected and government officials, the Grand Street Guild Residents Association and current residents, Community Board 3, and many others.

“Our mission is to provide quality housing that offers stability and allows this diverse community to grow and thrive,” said Tony Savarese, Grand Street Guild Owners’ Representative. “For over four decades we have thoughtfully managed this 3.75-acre complex on the Lower East Side. Given our city’s urgent need for affordable housing, we felt that now was the right time to explore how we could do more. We engaged a leading architectural firm, Handel Architects, to design a creative plan to utilize existing space in our complex to fulfill the specific needs of current and future residents. Grand Street Guild’s goal is to offer new housing and amenities for those who need it, with a special emphasis on the growing population of senior citizens, and Grand Street Guild looks forward to engaging with our neighbors and the broader community.”

“Day in and day out New Yorkers struggle to meet a basic human need and right – a decent place to live,” said Monsignor Kevin Sullivan, Executive Director of Catholic Charities of the Archdiocese of New York. “Catholic Charities of the Archdiocese of New York is proud that Grand Street Guild has been meeting this need for quality affordable housing for almost fifty years, and within the past five years has substantially rehabbed and upgraded the existing 600 apartments and their systems. This year will bring the installation of new windows and door frames in the three buildings, as well as security cameras in all stairwells. Now Grand Street Guild’s plan to add 400 new affordable apartments for individuals, families and seniors will continue, and add to this legacy for the betterment of the Lower East Side community.”

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