East 124th Street
New York, New York

124th Street

Jonathan Rose Companies (JRCo), developer of East 124th Street, is creating a gateway community to Manhattan at the foot of the Triborough Bridge. The project balances a mix of affordability between market rate, middle income, and low income in its 185 units.  Consistent with JRCo’s practice on all their projects, the building systems will be designed and construction materials will be chosen in accordance with environmentally conscious development standards. The project is expected to receive a LEED rating of Silver and is designed to meet the Enterprise Green Communities Criteria.  The development will support the health of its residents and is cognizant of the natural environment thereby promoting overall community improvement.

The site is a composite of privately held and city owned lots. The building is a 12-story block and plank structure with underground parking. The project is part of the 125th Street River to River Rezoning; a multi-city agency rezoning effort to infuse the area with cultural, retail, entertainment, and residential uses. JRCo is working closely with the Borough President’s Office, the local council member, Community Board 11, and the Department of City Planning to appropriately integrate the project into the River to River Rezoning.




- - - -

Home | Who We Are | Projects | News | Resources

© 2001 - 2008 Jonathan Rose Companies LLC

Email us | Contact Information




Firm Role
Developer
Co-Owner with Lettire 124th Street, LLC

Project Type
• Residential
• Mixed-Income Rental
Multi-unit with ground floor maisonette units and commercial retail space

Construction Type
Block and Plank

Development Team
Architect:
MHG Architects, P.C. and Pei Cobb Freed & Partners

Landscape Architect:
Abel Bainnson Butz

Engineers:
Ettinger Engineering Associates and Robert Sillman Associates., PC

LEED/NYSERDA:
EME Consulting Engineers

Environmental:
GZA GeoEnvironmental, Inc. and AKRF, Inc.

Contractor:
Lettire Construction Corporation

Development Profile
185 Residential Units
120 Parking Units
• Amenities: Accessible green roofs, children’s room, in unit laundry, green finishes, underground parking, doorman, concierge, bike storage
• Compliant with Enterprise Green Communities Criteria and LEED

Development Budget
$67.5 million

Funding Sources
• NYC HDC Mixed-Income Housing  Program (50/30/20) / Tax-exempt Bond Financing
• NYC HDC Second Mortgage
• NYC Dept. of Housing Preservation and Development PLP Program
• Low-income Housing Tax Credits
• Green Communities
• NYSERDA

Status
Anticipated closing June 2008


124th Street