New York launches ShareNYC to encourage affordable co-living projects

New York– New York City’s Department of Housing Preservation and Development has launched a pilot program, titled ShareNYC, that will encourage the development of affordable co-living projects with the help of city funds. The program will seek proposals for private development sites, and particularly favor those that offer units for very low-income New Yorkers. Most of the co-living units will have bedrooms that range in size from 150 to 400 square feet, both private and shared bathrooms, and a shared living room and kitchen. The city will also entertain proposals that have a mix of affordable and market-rate units.

 

The city’s pilot program includes a request for information (RFI) and/or expressions of interest (RFEI) where developers will be asked to outline how they plan to design, build and manage these co-living spaces. The city has set a deadline of March 14, 2019 for the proposals and is hosting a conference on Nov. 30 this year for applicants to get more information on the pilot program. The new apartments will be part of the city’s Affordable Housing 2.0 agenda to create and preserve 300,000 affordable homes in the city by 2026.

New York investing $250M to close gaps along Manhattan’s waterfront

New York– New York City has committed $250M to closing gaps in the Manhattan Greenway. The 32.5-mile greenway currently has gaps in Inwood, Harlem, Washington Heights, Midtown and East Village. Plans for the greenway span all the way back to 1993, and the completed vision will result in more than 1,000 acres of open space along the Hudson, East and Harlem rivers.

 

Some of the projects include the city investing $41 million to build out a new waterfront esplanade at Academy Street along the Sherman Creek. Conceptual design will begin in 2019 and construction will commence in 2021. An estimated $101 million has been allocated for construction on the Harlem River Greenway Link. Construction is expected to begin in 2021. With a $100 million budget, the East Midtown Greenway will connect pedestrians to the Andrew Haswell Green Park to the north at East 61st Street and will provide a transportation connection to the south, where the Greenway ends. Construction is anticipated to begin in 2019. View the entire Manhattan Waterfront Greenway vision here.

Riverside issues RFP for mixed-use development

California- The city of Riverside has issued a request for proposals (RFP) for a mixed-use development, on 7.6 acres of city-owned land, which will bring more hotel rooms, market rate housing, retail and restaurant space, and structured parking to the area. A portion of the site, located at 3460 Orange St., is currently occupied by Encore High School until May 2020. The Encore-occupied building is approximately 21,500 square feet and the city expects the selected proposer to demolish the structure upon Encore’s closure.

The developer will also expand the existing Riverside Convention Center, under a public-private partnership (P3), by 100,000 square feet to improve the city’s ability to attract larger conferences. The city envisions the project’s hotel being constructed over the convention center expansion area and construction of a new parking garage to replace existing surface parking stalls. The due date for submitting proposals is Dec. 18.

New Memphis art museum to become centerpiece of riverfront development

Tennessee- The Memphis Brooks Museum of Art issued a request for qualifications (RFQ) to design a new campus in downtown Memphis. The new riverfront development will include a museum with a theater, an event space and a larger store selling books and gifts. The campus would take up the city block where the fire department headquarters and a fire station sit.

A new museum campus will aid the city’s Memphis Bicentennial Gateway Project, intended to connect public spaces and attractions along the riverfront. Museum representatives estimate the cost of designing and constructing the campus to be $105 million and anticipate opening the facility in 2024. Responses to the RFQ are due by Nov. 2.