Project Overview November 12, 2019 Manhattan CB 11 Economic - - PowerPoint PPT Presentation

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th Street Development Project: East 125 th B-West Project Project Overview November 12, 2019 Manhattan CB 11 Economic Development & Culture Committee th Street Development Project: East 125 th B-West Project Agenda: Developer Team

SLIDE 1

East 125th

th Street Development Project:

B-West Project

Project Overview

November 12, 2019 Manhattan CB 11 Economic Development & Culture Committee

SLIDE 2

East 125th

th Street Development Project:

B-West Project

Agenda:

Developer Team
Program Summary and Residential Affordability Mix
Architectural Presentation
Timing
Community Involvement

SLIDE 3

East 125th

th Street Development Project:

B-West Project

DEVELOPER TEAM:

Bridges Development Group El Barrio Operation Fightback Hope Community Development Monadnock Construction & Development Richman Development Group

SLIDE 4

East 125th

th Street Development Project:

B-West Project

PROGRAM SUMMARY:

Project Use:

Approx. Square Feet / \Unit Count:

Residential 365,600 GSF/ 404 units Commercial/ Retail Local Retail 58,000 GSF 5,000 GSF Cultural/ Community Facility

(planned for local dance studio)

5,600 GSF Parking 24,000 GSF/ 121 spaces (40 for retail) Public Open Space 10,000 SF Mechanical 6,000 GSF

SLIDE 5

East 125th

th Street Development Project:

B-West Project

AFFORDABILITY MIX:

*27 of the 80% AMI units will be Formerly Homeless units referred by HPD with 80% AMI or greater rent vouchers **plus two super units

Units:

37% of AMI 49 47% of AMI 52 80% of AMI 101* 130% of AMI 66 145% of AMI 27 Market 107 TOTAL 402**

SLIDE 6

East 125th

th Street Development Project:

B-West Project

ARCHITECTURAL PRESENTATION:

Rendered Ground Floor, Cellar and 2nd Floor Plans
Typical Floor Plans (3rd, 4th + floors)
Rendering (looking at Third Avenue at E 125th Street)
HPD BLDS Submission and Elevation Drawings (separate attachments)

SLIDE 7

PARCEL B-WEST GROUND FLOOR PLAN

SLIDE 8

PARCEL B-WEST CELLAR PLAN

SLIDE 9

PARCEL B-WEST 2ND FLOOR PLAN

SLIDE 10

B-WEST 3RD FLOOR PLAN

SLIDE 11

B-WEST 4TH+ FLOORS (TYPCIAL)

SLIDE 12

B-WEST RENDERING

SLIDE 13

East 125th

th Street Development Project:

B-West Project

Overall Timing (as of November 2019)

Openings:

Food Bazaar- Summer 2021
Groove With Me- Summer / Fall 2021
Other retail- Fall 2021
Residential (first 5 floors)- Summer 2021

SLIDE 14

East 125th

th Street Development Project:

B-West Project

Community Involvement

“Open –Door” Approach
East 125th Street Development Task Force - Regular Meetings
Local Hiring during Construction
Retail/Permanent Hiring
Local Retail

SLIDE 15

ADDITIONAL SLIDES -
DRAFT -

SLIDE 16

East 125th

th Street Development Project:

B-West Project

Hiring:

We are working with Council Member Ayala’s office and others while implementing local hiring

efforts during construction

We will enter a MWBE Utilization Plan with NYCEDC and in cooperation with the E. 125th Street

Development Task Force with a commitment to diverse business participation during construction, which will overlap with HPD’s MWBE Build-Up Program

There is a Local Hiring Plan, in cooperation with the E. 125th Street Development Task Force, that

provides mechanisms to encourage neighborhood resident/local hiring during post- construction; also works with NYCEDC’s HireNYC Plan

Post-construction jobs will be at or above living wage

SLIDE 17

B-WEST CELLAR PLAN

SLIDE 18

B-WEST GROUND FLOOR PLAN

SLIDE 19

B-WEST 2ND FLOOR PLAN