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

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  Program Summary and Residential Affordability Mix  Architectural Presentation  Timing  Community Involvement

th Street Development Project: East 125 th B-West Project DEVELOPER TEAM: Bridges Development Group El Barrio Operation Fightback Hope Community Development Monadnock Construction & Development Richman Development Group

th Street Development Project: East 125 th B-West Project PROGRAM SUMMARY: Project Use: Approx. Square Feet / \Unit Count: Residential 365,600 GSF/ 404 units Commercial/ Retail 58,000 GSF Local Retail 5,000 GSF Cultural/ Community Facility 5,600 GSF (planned for local dance studio) Parking 24,000 GSF/ 121 spaces (40 for retail) Public Open Space 10,000 SF Mechanical 6,000 GSF

th Street Development Project: East 125 th 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**

th Street Development Project: East 125 th B-West Project ARCHITECTURAL PRESENTATION:  Rendered Ground Floor, Cellar and 2 nd Floor Plans  Typical Floor Plans (3 rd , 4 th + floors)  Rendering (looking at Third Avenue at E 125 th Street)  HPD BLDS Submission and Elevation Drawings (separate attachments)

PARCEL B-WEST GROUND FLOOR PLAN

PARCEL B-WEST CELLAR PLAN

PARCEL B-WEST 2 ND FLOOR PLAN

B-WEST 3 RD FLOOR PLAN

B-WEST 4 TH + FLOORS (TYPCIAL)

B-WEST RENDERING

th Street Development Project: East 125 th 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

th Street Development Project: East 125 th B-West Project Community Involvement  “Open –Door” Approach  East 125 th Street Development Task Force - Regular Meetings  Local Hiring during Construction  Retail/Permanent Hiring  Local Retail

- ADDITIONAL SLIDES - - DRAFT -

th Street Development Project: East 125 th 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. 125 th 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. 125 th 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

B-WEST CELLAR PLAN

B-WEST GROUND FLOOR PLAN

B-WEST 2 ND FLOOR PLAN