Wednesday, June 13, 2018

NIKO East Village debuts on Avenue D and 6th Street



The construction phase is winding down at 79-89 Avenue D, the site of a 12-story retail-residential building via L+M Development Partners.

The banner announcing the building's name here between Seventh Street and Sixth Street was recently unveiled — say hi to NIKO East Village (H/T Dave on 7th!) ...



Not sure exactly what NIKO stands for in this usage. There's a teaser website where potential renters can request more info on the units.

In April, the affordable housing lottery launched for the building. NIKO includes 28 permanently affordable units (out of 110 total). Residents who qualify for the housing have until June 26 to apply for one of the units. Find the details here.

Amenities at the address — officially 751 E. Sixth St. — will include a fitness center, landscaped roof deck and an outdoor terrace.

The lots previously housed one-level storefronts that included a Rite Aid, which relocated one block north to the ground floor of the Arabella 101 building. Rite Aid signed a lease to return to the retail space at No. 79.

Previously on EV Grieve:
Report: Space that houses Rite Aid on Avenue D hits market for $22.5 million

Report: New 12-story, mixed-use building in the works for Avenue D

Permit pre-filed for new 12-floor building at 79-89 Avenue D

5 comments:

Anonymous said...

L&M are the folks behind Essex Crossing. I wonder what palms they greased to get this deal. I guess this is NYC's way of diversifying the nabe.

Neighbor said...

9:39 are you seriously suggesting there is an issue with tearing down single story buildings to build an apartment complex with 28 affordable units?

Anonymous said...

I feel like I ask this every time an 'affordable' lottery comes up, but why is there never anything available for a single person making $45-65K? I don't have any stats, but that seems to be the middle class salary range that is being screwed out of housing.

Donnie Moder said...

I agree that there are not a lot of affordable housing lotteries,for the single occupant $45-65k range. Just wonderind, should they should be called "middle class" though? Someone in that salary range should be living the lower to lower middle class life style after taxes these days.

JQ LLC said...

Deputy Mayor in charge of Housing and Development is superchummy with L&M's CEO.

http://www.crainsnewyork.com/article/20170611/REAL_ESTATE/170609858/ron-moelis-is-the-king-of-affordable-housing-but-his-ties-to-nyc-deputy-mayor-alicia-glen-made-him-a-target

Working poor single people cannot even qualify for the studios as well. The city has absolutely no clue on what the average citizens salary is as well as what middle class families make, which is clear from these affordable housing qualifications that they don't give a shit about them. But of course as NYCHA and the violence at homeless shelters shows, our elected and appointed officials insouciance about these obvious damning facts is well documented and is standard operating procedures.

https://impunitycity.wordpress.com/