[Rendering of 524 E. 14th St. looking to the west via Extell]
Extell Development announced yesterday that the application process for 50 middle-income units at 524 E. 14th St. is now underway. (H/T 6sqft!)
This is the smaller of the two retail-residential buildings that Extell constructed between Avenue A and Avenue B. No. 500 at the corner of Avenue A is the larger of the two developments, and will be home to the small-format Target store.
As for the housing at No. 524, Curbed breaks it down here:
There are a total of 50 affordable apartments up for grabs at the rental with apartments being offered in studio through two-bedroom variants. Rents start at $1,114 for a studio, which is definitely a bit on the pricier side for affordable units, but this is the East Village after all. Rents on one-bedrooms start at $1,196, and two-bedrooms start at $2,733, from the information we have so far.
The affordable rentals are being offered in two groups: people making 70 percent of the area median income and 130 percent of the area median income, which translates to anywhere between $40,080 to $124,020 depending on various family sizes.
For an additional fee, residents will also have access to amenities like a fitness center, a children’s play room, an indoor pool, a residents lounge, and a steam room.
Speaking of the pool! Here it is (complete with apparitions) ...
[Rendering by McGinley Design]
Nice, but it's no Blarney Cove Cove.
Anyway, qualifying residents can apply for the middle-income units until April 11, 2018. You can find the application and other details here (PDF).
To date, Extell hasn't released any leasing information for the other residential units.
Previously on EV Grieve:
New 7-floor buildings for East 14th Street include 150 residential units
Target offers details about its flexible-format store opening summer 2018 on 14th and A
The disappearing storefronts of East 14th Street