As East Harlem prepares to undergo a sweeping rezoning that would dramatically alter its landscape, a block-long site that is home to four community gardens is slated to become a 751,000-square-foot, mixed-use development.
Mayor Bill de Blasio’s administration has selected Jonathan Rose Companies, a prolific developer of rent-regulated housing, to construct 655 apartments and a host of amenities intended to create a self-sustaining community along East 111th and 112th streets, mayoral spokeswoman Melissa Grace said. The mostly city-owned site is bound by Madison and Park avenues and excludes two lots the administration was unable to acquire — a four-floor apartment building and a vacant plot of land.
In addition to apartments, the project will include a YMCA, supermarket, restaurant, job training center, preventative health care facility run by Mount Sinai, 85,000-square-foot DREAM charter school and space for the 122-year-old community organization Union Settlement, Grace said.
The new homes will be rented to people earning a range of incomes: One-fifth for three-person households earning up to $24,480, 60 percent for families of three making up to $48,960 and 20 percent for families of three earning $106,031. The highest bracket is more expensive than market-rate apartments for long-term and new tenants in East Harlem, but the city is dubbing this a “100 percent affordable” project because the city’s housing agency will regulate all rents.