The City will now sell the site to PRDG for a nominal fee in exchange for the design and construction of their mixed-use development that includes affordable housing for New Yorkers of low, middle, and moderate-in-comes.
The PRDG team presented a proposal, referred to as "Green Way" or "Via Verde", that will consist of 202 residential units, as well as retail and community spaces, and parking.
"We are pleased and honored to have been selected by the New Housing New York jury to work with HPD to help develop a next generation of housing that is affordable and green," said a spokesman for the PRDG team.
PRDG's Via Verde plan consists of both affordable rental and homeownership units and the proposal assumes that the rental units will be funded through a combination of the Housing Development Corporation's (HDC) New Housing Opportunity Program and Low Income Housing Tax Credits, and that the homeownership units will use HDC's Affordable Co-op Program and New Market Tax Credits.
New York City Department of Housing Preservation and Development (HPD) Commissioner Shaun Donovan and Mark Ginsberg, FAIA, 2004 president of New York Chapter of the American Institute of Architects (AIANY), announced Phipps-Rose-Dattner-Grimshaw (PRDG) as the winning architect-developer team for the competition known as the New Housing New York (NHNY) Legacy Project.
The City will sell the site to PRDG for a nominal fee in exchange for the design and construction of a mixed-use development that includes affordable housing for New Yorkers of lowmiddle-, and moderate-incomes.
PRDG's Via Verde will consist of 202 residential units varying from apartments in a tower to duplexes in a mid-rise to townhouses.