Fetner Properties has been selected as the developer for the first NextGeneration (NextGen) Neighborhoods site on the Holmes Towers site in Manhattan, New York.
The selection of Fetner by the New York City Housing Authority (NYCHA), New York City Department of Housing Preservation and Development (HPD) and the New York City Housing Development (HDC) was mainly due to the developer’s commitment to community-focused features.
The proposed 47-storey development will include an 18,000 sq ft recreational and community centre.
The community centre, which will be operated by Asphalt Green, will include a new indoor basketball court and a rooftop turf field.
The property will also feature affordable and market-rate housing in equal ration, along with 14,500 sq ft of new playground and open space.
NYCHA Chair and CEO Shola Olatoye said “NextGeneration Neighborhoods enables NYCHA to raise critically needed funds, improve residents’ quality of life and provide new affordable housing.
“This project will fund badly needed repairs, and we will provide resources and amenities such as new playgrounds, a large community center and job opportunities.”
HDC president Eric Enderlin said: “The new NextGen Holmes Tower will provide affordable housing and community space, while generating job opportunities and much-needed capital to preserve existing NYCHA housing stock.
“HDC congratulates our partners at NYCHA, HPD, and Fetner for both the innovative financing and the commitment to community improvement that are at the heart of this project.”