The first fully affordable building at the Pacific Park megaproject has topped out, and is expected to be ready for occupancy by the fall of this year. YIMBY first reported on the development, which will bring a total of 298 rental apartments to the neighborhood.
The CookFox-designed project is broken down into 66 studios, 129 one-bedrooms, 88 two-bedrooms, and 15 three-bedroom apartments.
Developed by Greenland Forest City Partners, the building is open to low, moderate, and middle income households. It ranges from 40 percent of AMI to 165 percent of AMI. Though the low-income affordable units account for just 5 percent of the total apartments, whereas the highest range in the middle-income bracket constitute half of all the apartments in the building.
In monetary terms, that range means anywhere between a family of four that's making $34,520, which is 40 percent of AMI, and a family of four making $142,935, which is 165 percent of AMI.
The building stands 18-stories tall, and also features 9,000 square feet of retail on the ground floor. Amenities in the building include a fitness center, a children's play area, a resident's lounge, and a roof terrace. There are also laundry facilities available on each floor.
· Pacific Park's First Affordable Building Tops Out At 535 Carlton Avenue [YIMBY]
· All The Pacific Park Coverage [Curbed]