Construction Maison

Bronx developer Mark Stagg’s “bait-and-switch” shenanigans are making a mockery of two signature Mayor Bill de Blasio initiatives : affordable housing and his “Turning the Tide” homeless plan. In Thursday’s Post, Carl Campanile reported that back in 2015, Stagg flipped a Bronx apartment building into a transitional shelter facility . Working-class residents of the Crotona Avenue building saw their dream of winning the affordable- housing lottery turn into a nightmare once Stagg’s nonprofit partner, Bronx Parent Housing Network , moved 44 homeless families into the 55-unit building in November 2015. The rent-paying residents say they have to put up with panhandling, fighting, all-night partying and even assaults. Stagg used his signature tactic of asking the city for a property tax break in exchange for keeping 20 percent of units “affordable” — and then leasing the remaining 80 percent to a homeless-services nonprofit. Tenants came forward with their tales of misery after readin...

In early 2013, a group of developers announced plans to move forward with the redevelopment of a stretch of industrial buildings along the Sheridan Expressway in the Bronx, into a massive affordable housing complex . Since then, four buildings of a total eight have been built as part of this megaproject. This week, developers filed plans for a fifth building, The Real Deal reports. This new building will be located at 1560 Boone Avenue, stand 16-stories tall, and bring 366 apartments to the neighborhood. The first two buildings that opened at the megaproject in November last year had a total of 237 apartments and were open to New Yorkers making between $28,835 and $52,389 annually. The project, known as Compass Residences, is a collaboration between Monadnock Construction, Signature Urban Properties and GTIS Partners. It will eventually bring over 1, 300 affordable apartments to the Crotona Park East and West Farm neighborhoods , in the Bronx. When it was announced in 2012, plan...