Park Lane at Sea View
Park Lane at Sea View is the development of 104-units of mixed-income rental housing for active seniors in two historic buildings on New York City’s Sea View Hospital Campus. The property focuses on enriching the lives of its senior residents through engaging activities and important services. Awarded through an RFP by New York City, the green project is positioned as the highest quality independent-living development for seniors on Staten Island. The project was financed with eight sources of funding including housing tax credits, historic rehabilitation tax credits, energy efficiency incentives and funding from the New York City Council and Staten Island Borough President. The development is the first Landmark structure to participate in the NYSERDA affordable green design initiative.
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Property Type
Mixed-Income Multifamily
Senior Housing
Historic Rehabilitation
NYC RFP Designation -
Apartments
104 Studios, One, and Two Bedrooms
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Development Cost
$31M
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Financing
Bank of America
Jones Lang LaSalle /Fannie Mae
NYC HPD Low Income Housing Tax Credits
Federal Historic Tax Credits
NYC HPD NYC Resolution A Funds
NYC HHC Ground Lease
NYSERDA Multifamily Performance Program
NYC HPD Enhanced J-51 Tax Abatement Program
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Completion Date
February 2009
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Awards
Multifamily Executive Award: Adaptive Re-Use
National Association of Home Builders Pillars of the Industry: Best Affordable Community
The New York Landmarks Conservancy: Lucy G. Moses Historic Preservation Award
New York Association for Affordable Housing Project of the Year
National Housing & Rehabilitation Association Judge's Award: Excellence in Historic Rehabilitation
New York State Dept. of Parks and Recreation Historic Preservation Award -
Sustainability
NYSERDA Energy Star
