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Developer presents 99‑unit mixed‑use building at 126 Lafayette, promises 25 MIH units
Summary
High Street Residential and design team presented a 99‑unit, 25‑unit MIH Option 1 building for 126 Lafayette; committee asked detailed questions about unit distribution, amenities, AMI bands, utilities and construction labor.
Community Board 2’s Land Use & Housing Committee heard a presentation Sept. 10 from High Street Residential and its design and legal team on a proposed mixed‑use building at 126 Lafayette Street that would contain 99 residential units, including 25 mandatory inclusionary housing (MIH) units. The presenters described the project as a 25‑story building that rises to 275 feet, with retail at street level and a mix of market‑rate and affordable units distributed through the tower.
The developer and design team framed the MIH portion as MIH Option 1, saying the affordable set would include 40%, 60% and 100% AMI bands and a weighted average of 60% AMI. Architect Paul Healy said, “The development will be MIH option 1,” and walked the committee through floorplans that show 25 affordable units distributed across 18 of the 23 residential floors. Presenters said the…
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