Carmel Place (formerly known as My Micro NY) is the winner of the City of New York's adAPT NYC Request for Proposals, the most responded-to RFP in the City's history. The development will be composed of 55 rental apartments ranging in size from 260 to 360 square feet. This pilot project is meant to test an old housing typology in a modern context as the needs and characteristics of New York City's residents evolve.
Residences at Carmel Place will be ready for move in during the first quarter of 2016 and leasing will begin at the end of 2015.
Location: New York, NY
Type: New Construction Mixed Income Rental
Total Development Cost: $16.7MM
Developer: Monadnock Development