MIDTOWN EAST — Eighty-seven affordable apartments are coming to Midtown East, thanks to a developer who plans to knock down a parking garage and build a 41-story residential tower in its place, the city said.
The new building at 214 E. 44th St. will include 429 apartments, about 20 percent of which will be designated to low-income households, according to a spokesman for the Department of Housing Preservation and Development.
The proposal is still in the early stages of review, HPD spokesman Eric Bederman said.
BLDG Management, the developer, purchased the property for $32 million in April 2014, according to online property records.
BLDG Management is planning a new tower with a swimming pool and basketball court on the second floor and 2,300 square feet of retail space on the first floor, The Real Deal reported.
The Department of Buildings has already issued a permit allowing the developer to demolish the current 11-story parking garage, according to online records.
BLDG Management did not immediately respond to a request for comment.
