Earlier this week, Mayor Mamdani announced plans to redevelop an NYPD parking lot in the East Village into a mixed-use affordable housing complex. 

Rendering of The AureaNYC HPD

Dubbed "The Aurea," the project will rise from a site at 324 E. 5th Street. A team consisting of Spatial Equity, Housing Works, the Cooper Square Committee and the This Land is Ours Community Land Trust will lead the project, which is to include 131 homes, a senior adult daycare center, community space, and NYPD parking.

“We're turning an NYPD parking lot into approximately 131 affordable homes, a senior center and community space because public land should serve the public,” said Mayor Mamdani in a news release. “This project will provide permanently affordable housing, create homes for formerly homeless New Yorkers and put community stewardship at its center through a community land trust. It's the first City land designation of our administration, and it's exactly the kind of housing we're committed to building across the five boroughs: deeply affordable, community-led and worthy of the greatest city in the world."

SLCE Architects, which is shown as a contemporary high-rise structure with multiple terrace amenity decks and passive green roofs.

Rendering of The AureaNYC HPD

Work on the project is not imminent. Per a news release, community outreach, public approvals, and financing must be obtained before construction can get underway.