Housing & Real Estate Active Updated Aug 17, 2026
The Fulton-Elliott-Chelsea rebuild
HUD approved redeveloping NYCHA's Fulton and Elliott-Chelsea Houses in Chelsea, clearing developer Essence Development and Related Companies to replace all 2,056 existing public-housing apartments one-for-one before adding thousands of mixed-income units, for up to 5,510 total. The project, projected at $2 billion and running up to eight years, tests whether NYCHA can rebuild a major campus in place, with more than 4,500 residents watching whether the promise that only 6% will need to move temporarily actually holds.
The story so far
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Aug 17, 2026 Latest
Antisemitic, racist and homophobic flyers targeting NYCHA's $2 billion Fulton and Elliott-Chelsea rebuild surfaced in Chelsea, drawing condemnation from Mayor Mamdani's office and the housing authority.
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Aug 3, 2026
HUD approved the redevelopment of NYCHA's Fulton and Elliott-Chelsea Houses, clearing construction that will replace 2,056 existing apartments one-for-one before adding 3,454 more mixed-income units, for up to 5,510 total, at a projected cost of $2 billion. More than 4,500 residents live across the two campuses, and NYCHA said only 6% will need to move temporarily during construction.
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