Regions Northeast | New York
Habitat for Humanity to Build M-F Project in Brooklyn
July 21, 2008
A block on Atlantic Avenue in Ocean Hill-Brownsville, Brooklyn, N.Y., will generate almost $34.5 million in economic stimulus, thanks to the affordable condominiums that Habitat for Humanity - New York City is building on the site. The project will comprise of 41 units of affordable condos and is expected to generate approximately $3 for every dollar invested in the $12 million project.
Recent New York Headlines
$167M Construction Loan in Place for Brooklyn M-F Project
Aug. 21, 2008
Forest City Ratner Cos. has closed on a $167 million construction financing deal for 80 DeKalb, a 365-unit apartment project in Downtown Brooklyn. The New York State Housing Finance Agency approved the project for $109.5 million in tax-exempt bonds and an additional $27.5 million in taxable bonds.
NYU Buys Gramercy Green for $275M
Aug. 19, 2008
New York University acquired Gramercy Green condo building from J.D. Carlisle for $275 million with plans to convert the 21-story property into a dorm, The Real Deal reported. The building is located at 310 Third Avenue.
Teen Retailer Buys Office Space in Manhattan
Aug. 19, 2008
rue21, a leading specialty value teen retailer for girls and guys is on the move in New York City. The 400 plus store retailer has acquired and customized a 3,800-square-foot office located in the Fashion District.
Summer Brings Progress, Challenges for WTC Renewal
Aug. 15, 2008
As Labor Day nears, the effort to revitalize the World Trade Center has experienced significant forward motion as well as a few hitches. In the months to come, the massive rebuilding project is likely to show signs of progress as well as facing a series of difficult choices. Public agencies and private-sector interests swiftly addressed some of the 15 major challenges detailed June 30 by Christopher Ward, the recently appointed executive director of the Port Authority of New York and New Jersey.
