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$14M Supportive Housing Project for Veterans Opens in the Bronx

$14M Supportive Housing Project for Veterans Opens in the Bronx

A ribbon-cutting and recognition ceremony held on Nov. 8 marked the grand opening of Kingsbridge Terrace Veterans Residence—a six-story housing facility dedicated to New York City veterans who served in Iraq and Afghanistan, as well as for those struggling with homelessness and substance abuse.…

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LEED Gold Certification Awarded to Iconic Chrysler Building; LinkedIn Doubles Presence at Empire State Building

LEED Gold Certification Awarded to Iconic Chrysler Building; LinkedIn Doubles Presence at Empire State Building

The U.S. Green Building Council has awarded the LEED Gold-EBOM designation to New York City’s iconic Chrysler building. The certification comes one year after owner Tishman Speyer, a leading real estate development and investment company, embarked on a complex retrofit project at the skyscraper located on the east side of…

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Three Majestic Redevelopment Proposals Pitched for Grand Central Station’s Upcoming Centennial

Three Majestic Redevelopment Proposals Pitched for Grand Central Station’s Upcoming Centennial

One of New York City’s most iconic places, Grand Central Station—located at 42nd Street and Park Avenue in Midtown Manhattan, is just months away from celebrating its centennial. To honor this milestone and breathe new air into this historic area, the Municipal Art Society of New York (MAS) has invited…

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Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island

Times Square Prepares for New Hyatt Place; $16 Million Renovation Completed at Hilton Long Island

Developer 41st Midtown LLC has reached a management agreement with Stanford Hotels Corp., an affiliate of Chicago-based Hyatt Hotels Corporation, to build a new Hyatt Place hotel in New York’s vibrant Times Square and within walking distance of Avenue of the Americas, one of the densest office corridors in the…

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Lightstone Group Gets $51M Construction Loan for Upscale Multifamily Project in Queens

Lightstone Group Gets $51M Construction Loan for Upscale Multifamily Project in Queens

Manhattan-based development company The Lightstone Group, along with its branch Lightstone Value Plus Real Estate Investment Trust (LVPR), has recently closed a $51 million construction loan with the Canadian Imperial Bank of Commerce (CIBC) and plans to use the funds to create a multifamily complex in Queens Borough’s Long Island…

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NYC Housing Authority Initiatives Pave the Way for New Affordable Units

NYC Housing Authority Initiatives Pave the Way for New Affordable Units

In an attempt to renew and revitalize public housing developments in New York City, the New York City Housing Authority (NYCHA) Chairman John B. Rhea announced a series of initiatives meant to generate more revenue for the Housing Authority. The first project announced by Chairman Rhea calls for at least…

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World’s Tallest Ferris Wheel to Be Built on Staten Island

World’s Tallest Ferris Wheel to Be Built on Staten Island

Local officials in New York City are aiming big for the ”Big Apple." Mayor Michael Bloomberg announced last week plans for a new tourist attraction that would reinvent the northeastern side of Staten Island: the world’s tallest Ferris wheel, a 625-foot -tall structure destined to become one of the city’s…

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The Bronx, Manhattan Welcome Marriott-Branded Hotels; Frank Reilly Joins Avison Young NYC as Principal

The Bronx, Manhattan Welcome Marriott-Branded Hotels; Frank Reilly Joins Avison Young NYC as Principal

The first Marriott hotel operating under the Residence Inn brand is set to open in the Bronx in 2014 inside a 370,000-square-foot mixed-use complex known as Metro Center Atrium, part of the 42-acre, multi-building Hutchinson Metro Center. A Simone Development Companies venture, the Atrium will also include offices, medical spaces,…

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Complex Redesign Project Announced for NYC’s Historic Pier 17

Complex Redesign Project Announced for NYC’s Historic Pier 17

Howard Hughes Corporation (HHC)—a company that owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S.—and the New York City Economic Development Corporation (NYCEDC) have reached an agreement for a multi-year revitalization project of a 195,000-square-foot building at South Street Seaport, one of Manhattan’s most popular areas.…

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$22M Mixed-Use Development to Break Ground in Downtown Yonkers; Valuation Expert Steven Kurtz Joins Avison Young as Principal

$22M Mixed-Use Development to Break Ground in Downtown Yonkers; Valuation Expert Steven Kurtz Joins Avison Young as Principal

Development company Rising Development recently got the green light from the Yonkers Industrial Development Agency (YIDA) to go on with a $22 million project that would transform five properties in the downtown area into residential, retail and restaurant space. According to LoHud.com, YIDA has granted more than $500,000 in tax…

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Refurbished Double Tree by Hilton Hotels Opens in New York City

Refurbished Double Tree by Hilton Hotels Opens in New York City

Double Tree by Hilton recently inaugurated its newly revamped full-service hotel in New York City—an upscale property located on the corner of Lexington Avenue and 51st Street in the fashionable East Side. The iconic building, which was designed by architect Morris Lapidus as the Summit Hotel in 1960—in an unusual…

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Lighting Retrofit Completed at Ernst & Young NYC Headquarters; Avison Young Closes on Three Transactions

Lighting Retrofit Completed at Ernst & Young NYC Headquarters; Avison Young Closes on Three Transactions

A team of contractors made up of JAS Consulting, Philips Lightolier Energy Service Group and One Lux Studio recently finished work on a massive lighting retrofit project at Ernst & Young’s 650,000-square-foot headquarters in Times Square.…

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