“$350M Secured for South Bronx Development With 542 Affordable Units”

“The overall funding includes $325 million for the building along with $25.5 million for the waterfront esplanade’s construction from the New York City Economic Development Corp. The Wall Street Journal reported some of the financing comes from state grants, equity from the developers and federal tax credits and Brownfield tax-credit equity from Wells Fargo.”


“Works starts on Bronx Point as $350M finance package is sealed”

“Located on city-owned land near the 145th Street Bridge, the mixed-use development will transform a dirt tract into a new community of over 1,000 affordable apartments with three-acres public open space and cultural and community-focused spaces that include a permanent home for the Universal Hip-Hop Museum, an early childhood space and outdoor science programming.”


Construction Topped Out at 980 Westchester Ave

Construction topped out recently at 980 Westchester Ave, which will be known as Tiffany Court Plaza. The seven-story mixed-use building will include affordable and supportive housing, as well as 28,000 square feet of commercial space.


Sendero Verde Phase One Tops Out

Phase One of East Harlem affordable housing development Sendero Verde has topped out. The development will create 360 units of affordable housing and will feature on-site social services including occupational therapists, case managers, and art and dance classes.


Beach Green Dunes II Wins Passive House Design Award

Beach Green Dunes II received an Affordable Honorable Mention in the 6th Annual PHIUS (Passive House Institute US) Passive House Projects Competition. The L+M Builders Group project designed by Curtis + Ginsburg Architects features spatial and technological strategies for ultra-low energy consumption, including a rooftop PV arrays and a centralized ERV system.


“National Urban League Nails Down $188M For Planned 125th Street HQ in Harlem”

Goldman Sachs will contribute $188 million of the project’s $242 million total cost. Other components of the financing package include tax-exempt bonds issued by the state Housing Finance Agency, subordinate financing from New York State Homes and Community Renewal, and tax credits purchased by Goldman and Santander Bank.


“Governor Cuomo Unveils Plans for New Affordable Housing Development in Flatbush as Part of $1.4 Billion Vital Brooklyn Initiative”

Congratulations to our client CAMBA Housing Ventures, who will be developing Clarkson Estates in the Flatbush neighborhood of Brooklyn. Clarkson Estates will include 291 affordable apartments, half of which will be set aside for youth aging out of foster care, formerly incarcerated individuals, and formerly homeless young adults.


3365 Third Avenue Wins USGBC LEED Homes Award

Congratulations to 3365 Third Avenue in the Bronx and developer Bronx Pro Group for winning the 2020 U.S. Green Building Council’s Outstanding Affordable Project award. “This LEED Platinum project demonstrates that quality housing can be both affordable and sustainable and was designed to encourage community building,” the USGBC wrote. You can read the full award description on the USGBC’s website.


“Doe Fund breaks ground on housing for homeless in the Bronx”

980 Westchester in the Bronx will feature 151 affordable and supportive housing units. The development is funded through private and public funding sources, including the Housing Development Corporation’s Extremely Low & Low Income Affordability (ELLA) program, federally tax-exempt bonds, and low-income housing tax credits.


17-21 Redfern Avenue Makes “10 Biggest NYC Projects” List

The Real Deal named Phipps Houses’ new development at 17-21 Redfern Avenue as one of the top 10 largest projects filed in New York City in May. Part of the Rockaway Village complex, the 12-story building will include 354 residential units.


“New Looks at Bronx Point”

CityRealty gives a preview of Bronx Point, a 585,000-square-foot mixed-use project that will feature 540 permanently affordable housing units, educational and community space, acres of parkland, and the Universal Hip Hop Museum.


Slater & Beckerman P.C. Merges Into Hirschen Singer & Epstein LLP

Effective March 10, 2020, the law practice of Slater & Beckerman P.C. has merged into Hirschen Singer & Epstein LLP (HSE).

For decades, Slater & Beckerman P.C. has been widely recognized as one of the premier zoning and land use firms in New York City, representing real estate developers, property owners, lending institutions, architects, contractors, and educational and cultural institutions.

As part of HSE, the Slater & Beckerman team will enable the firm to provide a broad spectrum of zoning and land use services to their clients, seamlessly integrated into HSE’s existing foundation in government assisted real estate and real estate finance transactions. HSE’s zoning and land use services will include all matters zoning and land use-related, including zoning due diligence and analysis, zoning lot mergers and transfers of development rights, and applications to New York City land use agencies, including the City Planning Commission, the Board of Standards and Appeals, and the Landmarks Preservation Commission.

“We are thrilled to have the zoning and land use team from Slater & Beckerman join us at HSE,” said HSE partner Christine A. Coletta. “In addition to being extremely skilled and diligent lawyers, they share our mission driven culture, which makes this an ideal match. Both firms value the opportunity to use our knowledge, experience and creativity to galvanize transactions and developments that foster an inclusive, vibrant and affordable New York City. This merger will put us in position to offer a more comprehensive array of services to our clients in furtherance of that ultimate goal.”

The zoning and land use attorneys joining HSE from Slater & Beckerman are Stuart Beckerman, Esq., Carole Slater, Esq., Stefanie Marazzi, Esq., and Benjamin Stark, Esq.

“Like the attorneys at HSE, we care deeply about the people and the built environment of New York City and are dedicated to doing the best work possible for our clients, which include developers of residential and commercial projects, as well as lenders and non-profit institutions,” said Stuart Beckerman, new partner at HSE and former managing principal at S&B. “The energy, passion, creativity and experience of HSE’s attorneys were a huge draw for us. We see this merger as a win-win for us and an added bonus for our clients, who can now draw from a larger pool of expertise.”

Founded in 1978, HSE specializes in the representation of for-profit and not-for-profit developers in a wide variety of complex real estate transactions, including the development and operation of affordable housing, community facilities, transitional housing and shelters, charter schools and mixed-use projects under federal, state and city programs. Their experienced attorneys have shaped significant real estate developments throughout the New York City metro.


“Gotham-Led Venture Scores $445M for Queens Project”

As reported in Multi-Housing News, the Gotham Organization and RiseBoro will develop a two-tower community within the larger Hunter’s Point South site. Gotham South will provide more than 1,100 residential units, 75% of which will be designated for permanently affordable housing. Over $445 million in financing has been secured for the joint venture, including a $311 million construction loan from the New York City Housing Development Corp. (HDC) and $134.4 million from the Department of Housing Preservation and Development (HPD).