News

Peninsula 1A, the first phase of the redevelopment of the former Spofford Juvenile Detention Center into The Peninsula, opened this week with a ribbon-cutting celebration attended by stakeholders and community leaders. The 56,000 square-foot building will provide space for local entrepreneurs including bakers, coffee roasters, caterers, prepared foods producers, and more. Over 100 new jobs are expected over the next five years, turning the site that used to represent hurt and hopelessness into a place of opportunity and hope. More details about Peninsula 1A and a link to the ribbon-cutting video are available at Black Star News.

Ground has broken on the new Rheingold Senior Residences at 15 Monteith Street in the Bushwick neighborhood of Brooklyn. When completed, Rheingold Senior Residences will provide 94 studio and one-bedroom apartments for low-income seniors. Developed by Southside United HDFC–Los Sures and Churches United for Fair Housing and designed by Magnusson Architecture and Planning, the $67 million project will follow Passive House standards and will include a solar panel on the roof and an electric-powered central heating and cooling system. Amenities will include communal lounge spaces on every floor, an accessible rooftop with raised gardening beds, and a landscaped rear yard. More details and project renderings are available at New York YIMBY‘s website and on BrooklynPaper.com.

New York State Governor Kathy Hochul has announced the opening of The Corden, a 62-unit affordable housing development in the Bronx developed by New Destiny Housing. Formerly known as the Bryant, the Corden was renamed at the ribbon-cutting ceremony for Carol Corden, the long-serving executive director of New Destiny Housing who retired earlier this year. The $34.5 million development will provide residents with access to on-site services like financial counseling, professional development, case management, programming for children, and other services to promote housing security, according to a press release from the New York State Office of Homes and Community Renewal (NYSHCR). More details and photos from the ribbon-cutting are available on NYSHCR’s website.

As reported in The Real Deal, Gotham Organization has received $250 million in financing for 550 10th Avenue, which will be developed into a 430,000 square-foot mixed-use building. Approximately 30% of the building’s 453 apartments will be affordable. Amenities will include Amazon package storage, a bike room, and a 45th-floor terrace. Gotham will also build a new 80,000 square-foot replacement facility for Covenant House on the adjacent lot as part of the project.

Beach Green Dunes, a 100% affordable housing development in Rockaway Beach, Queens, incorporates a “living street” landscape architecture approach that has kept the site and its residents dry even as the rest of the neighborhood flooded in Tropical Storm Henri. As reported in Fast Company, permeable pavement absorbs water quickly – and beneath the permeable pavement is a layer of a soil and stone mixture that absorbs water that makes it past the permeable layer. This “structural” layer is strong enough to be load-bearing while also allowing tree roots to grow.

Hirschen Singer & Epstein LLP is pleased to announce that firm partners Christine Coletta and Stefanie Marazzi are featured in New York Real Estate Journal‘s “2021 Women in Commercial Real Estate” issue. This special edition of NYREJ recognizes the achievements of women working in commercial real estate and its related fields. Christine‘s real estate practice focuses on mixed-use and multifamily affordable residential development and community-based construction projects in New York City, while Stefanie practices zoning and land use law, representing developers and property owners in obtaining discretionary land use approvals such as rezonings and special permits through ULURP and at the Board of Standards and Appeals. We are proud to have Christine and Stefanie leading the HSE team.

As reported in NIMBY, amenities for the new Gotham Point residential development have been revealed by the developers, the Gotham Organization and RiseBoro Community Partnership. Amenities for the dual-tower development will include a number of outdoor spaces, including an indoor-outdoor fitness center, a rooftop terrace, a rooftop farm, sundecks, and a boathouse. When completed, Gotham Point will provide 1,132 apartment units, of which approximately 75% will be affordable housing available to families of low, moderate, and middle-income means.

Affordable housing development Sendero Verde has received a 2021 American Architecture Award (AAA). The AAAs are organized by the Chicago Athenaeum Museum of Architecture and Design, the European Center for Architecture Art Design and Urban Studies, and Metropolitan Arts Press. The awards “honor the best, new significant buildings and landscape and planning projects designed and/or built in the United States and abroad by the most important American architects and planners practicing nationally and internationally.

”