Governor Kathy Hochul recently announced the opening of River Avenue, a 19-story affordable and supportive housing development at 1159 River Avenue in Highbridge, The Bronx. Designed by Urban Quotient, the structure yields 245 units and more than 20,000 square feet of commercial space, and is part of a larger commitment to increase housing accessibility in New York.
Governor Kathy Hochul recently announced that three New York City properties have been recommended for historic recognition, highlighting their unique contributions to the city and state’s architectural and cultural heritage. The nominations are part of a broader initiative to preserve New York State’s history, and are three of 15 total properties across New York State that have been proposed for inclusion in the State and National Registers of Historic Places. All three nominations are located in Manhattan.
Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.
On Tuesday, Governor Kathy Hochul announced the award of approximately $322,000 in funding for four waterfront projects in the New York City metropolitan area. The grants are expected to support a wide range of initiatives, including enhancing recreational areas, expanding river access, and protecting the Hudson River ecosystem.
Construction is rising above the halfway mark on 405 and 407 West 206th Street, a sprawling two-tower mixed-use project in Inwood, Manhattan. Designed by Beyer Blinder Belle in a joint with the LMXD affiliate of L+M Development Partners, MSquared, and Taconic Partners, the 751,687-square-foot structures consist of 14- and 17-story volumes standing 140 and 175 feet tall and will yield 700 rental units with 281 dedicated to affordable housing, as well as a supermarket under the city of New York’s Food Retail Expansion to Support Health Program program and an immigrant-centered performing arts center owned and operated by the People’s Theatre Project. Inwood Lot 9 Development Associates LLC is the owner, Community League of the Heights is the community sponsor, and Chatsworth Builders is the general contractor for the $416 million project, which is bound by West 206th and West 207th Streets and Ninth Avenue.
