The Hudson Yards neighborhood has officially opened to the public, marking a historic moment for New York City. The mega-development has already contributed more than $10 billion to New York City’s GDP through construction. Hudson Yards developers Related Companies and Oxford Properties Group were joined by U.S. Senate Minority Leader Charles E. Schumer, Congressman Adriano Espaillat, Congressman Jerrold Nadler, ctnd.
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SL Green Goes Vertical On 185 Broadway After Locking Down $225 Million Construction Loan
SL Green has had a giant project in the works for 185 Broadway in lower Manhattan since 2015. On Friday, the developer finally announced plans to go vertical on construction of the 35-story, 260,000 square foot development in the first quarter of 2019.
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NYC Is Spending $500 Million For Affordable Senior Housing
The de Blasio administration has committed $500 million to build thousands of affordable housing units for low-income seniors, in order to reduce the public housing waitlist, which currently has about 207,000 families registered.
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Upper West Side Developers Fined for False Vacancy Claims
Two developers, Cenpark Realty and the Brodsky Organization, have been fined a combined $90,000 by the city for claiming false vacancy in their buildings during renovation. Property owners of occupied buildings are supposed to protect residents from the ramifications of construction, like dust and noise, by submitting a tenant protection plan.
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Extell Development Sells Over $73 Million At ONE57 On Billionaire's Row In Q1 2018
Extell Development Company announced a sales milestone for its record-selling ONE57 building, surpassing $73 million in transactions in the first quarter of 2018, from five contracts alone. ONE57 is home to the record-breaking $100M sale and redefined the New York City skyline on what is now known as Billionaire’s Row.
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Kepos Capital Relocates Headquarters To The LEED Gold Certified 11 Times Square
Investment advisor Kepos Capital LP has signed a lease relocating its headquarters to 11 Times Square, a state-of-the-art, LEED-Gold-Certified commercial tower owned by SJP Properties in partnership with PGIM and Norges Bank.
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Major Executive Shake Up At Compass As Both CTO & CFO Leave The Tech-Driven Brokerage Firm
Two key executives have announced their departure from Compass in a statement released last Friday. The longtime chief technology office, Liming Zhao, and the chief financial officer, Craig Anderson, who had only been with the $2 billion startup for seven months, are both leaving.
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