Breaking Ground commences Project Welcome MAT

New York, NY Breaking Ground has launched Project Welcome MAT (Moving on an Accelerated Timeline), a three-year, $6 million initiative that seeks to reduce the time between an unsheltered individual’s acceptance into permanent supportive housing and their move-in date. Project Welcome MAT is funded by a three-year, $3.7 million grant from the U.S. Department of Housing and Urban Development, through the New York City Continuum of Care

Lendlease, LMXD and Daiwa House initiate sales at Claremont Hall

Manhattan, NY Lendlease with LMXD, an affiliate of L+M Development Partners, and Daiwa House Texas Inc., have commenced closings at Claremont Hall in Morningside Heights. Situated within the campus of Union Theological Seminary (UTS), the 41-story, mixed-use condominium building was designed by architecture firm Robert A.M. Stern Architects (RAMSA) with amenities and lobby arrival designed in partnership with CetraRuddy. 

DDG and Global Holdings 50-story tower surpasses $200 million in sales

Manhattan, NY National real estate developer DDG and partner Global Holdings building at 180 East 88^th St., the tallest residential building above 72^nd St. on the Upper East Side at 50 stories, has surpassed $200 million in sales. Establishing the development as one of the best-selling condo projects on the Upper East Side this year

Tankhouse and SO-IL develop sustainable luxury residence

Brooklyn, NY The 450 Warren St. condominium building delivers integrative indoor/outdoor living. From the curved-glass shared entry into the planted central atrium and two open-air courtyards, to the open mesh-wrapped and curved concrete walkways on five levels, 450 Warren St. is one of the only luxury residences where sunlight and rainfall are welcomed by design. 

Rechler Equity breaks ground on 140,875 s/f industrial building

Medford, NY Rechler Equity Partners broke ground at 10 Donald’s Way, a 140,875 s/f industrial building, the first at the planned Rechler Business District. Named in honor of the late real estate innovator Donald Rechler, 10 Donald’s Way will carry on his legacy of economic development on Long Island.

Urbahn Architects presents Investment Forum: Opportunities in Nusantara with $35 billion investment

Manhattan, NY The Ministry of Trade of Republic of Indonesia, Urbahn Architects and Indonesia Investment Promotion Center will present “Investment Forum: Opportunities in Nusantara, Indonesia’s New Capital City.” The forum will outline real estate and infrastructure investment opportunities related to the largest ongoing public/private urban development undertaking in the world, launched with $35 billion in public investment.

Navigating Local Law 97: A roadmap for affordable housing - by Jared Forman

In the past year, KOW Building Consultants conducted over 150 Integrated Physical Needs Assessments (IPNAs), including ASHRAE Level II Energy Audits. Within this dataset, a significant portion fell under the purview of Local Law 97 (LL97). Here's a breakdown of our findings and key takeaways for the path forward for building decarbonization in the affordable housing industry.

Company of the Month: IMC Architecture
launches new interior design studio

Brooklyn, NY The Brooklyn-based multi-family, commercial and institutional architectural firm IMC Architecture has launched its new interior design studio. Director of design Federigo Luzzi leads the new interior practice, with focus on workplace, commercial, retail, hospitality and residential work. “Our new interior design group will both serve its own clients and support IMC’s architectural projects.

The art of bespoke renovation: Tailoring your property to attract quality tenants - by Ron Fanish

When you own, manage or develop properties for long enough, renovations become inevitable. It may simply be because the building has grown outdated and needs more modern touches. Another reason may be an unfortunate disaster, like a fire or flood, that necessitates rehabilitating significant portions of the property. Despite the cause, veteran property owners, managers and developers know that a renovation is also a major opportunity. It provides the chance to enhance and tailor your property in a manner that surpasses rival offerings and draws in high-caliber tenants.

Allstate Ventures opens the first of three-building development - The Arc

New Rochelle, NY Allstate Ventures held a public opening of The Arc - the first of a three-building Westchester Place development. The 16-story, 144-unit apartment building at 64 Centre Ave., is part of a larger vision of Allstate Ventures through a leading partnership consisting of New Rochelle civic and community arts leaders, working to address the need for high-quality rental homes, ranging from affordable units to market rate luxury homes for residents.