News: Spotlight Content

Developing Brooklyn:
Columbia Street Commons

Brooklyn, NY Columbia Street Commons, which will bring 371 units of much-needed 100% affordable and supportive housing to Red Hook, is one of the largest deals closed with NYC HPD in 2024. The project is the first of a three-phase, 661-unit development, which will be the first large-scale residential development in Red Hook. 

The project is developed by Express Builders and nonprofit service provider Jericho Project, along with development consultant Rockabill Consulting. Jericho Project will provide on-site services to meet the needs of the full continuum of residents: low-income families, seniors, and formerly homeless individuals and families. This type of high-impact development represents both the critical need for more housing and the city’s commitment to investing in high quality housing for all New Yorkers. 

“This project is the real deal,” said Katie Devine of Rockabill Consulting.“100% of the units will be affordable for households earning 80% of AMI or less, with the vast majority serving families at extremely low income levels. This is the kind of accessible, affordable housing that NYC needs.”

Project Info

Project Title: Columbia Street Commons

Project Location: 498 Columbia Street, Red Hook

Property Type: Multi-Housing, Affordable

Project Type: New

Number S/F: 310,390 s/f

Year Started: 2024

Est. Completion Date: 2026

Project Team

Architects: Aufgang Architects

Developer: Express Builders; Jericho Project

Structural Engineer: Thornton Tomasetti

MEP Engineer: A&D Engineering 

Environmental Engineer: AKRF

Financing: NYC HPD; NYC HDC; Richman Housing Resources; TD Bank, Citibank

General Contractor: Express Builders

Legal Counsel: Hirshen Singer & Epstein

Development Consultant: Rockabill Consulting

Expediting: Yona Love Associates

READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.
CRE Guide Featured Company: Merritt Environmental Consulting Corp.

CRE Guide Featured Company: Merritt Environmental Consulting Corp.

Merritt Environmental Consulting Corp. (MECC) was established in June of 2009 after being part of a larger engineering firm for almost 20 years. The focus of the company is to assist lending institutions, attorneys, real estate investors, and property owners with environmental concerns. Today, MECC has offices in New York, Florida, and Vermont and has grown into a regional consulting firm serving clients along the East Coast.
From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

From vacancy to vitality: How adaptive reuse is reshaping Long Island’s CRE landscape - by Andrea Tsoukalas Curto

Adaptive reuse has become one of the most important conversations in commercial real estate today. Long Island has a large inventory of aging retail, office and industrial
2026 Developing Queens: Long Island Board of Realtors  advances commercial growth and advocacy in Queens

2026 Developing Queens: Long Island Board of Realtors advances commercial growth and advocacy in Queens

The Long Island Board of Realtors (LIBOR) Commercial Network continues to play a key role in advancing opportunities and strengthening the commercial real estate landscape across Queens. Through targeted programming and global outreach