News: Brokerage

SWBR serves as lead architect on $7.2 million wing of Syracuse’s Rescue Mission

Syracuse, NY Syracuse’s Rescue Mission opened a $7.2 million wing that will, for the first time, open the shelter to women as well as men. Serving as the lead architect, SWBR Architects was responsible for moving the shelter and day center to the recreation center, which opened the shelter for more single rooms. This new building at the Rescue is located at 122 Dickerson St. and will be open 24 hours. The renovations add 51 beds to make the total number of beds on-site 183. It houses mental-health services, health services, technology access, such as iPads, laundry and a fitness center in the new building. Rescue Mission also announced that it will receive $8 million in state money for 68 apartments for homeless men and women. The money will fund half of a new facility on Rescue Mission’s Syracuse campus. The cost of the building will be $16 million.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Strategic pause - by Shallini Mehra and Chirag Doshi

Strategic pause - by Shallini Mehra and Chirag Doshi

Many investors are in a period of strategic pause as New York City’s mayoral race approaches. A major inflection point came with the Democratic primary victory of Zohran Mamdani, a staunch tenant advocate, with a progressive housing platform which supports rent freezes for rent
AI comes to public relations, but be cautious, experts say - by Harry Zlokower

AI comes to public relations, but be cautious, experts say - by Harry Zlokower

Last month Bisnow scheduled the New York AI & Technology cocktail event on commercial real estate, moderated by Tal Kerret, president, Silverstein Properties, and including tech officers from Rudin Management, Silverstein Properties, structural engineering company Thornton Tomasetti and the founder of Overlay Capital Build,
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,