Articles by Max Gillespie

NYCHA Announces Completion Of More Than 800 Renovation Projects Totaling Over $5.1 Billion

The New York City Housing Authority (NYCHA) has announced that it has completed more than 800 capital construction projects across its public housing portfolio over the past five years, representing over $5.1 billion in investment. The work, carried out across properties in all five boroughs of New York City, has included major upgrades to building systems, apartments, and open spaces. The Authority reported that annual capital expenditures reached $1.25 billion in 2025, the highest level of annual spending in recent years.

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Reconstruction Plans Announced For Ten Parks Across New York City

Mayor Zohran Mamdani has announced a $50 million capital investment to reconstruct ten parks across New York City as part of the Community Parks Initiative, a program focused on improving parks in historically underserved neighborhoods. The funding, included in the city’s Fiscal Year 2027 capital plan, will support upgrades in parks across all five boroughs and is expected to benefit more than 116,000 residents who live near the selected sites.

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Efforts Resume to Advance Sunnyside Yard Affordable Housing Project In Sunnyside, Queens

New York City officials are again advancing plans for a large-scale development above Sunnyside Yard in Sunnyside, Queens following a recent meeting between Mayor Zohran Mamdani and President Donald Trump aimed at securing federal support for the project. The proposal centers on decking over the rail facility, a 180-acre rail yard used by Amtrak, the Long Island Rail Road, and New Jersey Transit. The site has long been identified by the city as one of the largest potential housing development opportunities in New York City.

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LPC To Review West Park Presbyterian Church’s Rebuttal for 165 West 86th Street on Manhattan’s Upper West Side

The New York City Landmarks Preservation Commission (LPC) is reviewing a rebuttal from the West Park Presbyterian Church at 165 West 86th Street on Manhattan’s Upper West Side. The filing, submitted by counsel for the West Park Administrative Commission, responds to opposition raised by The Center at West Park and addresses claims concerning financial feasibility, transferable development rights, and the statutory hardship standards under the landmarks law. The Church has a binding contract to sell the landmarked property to Alchemy Properties contingent upon LPC approval of the hardship application. The property is located at the corner of West 86th Street and Amsterdam Avenue.

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$40 Million Refinancing Secured For 99 Hudson Street In Tribeca, Manhattan

JLL Capital Markets has arranged a $40 million refinancing for 99 Hudson Street, a 183,958-square-foot office building in Tribeca, Manhattan. The borrower is an affiliate of Olshan Properties, a privately held real estate investment firm. Built in 1930, the 17-story Class B office building has been owned by Olshan since 1983. The property is located at the corner of Hudson and Franklin Streets.

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