Riverhead and Amityville, a pair of small towns in Suffolk County, Long Island, are the latest recipients of a $10 million Downtown Revitalization Initiative (DRI) award from New York State agencies. The initiative is described as an economic development program and is backed by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA.
The Hudson Companies, St. Nicks Alliance, and Project Renewal have closed on a $66 million construction loan for phase one of the Greenpoint Hospital Campus redevelopment project. Located in East Williamsburg, Brooklyn, the 3.4-acre site is bounded by Masbeth, Skillman, and Debevoise Avenues and has sat vacant since the early 1980s.
Manhattan’s Chinatown neighborhood is the latest recipient of a $20 million award from New York State’s Downtown Revitalization Initiative, an economic development program led by the Department of State, Empire State Development, the New York State Homes and Community Renewal, and NYSERDA. The award will support 11 projects across the neighborhood that will improve streetscape connectivity and support the creation of new public gathering spaces, community facilities, and public artworks.
Sage Realty has announced a membership-based amenity program in select office properties owned and operated by the William Kaufman Organization. The Oasis-branded program will first debut at 437 Madison Avenue and 767 Third Avenue, two high-rise commercial buildings in Midtown East, Manhattan.
Local officials from the Town of Mount Pleasant unanimously approved zoning amendments that will facilitate the construction of North 80, a three-million-square-foot science and technology village. Located in Valhalla, a hamlet within Westchester County, the development will take shape next to the Westchester Medical Center, New York Medical College, and near the expansive Regeneron Pharmaceuticals complex.
