Mayor Mamdani Outlines ‘Block By Block’ Plan For Affordable Housing Construction

By Max Gillespie

New York City Mayor Zohran Mamdani on Thursday highlighted key elements of “Block by Block,” the administration’s housing strategy aimed at addressing the city’s affordability crisis through the creation and preservation of affordable housing. The plan sets a goal of producing 200,000 new affordable homes over the next decade and is paired with nearly $5 billion in funding over the next two years for new rent-stabilized affordable housing, including dedicated investments in senior and supportive housing.

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Hudson Valley Shakespeare Opens New Samuel H. Scripps Theater Center in Garrison, New York

By Vanessa Londono

Hudson Valley Shakespeare has officially opened the new Samuel H. Scripps Theater Center in Garrison, New York, marking the completion of a transformative six-year capital project that establishes the acclaimed theater company’s first permanent home. The ribbon-cutting ceremony, held on May 14, welcomed civic leaders, project partners, artists, and supporters to the newly completed 98-acre campus overlooking the Hudson Highlands.

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383 Madison Avenue. Rendering courtesy of JPMorgan.

New Façade Begins Installation on JPMorgan Chase’s 383 Madison Avenue in Midtown East, Manhattan

By Michael Young and Matt Pruznick

Renovation and recladding is quickly progressing at 383 Madison Avenue, a 47-story office skyscraper in Midtown East, Manhattan. Designed by Skidmore, Owings & Merrill along with Foster + Partners and Gensler, the original curtain wall for the 755-foot-tall structure’s façade is being replaced, while the 1.2 million square feet of office space is being revamped to serve the banking investment division of JPMorgan Chase. Formerly known as the Bear Stearns Building, the tower was originally designed by David Childs of SOM and completed in 2001. The property is bounded by Madison and Vanderbilt Avenues and East 46th and East 47th Streets, and stands directly south of the financial institution’s recently completed headquarters at 270 Park Avenue.

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