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Recent News

Affordable Island in the Sun: Roosevelt Island Maintains Its Mix

When completed, the Riverwalk residential complex on Roosevelt Island will have 2,000 units, 800 of which will be classified as affordable. Development has progressed with the island’s character in mind.

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Gateway Elton Named AEE 2014 Renewable Energy Project of the Year

Gateway Elton Street, Hudson Companies’ 3-phase, 8-building, multifamily housing development located in Brooklyn, has been recognized as AEE’s (Association of Energy Engineers’) 2014 Renewable Energy Project of the year. The site’s solar electric system will, upon completion of all three phases, contain 1 megawatt of generating capacity, making it the largest residential solar photovoltaic installation in New York State.

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Hudson Companies on the Winning Bronxchester Team

Mayor Bloomberg, Bronx BP Diaz, NYC Councilmember Arroyo, HPD Comm. Visnauskas and HDC President Jahr announce the La Central team for the Bronxchester RFP site. Geoff Flournoy of BRP Development and Aaron Koffman of The Hudson Companies spoke on behalf of the Development Team.

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Mayor Bloomberg, Cornell President Skorton and Technion President Lavie Officially Transfer 12 Acres of Roosevelt Island to Cornell Tech

Construction on a Sustainable, Innovative Technology Campus Will Begin in January; First Phase to Open in 2017. Project is a Key Piece of the Mayor’s Applied Sciences NYC Initiative, Designed to Transform New York City’s Innovation Economy.

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Pension Funds Investing $500 Million in Sandy Redevelopment

City Comptroller John C. Liu today announced that four of the five New York City pension funds have voted to invest $500 million in residential and commercial real estate, focused in areas affected by Superstorm Sandy. With leverage, it is anticipated that this will result in a $1.5 billion capital infusion for potentially 3,000 units of housing and 150,000 to 200,000 square feet of commercial space. The investment is pending approval tomorrow by the New York City Fire Department Pension Fund. The investments will be made by two newly formed partnerships with Related Companies and the Hudson Companies Incorporated, which the Funds will provide with $300 million and $200 million respectively.

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