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New Affordable Housing Opens in Brooklyn

Elected officials and residents celebrated the completion of the Spring Creek housing. The Gateway Elton Street Phase II development comprises three buildings with 175 affordable, green apartments. Officials say the goal of the project is to keep up with the demand for affordable housing in Brooklyn. Gateway II is part of a multiphase project to bring housing, shopping and restaurants to the area.

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Top 10 biggest real estate projects coming to NYC

Even in the dog days of summer, the city’s developers are hard at work planning new projects, and they’re focusing on the outer boroughs. All of August’s 10 largest permit applications topped 100,000 square feet, but only the month’s biggest new project – Sheldon Solow’s 42-story mixed-use tower at 685 1st Street in Midtown East – is planned for Manhattan.

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David Kramer’s Hudson Companies Is Making Waves in Brooklyn—Starting With a New Library

While some development companies try to veer away from problem projects, Hudson Companies steers toward them.

“We tend to be more successful when the project has some hair on it—there’s some complication,” said David Kramer, the president of Hudson. “That’s where we have a competitive advantage, I think.”

Since the firm’s inception in 1986, Hudson has completed 46 projects with 5,421 units—and it has another 16 projects with 4,875 units in development, under construction or in the pipeline. Much of what the firm is involved in is in Kings County.

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NYC HDC 2014 Annual Report Features Gateway Elton

According to HDC president Gary Rodney, “We cannot approach housing production building by building or unit by unit; our vision is to work community by community and neighborhood by neighborhood.” The Gateway Elton project is an example of this approach in action.

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Island blossoming under latest Riverwalk addition

When you first arrive on Roosevelt Island, you could easily believe that you’ve stumbled upon a studio back-lot. At the very least, you couldn’t possibly still be in Manhattan. The narrow strip of land offers visitors beautiful waterfront views and a small town-like atmosphere, which abuts to the stark contrast of the city’s skyline.

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