Gateway Elton Street

Gateway Elton Street


Riverwalk at Roosevelt Island

Public-Private Partnerships

Hudson frequently partners with public agencies to undertake developments that achieve public goals with a market-driven perspective and private sector cost-effectiveness. These projects present unique challenges, including undeveloped infrastructure, unusual legal requirements, discretionary approvals, phasing of multiple buildings and uses, utilization of a variety of public and private financing sources, unsubstantiated market demand, and often a high degree of local community review and approval.

In addition to bringing the customary range of development skills to bear on these issues, Hudson has often gone the extra mile to demonstrate the flexibility and determination necessary to successfully surmount unusual challenges. Many of Hudson’s principals and staff have backgrounds in urban planning and local government, which supports Hudson’s ability to understand the unique needs and goals of its public clients and collaborate effectively to achieve them.

To date, Hudson has completed over 3,000 units of housing at more than 20 sites developed through public-private partnerships. An additional 1,500 units are in the pipeline.

  • Riverwalk s a nine-building project on Roosevelt Island that Hudson is developing in partnership with The Related Companies. Hudson and Related were selected through an RFQ process by the public sponsor, the Roosevelt Island Operating Corp., a State agency. At build-out,Riverwalk will contain approximately 2,000 rental and ownership units. The first six buildings, new streets, town commons, retail facilities and the playing fields have been completed. The seventh building will be ready for occupancy in 2015.
  • Hudson is one of the City’s most prolific builders of new one-to-three family homes under NYC Dept. of Housing Preservation and Development (NYCHPD)’s New Homes Program, having completed over 1,800 units. Under this program, Hudson has worked closely with the non-profit NYC Housing Partnership, NYCHPD, the NYS Affordable Housing Corporation, and numerous community-based organizations to plan, design, construct and market these affordable new homes.
  • At Gateway Elton Street, Hudson finished construction on the first 4 of a total of 8 affordable residential buildings with ground floor community and retail space, in a project sponsored by the NYCHPD adjacent to Related’s Gateway Shopping Center. The second phase of 3 buildings broke ground in 2013.
  • Hudson is leading a team of four developers to create a new nine-building community called Gowanus Green on a City-owned former brownfield site located along Brooklyn’s Gowanus Canal. Along with 774 units of mixed-income housing over community and retail space, the project will include new streets, open space, and a waterfront promenade. Great care is being taken to address flood resiliency as well as stormwater sewer issues.

Site design by Naiad Design