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Brookfield has released renderings of its massive project on the South Bronx waterfront, dubbed "Bankside," The Real Deal reported. The $950 million development will span 4.3 acres and include more than 1,350 apartments, 30 percent of which will be affordable. It will feature a public waterfront park and promenade, along with 15,000 square feet of retail that will include space for Project Destined, a nonprofit focused on training people in financial literacy, health and leadership. Bankside will be located at 2401 Third Avenue and 101 Lincoln Avenue in Mott Haven, which Brookfield purchased last year from Somerset Partners and the Chetrit Group for $165 million.
The City Council has given the OK for a Queens development that will mark the largest private construction of affordable housing under the de Blasio administration, Crain's New York reported. Arker Cos.-the developer-plans to start construction next year on Edgemere Commons, which will bring 2,050 units of rent-controlled housing to the former Peninsula Hospital site in Edgemere. Plans also call for 150,000 square feet of retail space, anchored by a Western Beef supermarket. A children's playground and public plaza will be included among 38,000 square feet of open space.
A group of landlords has filed another lawsuit challenging New York's new rent law, alleging that the measure is unconstitutional, The Real Deal reported. The complaint - filed by a group of landlords including Dino, Dimos and Vasiliki Panagoulias - refers to the Housing Stability and Tenant Protection Act of 2019 as a "regulatory scheme" and a "regime in which tenants, not property owners, control who occupies the property, how it is used, and who may be excluded from it." The complaint seeks monetary damages and focuses on the law's impact on individual property owners.
After a slow start, city officials have settled on design plans for a garment manufacturing hub it plans to develop in Sunset Park, Crain's New York reported. The city's Economic Development Corp. released renderings Thursday for the garment-focused portion of its planned $136 million Made in NY Campus at Bush Terminal. The city announced the plan in 2017, but the actual plans have inched along. The center will eventually include 200,000 square feet dedicated to textile manufacturing and another 100,000 square feet for a new film and TV production studio.
An urgent care center with dozens of locations across the city will open an 18,000-square-foot flagship in the base of a newly built development in the Mott Haven section of the Bronx, the Commercial Observer reported. Essen Health Care signed a 15-year lease for space in the third building of Douglaston Development's residential project Crossroads Plaza at 828 East 149th Street between Union Avenue and Southern Boulevard, the landlord said. Asking rent was $23 per square foot. "The deal is significant because there are no significant urgent care facilities and limited medical and dental offices in the nearby area," Russell Lang, a senior vice president at Douglaston, said in a statement.
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