New York City Mayor Eric Adams said Friday the city will move forward with Fordham Landing South, a transformative affordable housing development along the Bronx waterfront that will create more than 900 affordable homes for New Yorkers. Alongside developers Dynamic Star and Lettire, the Adams administration will advance the project along an underused stretch of the Harlem River, resulting in a new mixed-use community with approximately 927 affordable homes and waterfront public access area.
“With today’s announcement, the long-held dream of transforming this neglected stretch of Bronx waterfront into a vibrant, accessible community is finally becoming a reality,” said Gary Segal, co-founder and CEO, Dynamic Star.
The 927 affordable units will serve a variety of income levels. The project will be financed in part by the New York City Department of Housing Preservation and Development. It has also received a $55-million award from New York State to assist with site infrastructure.
Buy, Build, Sell, Hold – The clock’s ticking! Be in the room when forward thinking developers and investors explain how they are capitalizing on market shifts—new construction, repositionings, acquisitions, and more. Register to attend Connect Texas Multifamily and be there to hear how the industry leaders are turning today’s challenges into long-term opportunity and positioning for the next wave of multifamily growth. www.ConnectTXMF2025.com | EVENT DATE: Thursday, August 28th | VENUE: The Joule, Dallas
The development team behind One Beverly Hills (1BH) said construction on the $10-billion luxury mixed-use project is proceeding ahead of schedule. The Beverly Hilton expansion structure topped out approximately 10 weeks ahead of schedule and one of the residential towers is progressing six weeks ahead. “This was accomplished while significant operations were maintained at The...
Learn more
Northwind Group has originated a $231-million first mortgage construction loan for 675 Third Ave., a 32-story, 337,000-square-foot office building in Manhattan’s Midtown East neighborhood that is slated for conversion into residential apartments. The conversion is being led by a joint venture between Nathan Berman’s Metro Loft Management and David Werner Real Estate Investments. Loan proceeds...
Learn more
Rental housing affordability declined in 82% of U.S. metropolitan areas between 2014 and 2023, with renters experiencing the equivalent of an average $256 annual reduction in income after accounting for changes in housing quality. That’s according to a new report released Tuesday by the Mortgage Bankers Association’s Research Institute for Housing America. The report, Housing...
Learn moreRe/Max Real Estate Professionals
Central CA Commercial | California
Recckio Real Estate & Development
Northgate Real Estate Group
California
California