468-unit complex to be redeveloped from vacant 13-story office building
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Rose Associates, the New York-based multifamily real estate developer, has broken ground on three new rental properties located in Long Island City, White Plains and Yonkers. Rose and its partners are in the early stages of construction at these properties that total more than 1,000 apartments.
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New York’s Real Estate and Construction Council is throwing its weight behind the rebuilding of the city’s cultural landscape. The group hosted the first in-person, live performance celebration at Lincoln Center since it was forced to cancel its programs and close its doors to the public last March.
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June 22, 2021 - Spotlights Name: Dawn Curto Title: Managing Director, Multifamily Company Name: Rose Property Management Group
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Some of the city’s largest property owners have created a new fund to help keep vulnerable New Yorkers impacted by the Covid-19 crisis in their homes. Called Project Parachute, the fund has been launched with $4 million in contributions from companies including LeFrak, Durst, Resnick and Rose.
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Despite tremendous challenges during times of uncertainty, the housing market remains resistant to recessions because one thing remains true, people will always need a place to live. Owners and operators are now stepping up to the task of supporting new demanding tenant needs, finding solutions to health concerns within a property, strategizing for the long term, and positioning their portfolio to withstand a downturn that is yet to be understood.
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Rose Associates is responsible for development of the seven-story building. where 75 percent of the units will be studio and one-bedroom apartments. Ten percent of units will debut as affordable homes. In addition to residential area, the project will include 443 parking spaces and 25,000 square feet of open space including a landscaped public esplanade with access to the Hudson River waterfront and unobstructed views of the Palisades.
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DTH Capital and Rose Associates secured $386 million to refinance the 66-story tower that now goes by the address of 70 Pine Street, brokers who negotiated the loan told The Real Deal.
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We’re here to celebrate the accomplishments of the past year, most importantly [it’s] an incredibly diverse representation of our industry being honored...
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Get into the Holiday Spirit at 70 Pine!!! Bring your friends and family to the 70 Pine Holiday Market where local vendors and artists will be showing and selling their crafts.
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"The ability to help create the physical landscape of this city is something to be cherished. I will never tire of identifying ways to enhance our residents’ quality of life and to meet their needs, which are always evolving"
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