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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Designed by Stephen B. Jacobs Group, 222 W80, as the 72-unit building is called, does offer renters a lot for their money. All units in the building are sized for families, with either two or three bedrooms and at least two baths.
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A little over four years after the project was first announced, leasing is now underway on the 26-story building at the intersection of Hoyt and Livington Streets, in Downtown Brooklyn.
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Amy Rose, who previously served as co-president alongside her cousin Adam, is the company’s new CEO, the New York Post reported. Adam, who’s worked for the company since 1983, is stepping back from his operational role and becoming vice chairman.
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Amy Rose, who previously shared the title of co-president with her cousin Adam R. Rose, has been named the first chief executive officer in the firm’s 90-year history.
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