The Hotel at Bellfield will be the first project to be constructed at the proposed $500-million Bellefield at Hyde Park tourism destination proposed for development on 339 acres on Route 9 across from The Culinary Institute of America.
According to a report released by the Real Estate Board of New York, year-to-year total investment sale consideration declined 39% to $18 billion citywide, while the total number of transactions declined 6% to 2,419 in the first half of 2017.
WinnCompanies reports that the AFL-CIO Housing Investment Trust will serve as the financing partner for the redevelopment project that will take place in four phases.
For Toll Brothers the project marks the firm's entrance into the Harrison and Westchester County multifamily markets. For the Town of Harrison and the I-287 office market, the project involves the first conversion of an office building to residential use.
Currently 72% leased, 710 Bridgeport Ave., which is located on a 36-acre campus, offers significant upside through further lease up, while having a strong credit rent roll, including PerkinElmer Health Sciences, Inc. (130,035 square feet) and Panolam Industries International, Inc. (79,000 square feet) that anchor the property, CBRE notes.
The legislation commits the city to provide all low-income tenants facing eviction access to legal representation in housing court. The program overseen by the Civil Justice Coordinator at the Human Resources Administration will serve 400,000 tenants when it is fully implemented in five years.
The BHA picked Boston-based WinnDevelopment over four other proposals to redevelop the Mary Ellen McCormack complex that currently consists of 1,016 deeply subsidized apartments and row houses.
Deitelzweig served as a managing director and head of asset management overseeing a diverse portfolio of office, multifamily and hotel assets across the United States for Building and Land Technology.
At her new position at Thor Equities, Chew will oversee a team responsible for the preparation and review of fund, property and management level accounting and reporting, as well as participate in a number of new technology initiatives, the company states.