Final building of Roosevelt Island’s Riverwalk neighborhood closed on by two companies | amNewYork

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A closing on the $185 million in construction financing was announced by Related Companies and The Hudson Companies on Nov. 14 for the ninth Riverwalk building.

building. The addition to the development in the Riverwalk neighborhood on Roosevelt Island will include workforce housing for Memorial Sloan Kettering Cancer Center employees as well as rental apartments and office spaces.

“The start of work on Riverwalk 9 marks the culmination of a quarter century of work with our partner to build an entirely new and thriving neighborhood on Roosevelt Island,” said Chief Executive Officer of The Hudson Companies David Kramer in a press release statement. “From our first planning meetings in 1997, we set out to bring these 19 undeveloped acres to life through mixed-income rental, condominium and institutional housing, dynamic retail and beautiful new public open space.

The entirety of the Riverwalk complex will total nine buildings that hold more than 2,000 condominium and rental apartments, 40 percent of which are affordable. Other housing options in each of the nine residential buildings include hundreds of institutional workforce apartments for employees of MSK, Weill Cornell Medicine and others being offered at a range of income levels.

 

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it's a pity that it's so much higher than the other buildings & will block a lot of the SE sun for others. I also wouldn't want to be on one of the high floors with the helicopter traffic around the QBB. the seaplanes may also need to change their flight paths next summer.

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