The new joint venture ABS R.D. Geronimo Valuation Services LLC will provide real estate advisory services including valuation and appraisals.

BLVD Gramercy East and BLVD Flats will open in Spring 2020.

"Given the current evolution, shopping malls are going to look different over the next 20 years – likely with smaller anchor stores, more entertainment concepts and restaurants, more experiences for shoppers, and daily service providers such as gyms, grocers, medical offices and even day care providers."

Secretary of Health Dr. Rachel Levine announced the agreement late last week. The temporary manager, Pinnacle Healthcare Consulting, will remain in place until the department determines it is no longer necessary.