(To read more on the multifamily market, click here.)
NEW YORK CITY-The Port Authority Board of Commissioners voted toapprove a transaction with the Dermot Co. Inc. and EquityResidential to develop two apartment buildings in the Hudson Yardsarea. The estimated cost is more than $450 million.
The firms will also develop the approach ramps on Dyer Avenuebetween 36th and 38th streets. The development will involveconstruction of platforms over the Lincoln Tunnel entrance and exitramps. The two 18-story rental apartment buildings will be on topof the platforms.
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