(Read more on the multifamilymarket.)
NEW YORK CITY-Making a commitment to affordability extendingover a period of at least 50 years, the Arker Cos. and the DomainCos. have signed a 99-year lease for several century-old buildingson Staten Island's Sea View Hospital Rehabilitation Center andNursing Home campus. The joint venture will convert the buildingsinto 104 units of mixed-income independent living for seniors age62 and older.
The Long Island-based Arker Cos. and the Astoria-based DomainCos. leased the property from the New York City Health andHospitals Corp. to create the $30-million development. The newowners plan to redevelop the landmark buildings, while preservingthe qualities of one of the city's few “Special Natural Districts”and to meet the standards of the New York State HistoricPreservation Office and National Park Service. Renovation work isscheduled to be completed by January 2009. HPD commissioner ShaunDonovan notes that the affordable units will be part of MayorBloomberg's $7.5-billion New Housing Marketplace Plan, to build andpreserve 165,000 units of affordable housing over 10 years.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
