(Save thedate: RealShareNew York comes to the Grand Hyatt, NewYork, NY, October 9.)
NEW YORK CITY-The Bloomberg administration’s New HousingMarketplace Plan is on track to achieve its goal ofcreating or preserving 165,000 units of affordable housing by theend of fiscal 2014, city officials said Thursday. “We are 85% ofthe way to the finish line and I am confident that we will meet ourgoal,” Mathew Wambua, Housing Preservation andDevelopment commissioner, said in a statement.
Wambua, Mayor Michael Bloomberg andRobert Steel, deputy mayor for economicdevelopment, hoisted ceremonial shovels Thursday at thegroundbreaking for the latest NHMP project, a 124-unitredevelopment of a former brownfield site at 44 W. 155th St. in theSugar Hill district of West Harlem. The 13-story Sugar Hill projectwill be built to LEED Silver standards; construction is expected tobe completed in the spring of 2014.
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Paul Bubny
Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.
