Recent News

The 30-Minute Interview: David Kramer

“As a real estate person having a six-hour walk through the five boroughs is a great way to spend the day and see different buildings. One time when I was walking, I saw a retail tenant that I wanted to recruit to the J Condo in Dumbo, called Choice Market. So while I was walking the marathon, I thought, I’m going to go in and give the guy a quick pitch. I go into Choice Market and it is packed. I’m on a long line and the guy I’m trying to pitch is incredibly busy. After a while I’m thinking, what am I doing here? I’m in a race. So I left.”

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Dumont Green – Bank of America TV Commercial

Roosevelt Island Shops for More Stores

Exit the F train station on Roosevelt Island and the scene could resemble many other Manhattan residential neighborhoods. A Starbucks, a Duane Reade, pizza and sushi places, an upscale sports bar and other retail businesses occupy eight spaces in Riverwalk, one of the newest developments on the narrow, two-mile-long island.

But a larger group of stores in older buildings farther north along the island’s drab Main Street corridor isn’t doing as well, with more than a quarter of its 34 shops vacant. Residents can cite a laundry list of businesses they would like to see open in the area.
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Work Commences on Groundbreaking Green Affordable Housing Project in Brooklyn

If you’re thinking the affordable housing sector is playing catch-up in the green movement, think again. Ground has just broken on Gateway Elton Street 1, the first of a three-phase affordable housing project in Brooklyn, and when it reaches completion it will carry the distinction of having the largest solar energy system on a residential development in the state of New York.
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Roosevelt Island gains favor as residential spot

When two developers completed the first luxury condo development on the southern end of Roosevelt Island in 2005, they faced a huge challenge: convincing New Yorkers to actually move there.

Today, execs at The Hudson Cos. and The Related Cos. don’t have to worry about the area’s appeal. Their most recent high-end projects are doing well. Riverwalk Crossing, a 2-year-old, 242-unit rental tower, is fully leased; Riverwalk Court—their latest condo, with 123 units—is nearly 75% sold.
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