Recent News

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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The Hunt: ‘Something New and Sparkly’

Having lived primarily in postwar high-rises, Jordan Kingston envisioned a charming brownstone as her next home. An entire ground floor would be best, with a garden out back and a “welcoming door that I could put a wreath on” for the holidays, she said.

But, after a few weeks of apartment-hunting, she and her husband, Michael, discovered that charming often went along with impractical. “We didn’t have money to pour into updating an old brownstone,” Ms. Kingston said. “And older buildings, pretty as they are, come with flaws.”
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