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Hudson Companies on the Winning Bronxchester Team

Mayor Bloomberg, Bronx BP Diaz, NYC Councilmember Arroyo, HPD Comm. Visnauskas and HDC President Jahr announce the La Central team for the Bronxchester RFP site. Geoff Flournoy of BRP Development and Aaron Koffman of The Hudson Companies spoke on behalf of the Development Team.

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Mayor Bloomberg, Cornell President Skorton and Technion President Lavie Officially Transfer 12 Acres of Roosevelt Island to Cornell Tech

Construction on a Sustainable, Innovative Technology Campus Will Begin in January; First Phase to Open in 2017. Project is a Key Piece of the Mayor’s Applied Sciences NYC Initiative, Designed to Transform New York City’s Innovation Economy.

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Pension Funds Investing $500 Million in Sandy Redevelopment

City Comptroller John C. Liu today announced that four of the five New York City pension funds have voted to invest $500 million in residential and commercial real estate, focused in areas affected by Superstorm Sandy. With leverage, it is anticipated that this will result in a $1.5 billion capital infusion for potentially 3,000 units of housing and 150,000 to 200,000 square feet of commercial space. The investment is pending approval tomorrow by the New York City Fire Department Pension Fund. The investments will be made by two newly formed partnerships with Related Companies and the Hudson Companies Incorporated, which the Funds will provide with $300 million and $200 million respectively.

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Governor Cuomo, Mayor Bloomberg Announce Plans for New Urban League Empowerment Center in Heart of Harlem

Governor Andrew M. Cuomo and Mayor Michael R. Bloomberg today announced the first details of a landmark project to transform an underutilized area in the heart of Harlem into the Urban League Empowerment Center, a hub for arts, culture, retail and community use. The Center will include space for arts, culture, retail, and community use, playing a major role in Harlem’s ongoing renaissance, and will enable Harlem to house the first civil rights museum in New York State. The project will be led by the Hudson Companies, BRP Development Corporation, and the National Urban League.

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Gateway Elton: Solar Makes NYC Affordable Housing Even More So

Solar power in New York City has a tony reputation. But one of the fastest growing sectors for residential solar in the city is affordable housing—housing built with the budgetary and social service needs of lower-income residents in mind. That growth is in evidence this week, as tenants move into the new Gateway Elton, a 197-unit affordable housing development in Brooklyn’s East New York neighborhood. “You can see the panels from the street,” Aaron Koffman of the Hudson Companies Inc. says proudly. With the Brooklyn-based non-profit CAMBA, Hudson developed the complex. At 214 kilowatts, Gateway Elton’s solar array is the largest residential array in all of New York state. In my borough, Brooklyn. Fantastic!

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