• Press Release from Comptroller Liu, February 26, 2013

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.

Read more »

• Office of Governor Cuomo, Press Release, February 22, 2013

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.

Read more »

• Switchboard, Natural Resources Defense Council Staff Blog, January 29, 2013

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!

Read more »

• The New York Times, January 24, 2013

On a hunt for a new home, a couple visits the Knick on Knickerbocker Avenue in Bushwick and finds that “the apartments in the building, a conversion that had long been mostly vacant, were modern and pristine.” The last two-bedroom they saw there, on the ground floor, had 1,100 square feet and “a real backyard with dirt and trees,” Ms. Bean said. Stepping outside, “that’s when we had the moment of knowing that this is the place for us.”

Read more »

• Real Estate Weekly, September 19, 2012

The Hudson Companies Inc., Related and CAMBA have started work on the biggest solar power project of its type in the state.

The development partners are building a 214,000 watt solar electric photovoltaic (PV) system at Gateway Elton Phase I, their 197-unit mixed-use affordable housing development in the Spring Creek section of Brooklyn.

Read more »