- Affordable Housing
- New Construction
- Public-Private Partnerships
- Joint Venture Development
- Transit-Oriented Development
- Native Landscape Plantings
- Rainwater Harvesting
Mixed-Income Housing in a New Neighborhood on Roosevelt Island
Riverwalk 8 is the eighth building completed by Hudson and the Related Companies in the Riverwalk neighborhood. The building’s 341 units are available exclusively to low-income, middle, and moderate income households ranging from 40 to 165% of AMI. The building contains a fitness center, yoga studio, children’s playroom, bike storage, party lounge, game room, library, and a 24-hour attended lobby.
In 1997, the Roosevelt Island Operating Corporation (RIOC) designated Hudson and the Related Companies to create a new neighborhood that would fulfill the island’s General Development Plan designed by Philip Johnson and John Burgee. Today the development provides high-quality housing, open space, and neighborhood-serving retail that is a short subway and tram ride away from Manhattan’s Upper East Side and one-ferry ride from Astoria and Long Island City.
In conjunction with Citibank, Riverwalk 8 was financed through city capital from HPD, HDC, and HCR as well as with Low-Income Housing Tax Credits syndicated by WNC.
Upon completion, the Riverwalk neighborhood will consist of approximately 2,000 residential units across 9 buildings with 40% of the total units affordable to residents earning less than 148% of AMI.
PROJECT TEAM: HANDEL ARCHITECTS, MONADNOCK CONSTRUCTION, CITI COMMUNITY CAPITAL (Additional Finance Partners Above)