The New York City Department of Housing Preservation and Development has selected a development team to transform a long-vacant public site in Hunter’s Point South into The Orion, a large mixed-use housing and community development in Long Island City. The selected team includes Slate Property Group, The Hudson Companies and Volunteers of America–Greater New York. Marvel Architects will lead the design, while Commonpoint Queens will operate several of the proposed community f

Slate Property Group and RiseBoro Community Partnership have closed on acquisition and construction financing for two affordable and supportive housing developments in Williamsburg, Brooklyn. According to Commercial Observer, the development team secured a $162.9 million loan to build the projects at 178 Montrose Avenue and 73 Meserole Street. JPMorgan Chase originated the financing, which was arranged by the New York City Housing Development Corporation. The broader financin

Apex Building Group and L+M Development Partners have secured more than $217 million in financing for the third phase of Alafia, a large-scale affordable housing community in the Spring Creek section of East New York, Brooklyn. Developed in partnership with RiseBoro Community Partnership and Services for the UnderServed, Alafia Phase III will include two residential buildings with a combined 273 affordable apartments. The phase is expected to be completed in 2029. According t