I-sales Recap: Midtown Office Building Sells for $1M Loss therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
The new building part of the broader Peninsula redevelopment will be home to 183 apartments for low-income tenants and cultural arts center with studio spaces for individual artists. That building is the first stage of a project that’s expected to produce a total of 740 affordable apartments, a supermarket and an early childhood education center.
New York City Mayor Eric Adams has announced the completion of the first phase of a five-acre redevelopment project called The Peninsula. The project will bring hundreds of affordable homes and community amenities to the former site of the Spofford Juvenile Detention.