Deputy Mayor Glen, Commissioner Torres-Springer Announce Grand Opening of Affordable Rental Apartments at 15 Bridge Park in Brooklyn with Ribbon Cutting Ceremony
New York – February 26, 2019 – New York City Deputy Mayor for Housing and Economic Development Alicia Glen and NYC Housing Preservation and Development Commissioner Torres-Springer announced today the grand opening of 100 newly constructed units of affordable housing in Brooklyn Heights. They were joined by RAL Development Services, Oliver’s Realty Group, Brooklyn Bridge Park President Eric Landau and members of the community to celebrate the opening of 15 Bridge Park Drive, the new rental apartment building at Pier 6 in Brooklyn Bridge Park. The new building, developed by RAL Development Services and Oliver’s Realty Group in partnership with Brooklyn Bridge Park, brings 100 newly constructed affordable units to this waterfront location in Brooklyn, along with 40 market rate apartments.
“In New York City, we’re preserving and building affordable housing at rates that far outpace any other city and even most states. New York City has been a leader in the creation of affordable housing and we are proud to celebrate the opening of another 100 affordable units here in Brooklyn.” said Deputy Mayor Alicia Glen.
“From the outset, this administration has seized every opportunity to create more affordable housing across our city’s neighborhoods,” said HPD Commissioner Maria Torres-Springer. “Of the 140 beautiful new apartments at 15 Bridge Park, 100 are affordable to low- and middle-income New Yorkers for the next ninety years – a testament to the vision and fortitude of Deputy Mayor Alicia Glen. I want to thank Brooklyn Bridge Park, RAL Development Services, and all our elected officials for partnering with us to achieve a more inclusive and equitable city.”
“The opening of this building marks an important achievement for our City and the Park. We are proud to be a part of the Mayor’s ambitious goal to create more affordable housing for New Yorkers, and look forward to welcoming all of our new neighbors.” said Eric Landau, President of Brooklyn Bridge Park.
“We’re incredibly excited to open 15 Bridge Park Drive because we believe it sets an example of what affordable housing can be,” said Spencer Levine, Managing Director of RAL. “The property offers everything that a fully market rate building does, in a practically unmatched location with easy access to all the amenities that make the Brooklyn waterfront great.”
The 15-story building’s affordable rentals were introduced in partnership with Brooklyn Bridge Park and serve New Yorkers earning less than 80, 130, and 165 percent of the area median income (AMI). All of the incoming residents will have access to the fitness center, children’s playroom, and rooftop terrace.
The affordable housing is part of the Mayor’s housing plan, which was accelerated and expanded through Housing New York 2.0 to achieve 300,000 affordable homes by 2026. The City has financed almost 122,000 affordable apartments since 2014.
15 Bridge Park Drive is one of the two buildings RAL has developed at Pier 6 in partnership with Oliver’s Realty Group. ODA Architects designed both 15 Bridge Park Drive and the neighboring Quay Tower condominiums. The design concept for the project stems from the history of the neighborhood, merging its past as a manufacturing hub and its present as one of the city’s most sought-after residential areas. Construction was managed by Suffolk, who employed union labor throughout the project. The building will be operated with union labor from 32BJ SEIU, the largest union of property service workers in the U.S.
On top of unrivaled views of the Manhattan skyline and both the Brooklyn and Manhattan bridges, 15 Bridge Park is conveniently located a few minutes from Downtown Brooklyn, offering access to multiple mass transit alternatives including the A, C, F, G, N, R, W, 2, and 3 trains. The neighborhood is also home to a myriad of amenities, including restaurants, shops, and cafés.
About Brooklyn Bridge Park
Brooklyn Bridge Park Corporation, known as Brooklyn Bridge Park (BBP), is the not-for-profit entity responsible for the planning, construction, maintenance and operation of Brooklyn Bridge Park, an 85-acre sustainable waterfront park spanning 1.3 miles along Brooklyn’s East River shoreline. As steward of the park, BBP has transformed this previously deteriorated stretch of waterfront into a world-class park where the public can gather, play, relax and enjoy sweeping views of New York Harbor. The self-sustaining park was designed by the award-winning firm of Michael Van Valkenburgh Associates, Inc. and features expansive lawns, rolling hills, waterfront promenades, innovative playgrounds, a greenway, sports facilities and the popular Jane’s Carousel. BBP serves thousands of people on any given seasonal day, who come to picnic, walk their dog, play soccer, jog, bike or roller skate. Brooklyn Bridge Park is a signature public investment for the 21st Century and will be an enduring legacy for the communities, elected officials and public servants who made it happen.
About RAL Development Services
RAL Development Services LLC (RAL), http://ralcompanies.com/, is a real estate development firm with a three-generation, 38-year track record of success in building complex, high-profile projects nationally and internationally. RAL’s multidisciplinary in-house expertise includes predevelopment and approvals, urban planning, architecture and design, finance, construction management, landscape architecture, marketing and leasing, and property management. RAL operates both as a principal owner/developer and as an owner’s representative, bringing its expertise to residential, commercial, mixed-use, planned communities, Resorts and hospitality, and other property types. RAL prides itself on its dedication to the communities it works with, creating strong and lasting relationships with local constituencies wherever they build, as well as employing union labor and collaborating with MWBE contractors when possible. RAL uses and believes in cutting-edge processes and technologies, but never substitutes them for the experience, ingenuity, creativity, passion, leadership, and professional judgment provided by its people.
About OLIVER’S REALTY GROUP
Oliver’s Realty Group builds on founder and Managing Partner David J. Wine’s three decades of real estate expertise. Mr. Wine has been responsible for guiding and overseeing the design, sale/leasing and marketing strategies for a portfolio of luxury rental and for-sale developments containing in excess of 25,000 units which are valued at over $8 billion, including some of Manhattan’s most critically acclaimed rental and condominium developments. Some of the standout New York luxury projects that Mr. Wine directed include the Residences at Time Warner Center, The Chatham, The Caledonia, and Superior Ink. Today, Oliver’s Realty Group, whose parent company has ownership in an expansive portfolio of rental properties throughout the US, focuses on ground-up luxury residential development and breathing new life into historic Greenwich Village and West Village townhouses.
About the New York City Department of Housing Preservation and Development
The New York City Department of Housing Preservation and Development (HPD) is the nation’s largest municipal housing preservation and development agency. Its mission is to promote quality housing and diverse, thriving neighborhoods for New Yorkers through loan and development programs for new affordable housing, preservation of the affordability of the existing housing stock, enforcement of housing quality standards, and educational programs for tenants and building owners. HPD is tasked with fulfilling Mayor de Blasio’s Housing New York Plan which was recently expanded and accelerated through Housing New York 2.0 to complete the initial goal of 200,000 homes two years ahead of schedule—by 2022, and achieve an additional 100,000 homes over the following four years, for a total of 300,000 homes by 2026. For full details visit www.nyc.gov/hpd and for regular updates on HPD news and services, connect with us on Facebook, Twitter, and Instagram @NYCHousing.