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ULI SPRING MEETING ULI SPRING MEETING
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New York Hilton Midtown, New York, NY, United States April 9-11, 2024

Retail

Mission Priority
Tue Apr 09 8:00 AM — 12:00 PM (GMT-05:00) Eastern Time

The Revitalization of the South Bronx

Experience the revitalization of the South Bronx through affordable housing mechanisms and affordable housing at scale in the Mott Haven district with developer L&M.

East 162nd Street Court provides 126 mixed-income rental apartments in a new 12-story building. Thirty-seven units are reserved for formerly homeless families in need of supportive services. L+M and B&B Supportive collaborated with Palladia and Services for the Underserved to provide family supportive services pursuant to a contract with the NYC Department of Health and Mental Hygiene. Services include case management for mental health and substance abuse problems as well as educational and workforce services. The new building includes a separate office space devoted to the provision of these services, a community room, and laundry facilities. The remaining units in the building are reserved for families that earn 60 percent and 80 percent of area median income.

 

Bronx Point represents a transformative mixed-use development of approximately 530,000-square-feet that will bring affordable housing, educational community facilities, dynamic retail uses, and engaging new open space along the Harlem River waterfront in the South Bronx. It includes 542 units of permanently affordable housing, educational spaces for youth operated by Bronx Works and Billion Oyster Project, and retail opportunities. The Universal Hip Hop Museum will be a new cultural destination that celebrates the global hip hop culture.


Tue Apr 09 8:15 AM — 12:00 PM (GMT-05:00) Eastern Time

Public and Private Partnerships in Essex Crossing

Essex Crossing represents a true partnership between public and private interests. L+M, BFC Development Partners, and Taconic Investment Partners, along with Grand Street Settlement, were awarded the sites after a competitive RFP process in 2013. The entire project, located in the Lower East Side, is projected to be over 1.9 million square feet; seven of nine parcels are developed, and the last two parcels are expected to be completed by 2024. Once completed, the $1.5 billion project will include 1,079 units of residential rental and for-sale housing (of which over 50 percent will be permanently affordable to a wide range of incomes), over 700,000 square feet of commercial space, 350,000 square feet of office space, 100,000 square feet of community and cultural facility space, and 100,000 square feet of exterior and interior green space, including a new public park.

Key commercial users include NYU Langone Ambulatory Care Center, Trader Joe’s, Target, The Gutter NYC bowling, Regal Cinemas, a new and expanded Essex Street Market and The Market Line. Key community facility uses include a new senior center run by Grand St. Settlement, Henry Street Settlement’s Workforce Development Center, an early childhood education center operated by the Chinese American Planning Council, and the International Center of Photography.


Tue Apr 09 9:00 AM — 12:00 PM (GMT-05:00) Eastern Time

A Post-Industrial Waterfront Reimagined

The waterfront in the long-established Greenpoint neighborhood has been a functioning lumberyard and industrial center for over 100 years. In the past 20 years, it has been transformed into an extension of the Greenpoint neighborhood. Park Tower Group is developing the master plan for Greenpoint Landing which, when complete, will include about 5,500 apartments (both market-rate and permanently affordable units), a sprawling waterfront park designed by James Corner Field Operations, and numerous local retail opportunities. Along with Brookfield Properties, Park Tower Group completed a 745-unit luxury residential complex, Eagle + West, in 2022. Designed by world-renowned architecture firm OMA, the pair of towers and low-rise building feature a 42,000-square-foot, state-of-the-art amenities package and contribute more than 30,000-square-feet of new public space to the city. Eagle + West is the latest set of buildings to open in the 22-acre, Greenpoint Landing master-planned development. The firms opened the One Blue Slip site in 2018, Two Blue Slip in 2020, and The Bellslip in May 2022.

Mission Priority
Thu Apr 11 8:15 AM — 12:00 PM (GMT-05:00) Eastern Time

Hudson Square: Ushering in the Future of Sustainable and Contextual Design

Join us for a special tour of one of New York City’s most dynamic neighborhoods, Hudson Square. The district, at the nexus of NYC’s premier retail and residential neighborhoods, is rich in history but is also leading the way in terms of sustainable design and thoughtful and contextual architecture that is appealing to some of the world’s largest and most innovative office tenants, including Google, Horizon Media, Publicis Groupe and Squarespace. Trinity Church Wall Street, steward of the neighborhood since the early 1700s, helped usher in a residential rezoning that has allowed the neighborhood to flourish, and, in partnership with Norges Bank and Hines, Trinity Church has repositioned their more than 6 million-square-foot portfolio of purpose-built printing house buildings to cater to modern office needs in a class A manner.

The group will tour the two cornerstones of the Hudson Square portfolio, 555 Greenwich + 345 Hudson and 75 Varick. 555 Greenwich is a 270,000-square-foot ground-up development designed by COOKFOX Architects that is the completion of the adjacent property, 345 Hudson (built in 1931), to create a 1.2 million-square-foot interconnected campus. 555 Greenwich represents the next generation of high-performing buildings and will exceed NYC’s 2030 climate targets for office buildings by over 45 percent and align with New York State 2050 carbon-neutral targets. 345 Hudson is one of three commercial buildings selected to participate in the Empire Building Challenge’s low-carbon public/private design partnership. We will end the tour at the southern end of Hudson Square at 75 Varick, which features downtown’s most expansive rooftop amenity.


Three days of inspiration, thought leadership, and connection

New York Hilton Midtown
New York, NY, United States

April 9-11, 2024

Register for the Spring Meeting

Where ULI members come together to shape the built environment.