Orange County purchased the property in 2007 for $8.5 million. Since then, several private redevelopment proposals failed to secure necessary approvals…
Norges Bank Investment Management will pay $542.6 million for its 95% ownership interest, valuing the property at a gross value of $571.1 million.
The new “Allied Health and Natural Sciences Life Sciences Center” will feature modern instructional labs, lab support areas, faculty offices, general classrooms, student spaces, and campus services.
The newly amended PCDS must be used beginning July 1, 2025.
At least 75% of units will be affordable for workforce and middle-income earners.
The new marine terminal is estimated to create 400 construction jobs, 100 permanent jobs, and $3.9 billion in economic impact over the next 30 years.
The project will include a new police station and Village Court facility, public parking facilities, a mixed-use residential and commercial development, a public plaza, and new recreational trail connections.
This joint decision by the event sponsors reflects their shared commitment to delivering an event that offers the greatest value, insight, and impact for all participants.
The board action brings greater clarity to Standard of Practice 10-5, which prohibits members of NAR from harassing any person or persons based on race, color, religion, sex, disability, familial status, national origin, sexual orientation, or gender identity.
Some of the project highlights include the construction of a five-story facility with each floor consisting of approximately 600,000 square feet of space.
Part of the delay in recovery is because the Federal Reserve has changed its outlook and appears to be on pause for a longer period.
NAR remains committed to advocating for provisions that expand opportunity, support homeownership, strengthen communities nationwide, and put the American dream within reach for more families.
The office buildings were all built in the 1970s and early 1980s and are currently approximately 50% vacant.
Dr. Meadows will serve as a vital bridge between HGAR’s Realtor members and the elected officials and stakeholders shaping housing policy in the Bronx and New York City.
“At this critical stage of the housing market, it is all about mortgage rates,” said NAR Chief Economist Lawrence Yun.
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