Bisnow

In November 2018, [Hunt Real Estate Capital] closed on a project in the Mott Haven section of the Bronx called Betances, which is a portfolio of 39 buildings encompassing 1,088 units of public housing. The developers on the project were MDG Design + Construction and Wavecrest Management, both of which have a long history of commitment to affordable housing.

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NBC4 New York

[Visol] Smith [President of Ocean Bay’s tenants association] says the [RAD] conversion’s success is thanks to the management company, Wavecrest. “Management actually works with the resident council, you know, when we talk about certain things they actually listen. They say, ‘okay, let’s see what we can do about that,’” he said. “We had problems with NYCHA. Delays on painting, delays on repairs, stuff like that. Wavecrest turnaround is a lot faster.”

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amNY

At Ocean Bay, RDC Development secured $560 million in public and private money to repair apartments and fortify the community from future storms. Residents received new floors, bathrooms and kitchens in their apartments. Workers also revamped lobbies, security systems and exteriors.

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WNYC

On Monday, renovations were completed at Ocean Bay Apartments in Far Rockaway, a New York City Housing Authority development that’s being operated by a private management company through a federal program called Rental Assistance Demonstration (RAD).

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Brooklyn Paper

“They were talking about how baseball, for lack of a better word, kept them out of trouble and urged the kids to work hard and be persistent,” said Susan Camerata, principal of the development company RDC Development — the organization that hosted the all-day event at Montrose Avenue.

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Solar Power World

Ocean Bay Apartments is shining light on how to combine affordable housing preservation and climate change mitigation. The 24-building, 1,395-unit complex now boasts a 575-kW solar PV system, designed and installed by Bright Power. “RDC Development’s commitment to resiliency, sustainability and long-term affordability enables thousands of Ocean Bay residents to have safe, comfortable and affordable homes,” said Jeffrey Perlman, president and founder of Bright Power.

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