New York YIMBY

Merchants Capital Secures $231M For Eastchester Gardens PACT Renovation In The Bronx

Eastchester Gardens, one of the oldest public housing developments in New York City, will undergo a rehabilitation led by MDG Design + Construction, Infinite Horizons, and Wavecrest Management.

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Crain's New York

Deals of the Day: June 13

Public housing site Eastchester Gardens lands renovation loan

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ConnectCRE

Merchants Capital Provides $231M Financing for Eastchester Gardens Rehab

Eastchester Gardens is being developed by the PACT partner team of MDG Design + Construction, Infinite Horizons and Wavecrest Management. The partners will address the capital needs of the development and fully rehabilitate all 887 apartments, shared spaces, grounds and building infrastructure.

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Globe St.

NYCHA Lands $231M for 75-Year-Old Residential Bronx Property Renovation

The redevelopment efforts will be handled by MDG Design + Construction, Wavecrest Management and Infinite Horizons. The total project will cost $391 million.

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CRE Marketbeat

Merchants Capital Delivers $231 Million in Funding for Eastchester Gardens Renovation

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The Good News Room

Catholic Charities of New York Raises $3.6 Million at 16th Annual Gala

Emceed by NBC 4 New York consumer reporter Lynda Baquero, Cardinal Dolan presented the Deus Caritas Est Award to Marcos A. Rodriguez, founder, CEO, and partner of Palladium Equity Partners LLC; Susan L. Camerata; and Michael T. Rooney Sr. of RDC Development, a professional affordable housing partnership between MDG Design and Construction and Wavecrest Management, for their outstanding leadership and charitable works.

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The City

Vacant Affordable Apartments to Now Skip Lottery and Be Filled on First-Come, First-Served Basis

The process to lease vacated affordable, income-restricted rentals in New York has been changed in an attempt to cut red tape. And applying for the housing lottery will become simpler, too.

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NYCHA Journal

NYCHA and Partners Close on Financing for $391 Million PACT Project to Renovate the Homes of 1,850 Residents at Eastchester Gardens

NYCHA and PACT partner team, MDG Design & Construction, Wavecrest Management, and Infinite Horizons, closed on the financing for Eastchester Gardens, a $391 million Permanent Affordability Commitment Together (PACT) project that will bring comprehensive renovations for more than 1,850 residents living in 10 residential buildings in the Bronx.

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City Limits

Opinion: Our Affordable Housing Workforce Must Reflect the Communities It Serves

“Right now, roles in the affordable housing sector remain unfilled, and working-class New Yorkers continue to face unemployment or find themselves stuck in jobs with little potential for economic mobility.”

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New York Real Estate Journal

$492 million PACT renovation completed at 1,600 unit Williamsburg Houses

NYCHA and partner team, RDC Development, a joint venture between Wavecrest Management and MDG Design & Construction, completed the $492 million comprehensive renovation of Williamsburg Houses as part of the Permanent Affordability Commitment Together (PACT) program.

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