NYBG Enters Into Residential Development Market With Pending Pair of Buildings
The New York Botanical Garden (NYBG) is slated to construct two residential buildings totaling more than 400 units along a property it owns Webster Avenue in Bedford Park, advancing an interest in development that harkens back to nearly a decade when community advocates joined city leaders in rezoning Webster Avenue to welcome such development projects. Ahead of a Community Board 7 Housing/Land Use and Economic Development Committee meeting tonight, NYBG approached community stakeholders regarding the two projects—a senior home and an affordable housing development. It’s tapped Douglaston Development to spearhead the projects after entering into a 99-year lease. Financial details
