Hudson Companies aims to make Roosevelt Island a residential hotspot

April 18, 2012 02:00PM

New development by Hudson Companies on Roosevelt Island is underway that aims to make the island a residential destination, Hudson principal David Kramer told the New York Times.

Hudson is behind the development of the Riverwalk neighborhood in Roosevelt Island. As The Real Deal reported in the March issue, the complex will comprise nine buildings. Kramer told the Times that six of them are currently complete. One of them is Riverwalk Crossing, a rental building designed in cooperation with Related Companies, which is now fully leased.

Design of the seventh building is currently underway and Kramer said he expects to break ground early next year. Most likely, he said, it will be a 21-story rental building with market-rate rents.

Hudson is also behind developing Roosevelt Island’s retail corridor, which he said consists of 33 stores and 100,000 square feet of space. [NYT]