Q&A
Council Member Riley inquires about Marcus Garvey affordable housing development project completion timeline
0:14:38
·
67 sec
Council Member Kevin C. Riley asks Max Zarin about the expected completion date for the project. Zarin provides details on the project timeline, indicating a potential start date of December 2025 and completion by the end of 2027.
- The project is currently in the predevelopment and design phase
- Paths Development is coordinating with HPD for the project's closing pipeline
- The construction period is estimated to be about two years
Kevin C. Riley
0:14:38
Thank you so much, Max.
0:14:40
I just have one question.
0:14:42
When do you expect the project to be completed?
Max Zarin
0:14:46
So right now, we're progressing through predevelopment.
0:14:49
We're in design right now as well as completing other due diligence.
0:14:54
And we're working closely with our partners at HPD to coordinate with them and have this project be slated into their closing pipeline.
0:15:04
Based on the most recent conversations that we've had, it seems that the earliest potential start date for this project would be December 2025, in which case the project would complete construction at the end of 2027.
Kevin C. Riley
0:15:21
So December 2025 to December 2027?
Max Zarin
0:15:25
Yes.
Kevin C. Riley
0:15:26
Okay.
0:15:27
Alright.
0:15:28
Thank you.
0:15:29
Do any counseling?
0:15:29
Do you have any questions?
0:15:31
Okay.
0:15:34
There are no questions.
0:15:38
Regarding the special permit application related to the Marcus Garvey article 11, this panel is now excused.