Freedom Plaza Pledges Complete Affordable Housing Commitment
Freedom Plaza's Commitment to Affordable Housing
Freedom Plaza, a revolutionary civic and cultural initiative, takes a bold step forward in addressing the pressing housing challenge faced by many residents. The partnership between Soloviev Group and Mohegan has taken a significant leap to enhance the availability of affordable homes in the vibrant community.
A Landmark Initiative for Housing
This unique endeavor underscores a profound commitment to establishing 1,080 residential units that will remain permanently affordable. This move is pivotal as it comes alongside a legally binding agreement that reinforces the project's intention to provide ample housing options for those in need. It is the largest stride towards newly constructed affordable homes in the vital Central Core region of Manhattan in over a decade.
Community and Leadership Support
As articulated by Michael Hershman, the CEO of Soloviev Group, the motivation behind this project stems from a response to the urgent appeal from local leaders and community members. The sentiment conveyed by younger residents and influential civic leaders strongly resonates with the mission of Freedom Plaza. Michael emphasizes the privilege of holding a gaming license, highlighting its potential to drive social and civic benefits for the community.
A Vision for Stability and Inclusion
Ray Pineault, CEO of Mohegan, echoes the sentiment about the importance of housing in ensuring stability. His dedication reflects an investment in the future of New York City, aiming to create a fully inclusive and affordable community. This commitment is not merely financial; it's a testament to the mission of enriching the East Side of Manhattan for generations to come.
Meaningful Action in Housing Crisis
Jamie A. Smarr, President of the NYC Housing Partnership, recognizes the remarkable nature of this endeavor. The decisive move to make every home affordable in Manhattan tackles the housing crisis head-on, presenting a model of action that private developers seldom endorse. This initiative promises quality housing for working families and seniors, along with top-tier amenities and public spaces that symbolize thriving neighborhoods.
Strong Community Backing
The engagement of community stakeholders has been at the forefront of Freedom Plaza's mission. Over the past two years, numerous residents, activists, and civic figures have come together to voice their support for this project. The overwhelming majority, more than 58 percent of participants during the public hearings, voiced their support for Freedom Plaza, alongside a substantial number of written testimonies.
Widespread Public Support
This project has garnered the backing of thousands of Manhattan residents and local businesses, creating a robust coalition pushing for progress. Polling data indicates a strong endorsement from voters, demonstrating a clear consensus around the project's promise for future housing solutions in the city.
About Freedom Plaza
Freedom Plaza represents an ambitious $11.2 billion mixed-use development initiative involving Soloviev Group and Mohegan. Spanning an impressive 6.3 acres, the project aims to deliver a diverse range of offerings from public open spaces to essential retail and dining options, aiming to promote community interaction and growth.
Commitment to Quality Living
With plans for nearly five acres of publicly accessible green space, the project will also feature two hotels, including retail and entertainment venues. The commitment to building with union labor ensures the creation of high-quality job opportunities, reinforcing the economic impact on the surrounding community. It is projected to generate significant yearly economic contributions, further enriching the local economy.
About Soloviev Group
The Soloviev Group, with a steadfast dedication to sustainability and community welfare, stretches its influence across several sectors, including hospitality and philanthropy. Their latest venture, Freedom Plaza, showcases developments that not only meet basic needs but elevate community living through conscientious design and utility.
About Mohegan
Mohegan stands at the forefront of premier entertainment resorts in both the U.S. and Canada. Their robust presence, including operations in Connecticut and Pennsylvania, is complemented by a commitment to delivering exceptional gaming and recreational experiences. Mohegan's diverse offerings, including professional sports teams and digital gaming solutions, position them as leaders in the entertainment sector.
Frequently Asked Questions
What is the main goal of Freedom Plaza?
The primary goal of Freedom Plaza is to provide 1,080 affordable housing units in response to New York City's housing crisis.
Who are the key partners involved in Freedom Plaza?
The project is led by the Soloviev Group and Mohegan, who are committed to enhancing community infrastructure.
How does Freedom Plaza support local businesses?
Freedom Plaza aims to integrate locally oriented retail and services, fostering growth and collaboration with local businesses.
What economic impact is projected from Freedom Plaza?
The development is expected to generate approximately $3.2 billion in annual economic impact through job creation and business opportunities.
How does the project engage with the community?
Freedom Plaza has actively engaged local residents and leaders through public hearings and community outreach to ensure their voices are heard.
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