A long-stalled real estate development project on Bennett Avenue in Washington Heights is seeing new signs of life, according to residents and the developer, according to an article Thursday by Carla Zanoni at DNAinfo.com.
The article said that "Ruddy Thompson, president of Thompson Development Group, confirmed construction is set to begin again at One Bennett Park, the development that was halted in 2009, because funding dried up."
"Thompson," the article said, "did not provide further details about the future of the project located at 33-55 Overlook Terrace, but residents said that the site has been buzzing with activity over the past several days. Approximately three years ago, 60 feet of bedrock was removed to make way for a 23-story, 114-unit apartment complex that was originally slated to open in 2009. The construction scene...has been quiet since the summer of 2008....But since construction halted that summer, all that has remained is a hole in the ground and a displaced congregation from a local Jewish center, which had originally been promised a new space in exchange for the right to build a condo entrance on Fort Washington Avenue."
"A lawsuit between the banks that originally funded the $95 million deal is still being duked out in court," the article continued, adding that "Community Board 12 chair Pamela Palanque-North said she was excited to hear that construction will soon move forward, but said she first hopes to meet with Thompson to make sure no changes to the original development plans have been made.
The project originally had been known as Fort Tryon Tower and was planned to be 25 stories tall.
The article said that "Ruddy Thompson, president of Thompson Development Group, confirmed construction is set to begin again at One Bennett Park, the development that was halted in 2009, because funding dried up."
"Thompson," the article said, "did not provide further details about the future of the project located at 33-55 Overlook Terrace, but residents said that the site has been buzzing with activity over the past several days. Approximately three years ago, 60 feet of bedrock was removed to make way for a 23-story, 114-unit apartment complex that was originally slated to open in 2009. The construction scene...has been quiet since the summer of 2008....But since construction halted that summer, all that has remained is a hole in the ground and a displaced congregation from a local Jewish center, which had originally been promised a new space in exchange for the right to build a condo entrance on Fort Washington Avenue."
"A lawsuit between the banks that originally funded the $95 million deal is still being duked out in court," the article continued, adding that "Community Board 12 chair Pamela Palanque-North said she was excited to hear that construction will soon move forward, but said she first hopes to meet with Thompson to make sure no changes to the original development plans have been made.
The project originally had been known as Fort Tryon Tower and was planned to be 25 stories tall.
Architecture Critic
Carter Horsley
Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.
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