RI DAILY

Manhattan's little, quieter island and beyond

Reporting Roosevelt Island since sunrise.

RI DAILY

Manhattan's little, quieter island and beyond

Reporting Roosevelt Island since sunrise.

Southtown

How Related Built Southtown: A Timeline of Leases, Amendments, and Public Agreements on Roosevelt Island

Related Companies is the primary developer behind Southtown, a major residential project on Roosevelt Island. The development, governed by long-term ground leases, underwent five amendments affecting financial and structural components. Building 9 marks the final phase, operating as an open-market rental with a lump-sum tax payment. Southtown’s agreements influence RIOC’s revenue and future development.

When a Construction Worker Fell at the Future 440 Main Street

Sirens echoed through the canyon as over a dozen emergency vehicles responded to a worker who fell at the 440 Main Street construction site. Although FDNY said it was routine, its massive response seemed out of line with the injury…

Hudson and Related Companies Solidify Investment in Roosevelt Island

$63 Million Refinancing Package for Riverwalk Point, 480 Main Street According to a report in Crains New York, the paired companies refinanced the loan they secured for constructing 480 Main Street. The building anchors the northeast corner of Southtown, the…

Southtown Building #9 Gets Noisy Cracking Into Roosevelt Island History

The rapidly repeated pounding noise sails across Riverwalk Commons and echoes off Southtown Building #9’s future neighbors. For now, the work demands breaking up Roosevelt Island’s history before the future can replace it. by David Stone The Roosevelt Island Daily…

Feel That? Roosevelt Island Just Slipped a Little Farther South

With the deal for Riverwalk 9 closing, Roosevelt Island continued its 20-year tilt farther south. This plants the community identity roughly a football field down Main Street from where it started. It’s undeniably a good thing, but what does it…

Riverwalk 9 Is a Done Deal as Financing is Now in Place

When David Kramer signed on in 1997, he never thought 25 years would pass before breaking ground on Riverwalk 9. Economic and political turmoil disrupted progress, but he and his partners never gave up. And yesterday, his Hudson Companies and…

RIOC’s October Board for 2022 Is the Best in Two Years

It wasn’t perfect, but on several levels, the October Board meeting was the most informative and best organized since Susan Rosenthal’s exit. Concrete achievements and some surprises, shaded by an all-new awareness of community needs, rolled through the session. by…

Coming this Fall: Riverwalk Building # 9 on Roosevelt Island

Riverwalk Building #9 hit the horizon roughly five years ago when developers Hudson-Related cut a deal with the city, increasing affordable housing here, and put together a two-building project that won approval from RIOC. Progress stalled, though, and only the…

Can We Do Better? The Sorry State of the Southtown Dog Run?

The Southtown Dog Run was set for replacement – or at least improvement – in 2019. That’s when RIOC yielded to community pressure, squashing a plan jammed into Blackwell Park. by David Stone The Roosevelt Island Daily News The Southtown…

Updated: Related Boss Stephen Ross in Hot Water Over Ex-Coach’s Accusations

In a startling development within a racial bias lawsuit, former Miami Dolphin’s head coach Brian Flores says that own Stephen Ross offered a bonus for every game the team lost in 2019. Ross, through the Related Companies, invests significantly in…