A hotel row in Queens is getting a new look. New affordable housing is part of the mix.
by WNYC
WNYC— On a recent afternoon, sneakered tourists streamed out of the various hotels located along a quiet stretch of Jamaica, Queens. The Radisson, a Hampton Inn, a Residence Inn by Marriott, and erstwhile JFK Hilton, just a stone's throw from JFK Airport, represent the future of affordable housing in the city, as well as what is perhaps a missed opportunity. Months of interior demolition work is concluding at the 350-room Hilton property on 135th Avenue, just east of the Van Wyck Expressway. A...
www.edinburghnews.scotsman.com—New affordable housing development welcomed by new tenants. Tenants who have moved into Lowther’s new homes at Raw Holdings have been enjoying the tranquillity of living in the countryside whilst having all the amenities of the bustling town of Livingston right on their doorsteps. The development by Scotland’s largest private-rent property company, part of Wheatley Group, includes a mix of 25 homes for mid-market rent and 38 homes for social housing, comprised of one, two and three-bedroom properties. The mid-market rent properties are aimed at people...
KEYT—Housing Trust Fund Ventura County announces $12 million in loans for 492 new affordable housing units in Ventura County. The Housing Trust Fund Ventura County announced the approval of $12 million in loans for 492 new affordable housing units in Ventura County.
Zero Hedge—Why You Can't Afford Most Hotels In New York City. Why You Can't Afford Most Hotels In New York City Authored by Fred Roeder via RealClearMarkets, On a Friday night in March 2011, I stayed at an upscale W Hotel on Lexington Avenue in New York City for $124. That hotel later became The Maxwell, but sadly it didn’t survive the pandemic and is now permanently closed. Today the average hotel stay in that same neighborhood costs between $400 and $500 on a Friday night. The surge in hotel prices, particularly for upmarket accommodations,...