As Manhattan’s 60-block Hudson Yards neighborhood continues to rapidly rise from the ground, the Hudson Yards / Hell’s Kitchen Business Improvement District (HYHK BID) announced that Kevin P. Singleton, Executive Vice President of TF Cornerstone, has been elected Chairman.
Mr. Singleton, who has been with TF Cornerstone for 29 years, brings extensive knowledge of the Hudson Yards district to the Executive Board. TF Cornerstone developed the first luxury residential building in Hudson Yards, the 43 floor tower at 505 West 37th Street, on the corner of 10th Avenue, completed in 2010, as well as Plaza West, a full-service luxury rental building at 444 West 35th Street, completed in 1990.
Other members elected to serve as HYHK BID leadership are Oskar Brecher, Executive Vice President of Development at The Moinian Group, and Andrew Cantor, Vice President of Development at Related Companies, both as Vice Chairmen.
Real Estate and Business News Coverage:
The news traveled throughout NYC earlier this month, and below you can read a bit of everything.
The Real Deal Reveals HYHK BID:
Singleton will handle maintenance and programming within the BID’s planned four-acre parks system, along with street clean-up and other services for 450 area businesses.
“It makes sense from a community, development and business perspective to ally these two (neighborhoods), and forge one voice,” Singleton, whose firm constructed several buildings in the area, told Crain’s.
DNA Info Profiles The New Business District:
The BID, which covers an area roughly from West 30th Street to West 42nd Street, from Ninth to 11th avenues, will have an initial budget of $1.2 million. The money will go toward maintaining the new Hudson Park and Boulevard, a series of new green spaces, and will also help make improvements to infrastructure in both Hudson Yards and Hell's Kitchen.
Globe Street gives a HYHK BID Overview
Singleton, the newly-elected chairman, said “With the No. 7 subway extension coming online, the development of several world-class, mixed-use commercial and residential projects underway, and Hudson Park and Boulevard near completion, it is clearly a transformative time for the Far West Side. There will be tremendous economic growth in the area, and the HYHK BID is committed to enhancing the quality of life for all neighborhood stakeholders.”