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Goldman Sachs Delivers $61M for Covenant House NY’s Hudson Yards Redev

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Covenant House, a not-for-profit organization serving homeless youth, received $61 million from Goldman Sachs Urban Investment Group to redevelop its existing facility at 550 10th Ave. in Manhattan’s Hudson Yards neighborhood. The new 80,000-square-foot facility involves a partnership with developer Gotham Organization.

Gotham is helping reimagine facilities and promote better outcomes by developing a new footprint that combines a youth shelter, federally-qualified health center, legal aid, educational services, counseling and job training services under one roof. Site preparations are underway, including partial demolition of the existing facility to make way for the new 12-story institutional building, the first phase of the development plan.

The new purpose-built facility is moving forward under a phased development plan that ensures continued services and zero displacement of existing Covenant House residents.

Covenant House New York’s Sr. Nancy Downing says, “Now, for the first time in our history, we’ll be designing and building a new residential facility from the ground up.

For comments, questions or concerns, please contact Dennis Kaiser

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Connect With Covenant House New York’s Sr. Nancy Downing

About Dennis Kaiser

Dennis Kaiser is Vice President of Public Relations and Communications for Connect Creative. Dennis is a communications leader with more than 40 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect Creative’s agency client services and is involved in a range of initiatives ranging from public relations and content strategy, communications and message development, copywriting, media relations, social media and content marketing services. Prior to joining Connect Media in 2015, his most recent corporate communications roles involved leading a regional public relations effort across Southern California for CBRE, playing a key marketing role on JLL’s national retail team, and directing the global public relations effort at ValleyCrest (BrightView), the nation’s largest commercial landscape services company. He has worked on marketing communications assignments for such CRE companies as Blackstone/Equity Office, Carlyle, Caruso, Disney Resorts, GE Capital, Irvine Company, Hines, Howard Hughes Corp., Jeffries, Lennar, MGM, Marcus & Millichap, Prologis, Raleigh Studios, Simon, Starwood, Trammell Crow Company, Transamerica, UBS and Wynn Resorts. Dennis has also worked on communications and launch strategies for a number of consumer electronic, media and tech brands including SlingMedia, Channel Master, Deluxe Media Entertainment, BeIn Sports, EchoStar and Sprint. Dennis’s agency background included firms such as Off Madison Ave., Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, Boy Scouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and the Thunderbirds Charities.

  • ◦Financing
  • ◦Development