NYCHA Selects Asland Capital Team to Rehab Soundview’s Sack Wern Houses
The New York City Housing Authority (NYCHA) has selected Asland Capital Partners, nonprofit Breaking Ground and Douglaston Development to design and implement a comprehensive rehabilitation and property management improvement plan for Sack Wern Houses, a collection of seven NYCHA buildings in the Soundview section of the Bronx. The rehab is being executed through NYCHA’s Permanent Affordability Commitment Together (PACT) program.
“This new endeavor with Douglaston Development and Breaking Ground builds on the Asland team’s 17-plus year history of investing in the Soundview neighborhood, including our 154-unit affordable senior housing development at 1940 Turnbull Avenue that commenced construction earlier this year,” said Asland CEO James H. Simmons, III.
Sack Wern is a project in Round 10 of NYCHA’s PACT program. In May 2021, NYCHA released a request for expressions of interest to recapitalize and rehabilitate the development as one of several sites throughout the Authority’s portfolio.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!