New Settlement on LES.University Settlement has announced the opening of its newest location, the Houston Street Center. Built and donated by the developer AvalonBay Communities AvalonBay Communities, Inc. (NYSE: AVB) is an Alexandria, Virginia-based public real estate investment trust. The company specializes in acquiring, developing, redeveloping and managing high-quality apartment communities in high barrier-to-entry markets, such as the Northeast, , Inc., the Center is the culmination of a 35-year urban renewal process and is one of the richest community-minded real estate agreements in lower Manhattan Lower Manhattan is the southernmost part of the island of Manhattan, the main island and center of business and government of the City of New York. Lower Manhattan is generally defined as the area delineated on the north by Chambers Street, on the west by the Hudson River (North in generations. University Settlement, in partnership with the Chinatown YMCA YMCA in full Young Men's Christian Association Nonsectarian, nonpolitical Christian lay movement that aims to develop high standards of Christian character among its members. , will open the Center to the public in March 2006. The January 25th gala opening celebration will culminate with the presentation of the Charles B. Stover stover stalks of maize plants from which mature corn cobs have been harvested as grain, or grain sorghum plants from which heads have also been removed. The stover is usually fed by turning the cattle into the field and is subject to fungal infection, sometimes causing mycotoxicosis. Award to AvalonBay Communities, Inc. in recognition of its historic support of the Houston Street project. Going well beyond the original scope of work, the facility (valued at $14 million) demonstrates AvalonBay's commitment to the neighborhood. Senior vice president of development Frederick S. Harris will accept the award on behalf of the company. "We are extremely excited and gratified grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. that this Center has finally come to fruition" said Michael Zisser, executive director of University Settlement. "After over 30 years of dialogue and negotiation, the community's needs have been heard and will be met in this exciting new space." Nestled on the corner of Houston and Bowery, the Bowery, the (bou`ərē, –`rē) [Dutch Bouwerie=farm], section of lower Manhattan, New York City. The Bowery, the street that gives the area its name, was once a road to the farm of New Amsterdam Governor Peter Stuyvesant, who is 42,000 s/f facility will welcome both old and new residents of the Lower East Side and surrounding neighborhoods. The Center will house a swimming pool, gym and fitness center, meeting rooms, dance studio, classrooms and community offices. With state-of-the-art recreational and educational facilities and plenty of flexible space, this Center promises to be a unique and fully-accessible neighborhood resource for years to come. |
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