Time Equities balances profit with community.Time Equities, Inc has been in the real estate investment business for over 30 years. Throughout this period, it has pioneered new neighborhoods throughout the city, looking to develop in areas that were largely overlooked. In course of this expansion, Time Equities has always considered the impact its developments would have on the neighborhood and has sought to implement community sensitive designs. Time Equities has been so successful at this that has developed a reputation for balancing profit with the needs of the community. In the 1970's, Time Equities invested in over 20 buildings in the area between 79th Street and 87th Street on or near Amsterdam Avenue in an effort to stabilize stabilize See peg. what was then a distressed area and drive the drug dealers off the streets. Through this development, the real estate investment group renovated the buildings and made the area safe for people who were anxious to be part of the new Upper West Side. In the early 1980's, Time Equities invested in a 1,200-apartment, 13-building complex in the Clinton Hill Clinton Hill has multiple meanings: Places
coop up confine - prevent from leaving or from being removed the city and vested its residents in the neighborhood's future. Today it is one of the hottest neighborhoods in Brooklyn. Insiders who purchased their apartments in the early 1980's can sell them today for more than six times what they paid. In the mid 1980's, Time Equities purchased Tudor City Tudor City is an apartment complex located on the East Side of Manhattan in New York City. It is bordered by E 40th Street to the South, First Avenue to the East, Second Avenue to the West and E 43rd Street to the North. , an eight-building complex, containing over 3,000 units. It also purchased for $20 million, the parks that Harry Helmsley Harry B. Helmsley (March 4,1909 – January 4, 1997) was a real estate mogul who built a company that became one of the biggest property holders in the United States. Part of his company's portfolio at one time included the Empire State Building, The Helmsley Palace, The Park had been threatening to develop for more than 20 years. The residents in Tudor City were so outraged by Helmsley's development plans for the park that at one point they placed themselves in front of Helmsley's bulldozers to protest. Time Equities donated these parks to the Trust for Public Land and they will be preserved for the residents of Tudor City and the surrounding neighborhood in perpetuity Of endless duration; not subject to termination. The phrase in perpetuity is often used in the grant of an Easement to a utility company. in perpetuity adj. forever, as in one's right to keep the profits from the land in perpetuity. . In the early 1990's, Time Equities recognized the potential of Wall Street as a residential area. Its projects at 47 West Street and 56 Beaver beaver, either of two large aquatic rodents, Castor fiber and Castor canadensis, known for their engineering feats. They were once widespread in N and central Eurasia except E Siberia, and in North America from the arctic tree line to the S United were one of the very first to qualify under Mayor Giulliani's plan for downtown Manhattan. The company has completed a total of five projects in the Downtown area. Recently, Times Equities has had its eye on developing the former Pepsi site in Queens West, which is considered by many to be one of the most exciting waterfront sites in the City. The Time Equities proposal is one of three still under consideration for the site. In preliminary planning, Time Equities solicited design concepts from six architectural firms An architectural firm is a company which employs one or more licensed architects and practices the profession of architecture. History Architects (master builders) have existed since early in recorded history. The earliest recorded architects include Imhotep (c. in order to find the best solutions for the needs of the community. The company settled on the design presented by noted architects, Fox & Fowle, well known for their planning, design, and green architectural ability. Local community groups have also been invited to incorporate their input in the design process. In addition to New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. , Time Equities, Inc., has a national portfolio of multifamily, office, industrial and retail properties exceeding 10 million square feet in the aggregate. Outside of New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , it has also brought new life to forgotten neighborhoods. In 1985, Time Equities purchased the 700,000 square foot former Prudential Headquarters building in Newark and helped begin the renaissance there. More recently, the company has been one of the most active investors in Montreal, Quebec, and in particular in the Old Montreal Old Montreal (or Vieux-Montréal in French) is the oldest area in the Canadian city of Montreal, dating back to colonial times. Located in the borough of Ville-Marie, the area is usually thought of as being bounded to the west by McGill St. historic district. That area, too, is finding new life. For over 30 years, Time Equities has succeeded by balancing its profit motive with neighborhood and individual resident concerns, giving due regard to the needs of each. From developing and stabilizing culturally rich neighborhoods to creating and preserving public gardens and park space, Time Equities has been a valuable ally of the community minded urban dweller. |
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