Brooklyn, NY (PRWEB) May 21, 2006
The Actors' Fund of America, Common Ground Community, Hamlin Ventures LLC and Time Equities, Inc. and prominent local officials and community leaders will break ground on Schermerhorn House, a mixed income, 217-unit supportive residence in Boerum Hill, Brooklyn for at-risk, low and middle income members of the entertainment industry.
Tuesday, May 23
160 Schermerhorn Street
Between Hoyt Street and Smith Street
Boerum Hill, Brooklyn
Speakers and invited guests include Brooklyn borough president Marty Markowitz; New York City Housing Development Corporation president Emily Youssouf; NYC Housing Development Corporation deputy commissioner Rafael Cestero; Common Ground president Rosanne Haggerty; The Actors' Fund of America executive director Joe Benincasa; Hamlin Ventures president Abby Hamlin; Time Equities, Inc. chairman Francis Greenburger.
Plans for Schermerhorn House stem from a pioneering partnership between non-profit organizations, government agencies and real estate developers. The highly innovative residence will serve as a model for supportive housing across the country and establishes a 'green' design standard for affordable housing development throughout New York City.
Schermerhorn House is being developed by Common Ground Community, the leading innovator in the effort to end homelessness, in conjunction with The Actors' Fund of America.
Groundbreaking for Schermerhorn House marks the beginning of phase two of the Hoyt-Schermerhorn Urban Renewal Site, a two acre site being developed by Hamlin Ventures and Time Equities. The first phase of the project, 14 Townhouses, is the first major group of ground-up townhouses built in New York City since the 1920s. Nearing completion, 14 Townhouses was awarded the New York Chapter of the AIA Housing Design Award 2005 and the MIPIM Future Project Citation of Distinction.
The land for Schermerhorn House was donated by Hamlin Ventures and Time Equities who doubled the city mandate of 100 mixed income units to 217 supported units.
About Hamlin Ventures
Hamlin Ventures, LLC, a real estate development company and creative studio that focuses on select, design driven, projects ranging from townhouses, lofts and hotels to conceptualizing new ideas about cities, public spaces and how people interact within their built environments.
About Time Equities, Inc.
Time Equities, Inc., a privately held, full-service real estate company that has achieved success in both bull and bear real estate markets via disciplined investment strategies. With over 18.1 million square feet of property in 25 states and 4 Canadian provinces, Time Equities' properties include office, industrial and retail, as well as over 3,300 multi-family apartment units.
About Common Ground
Common Ground's mission is to solve homelessness. Common Ground accomplishes this mission by moving homeless people from streets and shelters into homes, and by assisting those most vulnerable to homelessness to maintain their housing. Common Ground is a 501 (c) 3 not for profit organization established in 1990 with programs in New York City, New York's Hudson Valley, and Connecticut.
About The Actors' Fund
The Actors' Fund of America is a nationwide human services organization that helps all professionals - both performers and those behind the scenes - in performing arts and entertainment. Founded in 1882, The Fund serves those in film, theatre, television, music, opera, and dance with a broad spectrum of programs including comprehensive social services, health services, supportive and affordable housing, emergency financial assistance, employment and training services, and skilled nursing and assisted living care. Administered from offices in New York, Los Angeles, and Chicago, The Actors' Fund is a safety net, providing programs and services for those who are in need, crisis, or transition.
About Larkin Public Relations
Larkin Public Relations provides comprehensive and strategic media planning to individuals and groups in the private and public sector committed to building better towns and cities. With clients in New York, the Hamptons and Palm Beach, Larkin Public Relations is a trusted source for trends in urban and luxury home living, and market information and analysis from the leading names in real estate it represents.