Taconic Investment restores hope with Eastchester Heights

Sometimes, real estate development is about more than buying and selling properties Landscaping Rock. Taconic Investment Partners, for example, transforms neighborhoods.

Nowhere perhaps in the entire five boroughs is this better executed than in the North Bronx neighborhood of Baychester, where the Manhattan-based Taconic purchased a mammoth five-block, 114-building, 1,416-unit apartment complex, riddled with drugs and prostitution.

“It’s part of a focused strategy to buy properties that can turn around an entire area,” says Charles Bendit, a founder of Taconic, who also owns the full-block-size 111 Eighth Ave., between 15th and 16th Sts., and the Apple Store building in the Meatpacking District. “With large projects, you can create value by re-creating entire neighborhoods. Everyone benefits - the residents, us as owners as the asset appreciates in value, and the community.”

While this might sound like idealistic developer-speak or masquerade for profit-driven long-term planning, Taconic’s immediate impact through community outreach programs, apartment renovations and security upgrades has given new life and a new name - Eastchester Heights - to this Boston Road residential complex that locals once nicknamed “Homicide Homes.”

“When this housing complex sneezes, the entire area catches a cold,” says Harley Frank, Taconic’s residential asset manager, spearheading tenant-landlord relations and Eastchester’s makeover. “If each household spends $100 per week on nearby Boston Road, that’s $140,000 per week spent right in this neighborhood. That’s a lot of money.”

The history and architecture: This massive development is an architectural gem. Designed by Clarence Stein, one of America’s most famous architects of the 1930s, Eastchester Heights was built as a planned community for middle-income city residents. Stein Landscaping Rock, involved in the design of Sunnyside Gardens in Queens, studied planning and landscaping in England.

His work at Eastchester Heights, originally called Hillside Homes, complements the landscaping with large interior spaces across a series of four- and six-story brick buildings that rise with the hilly landscape. The streets act as terraces. Plush interior courtyards that look more like meadows harmoniously coexist with dark red-brick buildings accented by arched passageways and sidewalks serving as paths.

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Tuesday, June 10th, 2008

No water warning angers schools

Several pupils and staff at Balfour and Lumsden primary schools are believed to have drunk water without boiling it as required on Monday, exposing themselves to potential bugs in the water supply.
The council failed to inform the schools directly that the water was a health risk, they said.
Lumsden and Balfour residents on the rural water supply were warned through news reports this week to boil their water after flood water entered the water scheme.
Balfour School principal Stuart Riordan said he found out from a teacher only on Tuesday morning, about 24 hours after the initial health warning had been put in place.
He then told Lumsden Primary and Northern Southland College.
A simple phone call from the council would have prevented some of his pupils from drinking water deemed a health risk on Monday, he said.
%26quot;I would have expected the powers that be to ring all the schools in the area … the worst-case scenario would have been half our kids being away sick for the next week or two.%26quot; Southland District Council communications manager Louise Pagan disagreed. %26quot;I dont think it would have been two weeks. It was only a bit of dirty water,%26quot; she said.
Lumsden Primary principal Rowena Miller said the issue had been poorly managed by the Southland District Council. %26quot;You rely on outside agencies to do their part, especially when its health related.%26quot; Mrs Pagan said she had informed the media as she was asked to do.
The issue would be discussed in a council debrief and if things could be improved, they would.
Council water and waste services asset manager Justin Reid said it was not possible to tell everyone, and regular radio reports had been used to inform the public.
Northern Southland College pastoral dean Pam Read confirmed her school had also not been informed of the boil water policy on Monday, but had no problems with that.
The council says everyone in Lumsden and Balfour and rural consumers connected to the scheme, including Castlerock, St Patricks, Longridge North and Glenure, should continue to boil their water until told otherwise.

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Friday, March 7th, 2008

Gore bans domestic sprinklers

Utilities asset manager Ross Haslemore said yesterday there had been a noticeable drawoff of water after 5pm each day.
The Gore reservoir was dropping to 50 percent capacity and not recovering until 7am the next day, he said. %26quot;Water is going out faster than it is going in.%26quot;
The use of sprinklers was the main reason, he said.
It was obvious that people were getting home from work and turning on their sprinklers. Some were being left on overnight, Mr Haslemore said. The continuing dry spell also meant the town supply wells were not drawing the same amount of water as usual from the aquifers, he said.
The ban was only on residential sprinklers. Commercial operators, such as garden centres, were still able to use their sprinkler systems. Residents were able to water their gardens only with a hand held hose, on alternate days, between the hours of 6am to 9am and 6pm to 9pm.
Mr Haslemore said the council would be closely monitoring the restrictions and giving %26quot;a gentle reminder%26quot; to anyone found using a sprinkler. A second visit could result in high water users getting a water meter installed and having to pay accordingly, he said.
High e-coli levels in the Mataura River, at Gore, has prompted a warning to swimmers.
Environment Southland environmental scientist Jane Kitson said people should carefully choose their swimming spots as e-coli levels fluctuate.
Early last week the level was higher than recommended levels but had dropped back by the end of the week.
Meanwhile, Invercargill City Council water services manager Alister Murray urged people to be water smart.
Sprinkler bans could be introduced if demand outstripped supply, or if the council was not able to take water from the Oreti River if it dropped below a certain flow level, Mr Murray said.
Water restrictions, banning sprinklers and irrigation systems, for Ohai and Nightcaps residents are still in place. They were imposed on December 18.
MetService spokesman Bob McDavitt said the fine, sunny weather would remain in most parts of the country all week thanks to another %26quot;lazy anticyclone%26quot; the dominant weather pattern of our summer.

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Wednesday, January 30th, 2008

District assets manager moving on

However, Mr Jorgensen yesterday stressed his departure had nothing to do with the staffing issues that have plagued the council during the past two years. The council is under investigation by the Department of Labour after four former employees laid complaints alleging health and safety breaches.
Mr Jorgensen praised chief executive Steve Parry as an employer and said he was leaving purely on personal grounds.
It had been a hard decision to leave but the time had come to trying new challenges and move closer to family and friends, Mr Jorgensen said.
He and his family would be moving to Christchurch where Mr Jorgensen intended to continue working as an engineer but was unsure whether he would remain with local government or work in the private sector.
Mr Jorgensen joined the council six years ago and worked as utilities asset manager before being appointed district assets general manager in 2004.
His tenure had been challenging and rewarding, and Mr Parry had been a fantastic mentor, Mr Jorgensen said. His resignation was effective from April 18.

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Wednesday, January 23rd, 2008