HPD, HDC And Preservation Development Partners Announce The Renovation Of Albert Goodman Plaza A 4-Building Affordable Housing Complex In The Bronx

New York, NY – January 22, 2014 – (RealEstateRama) — The New York City Department of Housing Preservation and Development (HPD), the New York City Housing and Development Corporation (HDC) and Preservation Development Partners announce the $41 million acquisition and financing for the rehabilitation of Albert Goodman Plaza, a four-building 252-unit complex in the Bronx. The property, which had fallen into disrepair under its previous owner, was acquired by Preservation Development Partners, a joint venture of developers Francine Kellman, Brian Raddock, Donald Capoccia, Joseph Ferrara, and Brandon Baron.