Plans for a housing project at the former IBM Country Club site have been in progress for over two years, but Conifer Development, the company responsible for the project, faced a setback due to a financing issue. Their proposal was not selected by the New York City Housing and Community Renewal Agency last spring.
Stacey Duncan, the executive director of Leadership Alliance, mentioned that it is common to have to submit multiple applications for projects like this. Despite the challenges faced during the development process, they are determined to continue moving forward with the project.
The project aims to transform the former IBM Country Club site into a housing development. However, with the financing setback, the timeline for the project’s completion may be delayed. Despite this hurdle, the team behind the project remains dedicated to seeing it through to completion.
Various factors, such as the complexity of the project and the need for multiple applications, have contributed to the challenges faced by Conifer Development in securing financing for the housing project. Despite these obstacles, the team is committed to overcoming them and ensuring that the project moves forward as planned.
It is clear that the team behind the housing project at the former IBM Country Club site is determined to see it through to completion, despite the challenges they have faced. With a commitment to moving forward and a dedication to the project’s success, they are working towards overcoming the financing hurdle and making their vision a reality.
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https://www.wbng.com/2024/06/28/housing-project-site-former-ibm-country-club-pause/?outputType=amp