Beneficial tenancy approved for River Commons lease
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Description
The Council authorized NYC Health + Hospitals to execute a 99-year ground lease at 1225 Gerard Avenue naming River Commons Owners LLC as the beneficial tenant. The parcel, part of the Gotham-Morrisania facility’s parking lot, will support the River Commons development.
Contract Details
Vendor
RIVER COMMONS OWNERS LLC
Agency
Department of Probation (DOP), NY
Contract Type
FACILITIES
Document Date
October 29, 2025
Contract Term
99-year ground lease
Renewal Info
Single 99-year ground lease term; no renewal terms specified in the minutes.
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