new_york_city_council_meeting_minutes_october_29_2.pdf
Council OKs 99-year River Commons ground lease
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Description
The Council approved a 99-year ground lease allowing NYC Health + Hospitals to lease about 42,000 square feet at 1225 Gerard Avenue to River Commons Housing Development Fund Company Inc. The leased parcel, currently part of the Gotham-Morrisania parking lot, will be repurposed under the River Commons project.
Contract Details
Vendor
RIVER COMMONS HOUSING DEVELOPMENT FUND COMPANY INC
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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