Business
Atlantic Power & Infrastructure (AP&I) Celebrates the Successful Completion of Phase One and the Beginning of Phase Two of the Atlantic Chestnut Development Located Within the Five Boroughs of New York City
Atlantic Power & Infrastructure (AP&I) Celebrates the Successful Completion of Phase One and the Beginning of Phase Two of the Atlantic Chestnut Development Located Within the Five Boroughs of New York City.
About this update from Atlantic Power & Infrastructure Corp.
[{"type":"text","content":"TAMPA, FL / ACCESS Newswire / March 12, 2025 / Atlantic Power & Infrastructure Corp. (OTC PINK:AWSL) and its wholly owned subsidiary, K.B. Industries, celebrate the successful completion of Phase One and the beginning of Phase Two of Atlantic Chestnut, a major construction development located in the Five Boroughs of New York City, to which a portion of the rooftop was subcontracted to one of K.B. Industries' Certified Installers operating in the Tri-State Area. According to the Notice of Completion- Final Environmental Impact Statement released by the City of New York's Department of City Planning in 2016, Mayor Bill de Blasio released a strategic plan in 2014 "to build and preserve affordable housing throughout New York City in coordination with sustainable infrastructure investments" targeting communities across the five boroughs.Among these projects included a neighborhood in East New York, Atlantic Avenue, which remains the largest corridor running through the area and one of the main thoroughfares in Brooklyn. According to the East New York Community Plan, the Department of Housing Preservation and Development (HPD) prioritized the development of over 1,200 units of affordable housing, including the once industrial Dinsmore­ Chestnut site on Atlantic Avenue, now known as Atlantic Chestnut. In addition to affordable housing, another primary goal of HPD was to "build new green infrastructure throughout the neighborhood."Turning this edifice into an architectural masterpiece has been no small feat. Designed by Dattner Architects and developed by Phipps Houses, the 14-story Atlantic Chestnut building spans an entire city block, encompassing 4.5 acres with 3 interconnected, mixed-use buildings. One of the most prominent features of this spectacle is its "Rooftop Green Ribbon" terrace which links the three buildings at the ninth-floor roof featuring a walking path that runs from end to end, with a full 2-way loop representing a ¼ mile walk.Phase One was completed in 2023, featuring a total of 7900 square feet of KBI Flexi®-Pave walking paths along the rooftop Courtyard and Ninth Floor. As Phase Two of the project is scheduled to begin this month, another 7350 square feet of KBI Flexi®-Pave is scheduled to be placed along the Courtyard and Ninth Floor for walking paths and pede...