The towers are not far from other high-rises, though they are far taller than their companions. The area purchased (at a very low price) was industrial, with the Metro-North Railroad's Hudson Line, the Major Deegan Expressway, and the Harlem River nearby for transportation. This allowed the River Park Towers, two modern skyscrapers, to be constructed while housing middle-income tenants. In addition, state bonds with low interest rates allowed rents to be relatively low despite providing modern amenities. With companies created to specialize is such projects, loans of around 90% to 95% of each project's cost were given. This program encouraged subsidized housing and many such projects sprung up throughout the city and state. In 1955, the Mitchell-Lama Housing Program was signed into law. It is built in the same vertically articulated style with "eight-inch-square, rusty-brown 'super bricks'" as Waterside Plaza, which was built in 1973 by the same design firm. Designed by Davis, Brody & Associates, both buildings were built with the intention to provide affordable, yet somewhat modern housing to the working class. Currently, no other building in the Bronx has exceeded this height. Completed in 1975, they became the tallest buildings in the borough, ahead of Tracey Towers and the multiple high-rises encompassing Co-op City. River Park Towers or the Harlem River Park Towers are two 38-story, and two 44-story residential buildings in the Bronx, New York City. Although not labeled, the towers are the two tall buildings to the left of the river, in the bottom right corner (on the east bank). “We are pleased with our experience so far and look forward to a long and mutually beneficial partnership.Residential skyscrapers in the Bronx, New York River Park Towers A diagram of the Harlem River. “We are thrilled to have the opportunity to work with a real estate property management firm with solid experience managing Mitchell-Lama cooperative communities such as ours,” said Nestor Ortiz, Jamie Towers co-op board president. “We also thank the New York State Division of Housing and Community Renewal for their efforts throughout this competitive, multi-phase bidding process.” “We are excited to welcome the Jamie Towers community to the Maxwell-Kates family and are honored that their board and shareholders trust us to manage their most valuable assets,” said Maxwell-Kates President David DeGidio. The New York State Division of Housing and Community Renewal oversees Mitchell-Lama developments and works with owners as they provide low-cost financing tools to help maintain the developments while also extending their affordability. The Mitchell-Lama Program was created by the Limited Profit Housing Act in 1955 to provide middle-class homeowners throughout the state with affordable housing. MKI is one of only a handful of property management firms designated by New York City and New York State as Mitchell-Lama management specialists. Jamie Towers joins several additional Mitchell-Lama communities that are already longstanding MKI clients. Fish and Kenia Vargas as onsite property manager and assistant property manager, respectively. To oversee the complex, MKI has brought on property management veterans Frank J. The Jamie Towers complex includes four buildings with 620 units featuring a central green space, swimming pool, playground, community room, and outdoor parking. (MKI), an Associa company and leading provider of property management services in New York City, is pleased to announce that Jamie Towers, a Mitchell-Lama cooperative located in the Castle Hill section of the Bronx, has selected the company as its managing agent of record. NEW YORK, (GLOBE NEWSWIRE) - Maxwell-Kates, Inc.
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