May 13, 2024

Brooklyn Real Estate Leaders Launch Housing Creation Platform to Tackle NYC’s Affordability Crisis

BROOKLYN, N.Y.May 13, 2024 /PRNewswire/ — Ailanthus, a new housing creation platform that aims to create 10,000 new units in New York City over the next five years, was launched today by Ofer CohenTucker Reed and Vivian Liao. The principals have collaborated on several Brooklyn projects over the last five years, with a pipeline of approximately 1,500 housing units through developments such as 1057 Atlantic Avenue and 737 Fourth Avenue. As an extension of the platform’s mission-driven approach, Ailanthus will also commit a percentage of profits to local nonprofits through Brooklyn Org.

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