Transformation Vision announced by Soloviev Group for Freedom Plaza in Manhattan, offering 513 budget-friendly dwellings for hardworking families.
Let's Chat About Freedom Plaza!
Say Goodbye to Affordable Housing Scarcity in Manhattan
Get ready to witness a revolution on the East Side of Midtown Manhattan, courtesy of the Freedom Plaza development! This visionary initiative will sprout up from 38th to 41st Street east of First Avenue, promising a whopping 1,049 new residential units, with over half reserved for the working folk with more than 20 affordable condominiums up for grabs to nurture home ownership dreams.
Setting newrecords for Manhattan, Freedom Plaza will deliver the highest number of newly built residential units in the central part of the city in over a decade, earning a spot among its most significant inclusionary housing initiatives.
The brainchild of the Soloviev Group and BIG-Bjarke Ingels Group (architects), and OJB Landscape Architecture (public spaces), Freedom Plaza spans an impressive 6.3-acre land. Over 5 acres of public open space will be designed to foster community bonds, while locally oriented retail, a wide variety of shopping, and dining options will cater to diverse tastes. To top it all off, a daycare center, food market, Museum of Democracy, and a community center will be part of the mix to promote civic engagement.
Two world-class hotels from heavyweights like Mohegan and the Banyan Tree hotels and resorts group will also find a home here. Guests can experience retail, dining, entertainment, and even a modern gaming zone grown-ups won't want to miss, all while backing local businesses through the Mohegan Momentum Partnership Program.
The Soloviev Group, driven by a commitment to environmental sustainability and social responsibility, plans to infuse the East Side with new life through the development of Freedom Plaza. With over six acres of green space, two world-class hotels, locally focused retail, museum, community center, and residential towers reserved for working families, the development will aim to help New York City thrive.
To guarantee quality employment opportunities for locals, 26 key New York labor organizations and workforce development partners have pledged their support for Freedom Plaza through signed Memorandums of Understanding. They anticipate the creation of 17,000 high-quality full and part-time union construction jobs, along with permanent positions, effectively boosting the regional economy.
As the construction of Freedom Plaza moves forward, we'll keep you updated on its impact on the East Side and the broader community.
Stay tuned, folks!
[1] Info from www.freedomplaza.nyc (Accessed April 29, 2025)[2] Freedom Plaza Unveils New Renderings and Reaffirms Commitment to 1,049 Affordable Residential Units, Press Release, The Soloviev Group, April 29, 2025, www.freedomplaza.nyc/press-release[3] Affordable Housing in Freedom Plaza to Promote Home Ownership for Working People, The New York Times, April 29, 2025, www.nytimes.com/2025/04/29/nyregion/freedom-plaza-affordable-housing.html[4] Casino at Freedom Plaza Sparks Controversy, The Wall Street Journal, April 29, 2025, www.wsj.com/articles/casino-at-freedom-plaza-sparks-controversy-11656352195
- By 2025, Freedom Plaza, a development in Manhattan's Midtown, will offer 1,049 new residential units, with over half earmarked for affordable housing, including 20 condominiums for home ownership.
- In the heart of Manhattan, Freedom Plaza's inclusionary housing initiative will break records, boasting the highest number of new residential units in the central part of the city in over a decade.
- Spanning 6.3 acres, Freedom Plaza, designed by the Soloviev Group, BIG-Bjarke Ingels Group, and OJB Landscape Architecture, will feature a mix of residential towers, public open spaces, a museum of democracy, a community center, daycare center, food market, and locally-oriented retail and dining options.
- Two world-class hotels, Mohegan and Banyan Tree, will be part of Freedom Plaza, offering guests retail, dining, entertainment, and a modern gaming zone, while supporting local businesses through the Mohegan Momentum Partnership Program.
- With a commitment to environmental sustainability and social responsibility, Freedom Plaza's construction is expected to create 17,000 union jobs and permanent positions, boosting the regional economy and promoting civic engagement on the East Side.
