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 (OTC PINK:AWSL) announces completion of Phase One and commencement of Phase Two of the Atlantic Chestnut development in New York City. The project, part of NYC's affordable housing initiative, features three interconnected 14-story buildings spanning 4.5 acres.
Phase One, completed in 2023, included 7,900 square feet of KBI Flexi-Pave walking paths on the rooftop courtyard and ninth floor. Phase Two, starting March 2025, will add 7,350 square feet of the same sustainable paving solution.
The development's distinctive feature is its 'Rooftop Green Ribbon' terrace, connecting all three buildings at the ninth floor with a quarter-mile walking loop. The project, designed by Dattner Architects and developed by Phipps Houses, aligns with NYC's Department of Housing Preservation and Development's goal to create over 1,200 affordable housing units while incorporating green infrastructure.
Atlantic Power & Infrastructure (OTC PINK:AWSL) annuncia il completamento della Fase Uno e l'inizio della Fase Due dello sviluppo Atlantic Chestnut a New York City. Il progetto, parte dell'iniziativa per l'abitazione accessibile di NYC, comprende tre edifici interconnessi di 14 piani che si estendono su 4,5 acri.
La Fase Uno, completata nel 2023, ha incluso 7.900 piedi quadrati di KBI Flexi-Pave percorsi pedonali nel cortile sul tetto e al nono piano. La Fase Due, che inizierà a marzo 2025, aggiungerà 7.350 piedi quadrati della stessa soluzione di pavimentazione sostenibile.
La caratteristica distintiva dello sviluppo è la terrazza 'Rooftop Green Ribbon', che collega tutti e tre gli edifici al nono piano con un percorso pedonale di un quarto di miglio. Il progetto, progettato da Dattner Architects e sviluppato da Phipps Houses, è in linea con l'obiettivo del Dipartimento di Conservazione e Sviluppo Abitativo di NYC di creare oltre 1.200 unità abitative accessibili, integrando al contempo infrastrutture verdi.
Atlantic Power & Infrastructure (OTC PINK:AWSL) anuncia la finalización de la Fase Uno y el inicio de la Fase Dos del desarrollo Atlantic Chestnut en la ciudad de Nueva York. El proyecto, parte de la iniciativa de vivienda asequible de NYC, cuenta con tres edificios interconectados de 14 pisos que abarcan 4.5 acres.
La Fase Uno, completada en 2023, incluyó 7,900 pies cuadrados de KBI Flexi-Pave caminos peatonales en el patio de la azotea y en el noveno piso. La Fase Dos, que comenzará en marzo de 2025, añadirá 7,350 pies cuadrados de la misma solución de pavimentación sostenible.
La característica distintiva del desarrollo es su terraza 'Rooftop Green Ribbon', que conecta los tres edificios en el noveno piso con un circuito peatonal de un cuarto de milla. El proyecto, diseñado por Dattner Architects y desarrollado por Phipps Houses, se alinea con el objetivo del Departamento de Conservación y Desarrollo de Vivienda de NYC de crear más de 1,200 unidades de vivienda asequible, al mismo tiempo que incorpora infraestructura verde.
Atlantic Power & Infrastructure (OTC PINK:AWSL)는 뉴욕시의 Atlantic Chestnut 개발의 1단계 완료와 2단계 시작을 발표했습니다. 이 프로젝트는 NYC의 저렴한 주택 이니셔티브의 일환으로, 4.5 에이커에 걸쳐 14층의 세 개의 상호 연결된 건물로 구성되어 있습니다.
2023년에 완료된 1단계에는 옥상 안뜰과 9층에 7,900 평방피트의 KBI Flexi-Pave 보행로가 포함되었습니다. 2025년 3월에 시작되는 2단계에서는 동일한 지속 가능한 포장 솔루션의 7,350 평방피트를 추가할 예정입니다.
이 개발의 독특한 특징은 9층에서 세 개의 건물을 연결하는 'Rooftop Green Ribbon' 테라스이며, 0.25 마일의 보행 루프가 있습니다. Dattner Architects가 설계하고 Phipps Houses가 개발한 이 프로젝트는 NYC 주택 보존 및 개발 부서의 목표인 1,200개 이상의 저렴한 주택 유닛을 창출하면서 녹색 인프라를 통합하는 것과 일치합니다.
Atlantic Power & Infrastructure (OTC PINK:AWSL) annonce l'achèvement de la Phase Un et le début de la Phase Deux du développement Atlantic Chestnut à New York. Le projet, qui fait partie de l'initiative de logement abordable de NYC, comprend trois bâtiments interconnectés de 14 étages s'étendant sur 4,5 acres.
La Phase Un, achevée en 2023, a inclus 7 900 pieds carrés de KBI Flexi-Pave chemins piétonniers dans la cour sur le toit et au neuvième étage. La Phase Deux, qui débutera en mars 2025, ajoutera 7 350 pieds carrés de la même solution de pavage durable.
La caractéristique distinctive du développement est sa terrasse 'Rooftop Green Ribbon', qui relie les trois bâtiments au neuvième étage avec une boucle de marche d'un quart de mile. Le projet, conçu par Dattner Architects et développé par Phipps Houses, s'aligne sur l'objectif du Département de la préservation et du développement du logement de NYC de créer plus de 1 200 unités de logement abordable tout en intégrant des infrastructures vertes.
Atlantic Power & Infrastructure (OTC PINK:AWSL) gibt den Abschluss der Phase Eins und den Beginn der Phase Zwei der Atlantic Chestnut Entwicklung in New York City bekannt. Das Projekt, Teil der Initiative für bezahlbaren Wohnraum in NYC, umfasst drei miteinander verbundene 14-stöckige Gebäude, die sich über 4,5 Acres erstrecken.
Die Phase Eins, die 2023 abgeschlossen wurde, beinhaltete 7.900 Quadratfuß KBI Flexi-Pave Gehwege im Innenhof auf dem Dach und im neunten Stock. Die Phase Zwei, die im März 2025 beginnt, wird 7.350 Quadratfuß derselben nachhaltigen Pflasterlösung hinzufügen.
Das markante Merkmal der Entwicklung ist die 'Rooftop Green Ribbon' Terrasse, die alle drei Gebäude im neunten Stock mit einer viertel Meile langen Laufstrecke verbindet. Das Projekt, entworfen von Dattner Architects und entwickelt von Phipps Houses, steht im Einklang mit dem Ziel des NYC Departments für Wohnungsbewahrung und -entwicklung, über 1.200 bezahlbare Wohneinheiten zu schaffen und gleichzeitig grüne Infrastruktur zu integrieren.
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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 pedestrian use. CEO and Chairman Kevin Bagnall stated, "It is exciting to see the use of KBI Flexi®-Pave in projects like this in the Five Boroughs of New York City."
As urbanization continues to increase, dilemmas regarding affordable housing, walkability, stormwater management and community resources- to name a few- will continue to drive actions toward logical, proven, sustainable solutions. Mr. Bagnall continued, "The acceptance with KBI Flexi®-Pave's superior paving features and benefits being utilized and recognized by the distinguished Architectural and Engineering companies that are involved with this prestigious project is indeed a testament to API's flagship "Scrap Tire Construction Products™. We are honored to be a part of it."
About Atlantic Power & Infrastructure Corp.
Atlantic Power and Infrastructure Corp.provides environmental technologies including converting recycled tire material into proven, sustainable infrastructure products. Its flagship product Flexi®-Pave's resounding strength, flexibility and porous nature which protects from land erosion has led to its use in high profile shoreline break walls and other marine and infrastructure projects.
About Next Generation Agriculture (NGAG)
AP&I's Next Generation Agriculture division focuses on innovative agricultural solutions, emphasizing sustainable practices such as NGAG's ASCOGEL.ASCOGEL's improved formulation contains increased levels of bio stimulation for plant establishment and growth. Through ASCOGEL's solutions for optimal water regime and improved soil structure support, its melioration benefits significantly increase crop yields and reduce crop yield risks associated with droughts and/or excessive precipitation.
About KBI Flexi®-Pave
KBI Flexi®-Pave, harnessing the natural strength of recycled tire granules through KBI's proprietary technology, creates sustainable infrastructure construction products. Renowned for its permeability, flexibility, crack resistance, trip hazard resistance, and slip resistance, KBI Flexi®-Pave has seen successful installations in prestigious locations on a global scale.
About AP&I's Water Purification Next Generation (WPNG)
AP&I subsidiaries address global challenges, such as harmful algae and red tide infestation growing health hazard, with its Algae Vessels (AVs). Operating with a zero-carbon footprint, the AVs utilize wind and solar power to eliminate harmful algae blooms in water bodies worldwide. WPNG water purification technology removes harmful algae blooms from freshwater rivers and lakes, and Red Tide algae blooms from salt water.
Disclaimer: Shareholders and investors are strongly cautioned against placing undue reliance on information set forth within this website and these communications in making any investment decisions concerning our securities. The matters set forth in this press release are forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially. These risks are detailed from time to time in the Company's periodic reports filed with the OTCMarkets.com including the company's Annual Report, Quarterly Reports, and other periodic filings. These forward-looking statements speak only as of the date hereof. The Company disclaims any intent or obligation to update these forward-looking statements. Nothing within this site is meant to be a solicitation to buy.
Contact Information
Stephanie Williams
Government Liaison
swilliams@apaicorp.com
SOURCE: Atlantic Power & Infrastructure Corp.
View the original press release on ACCESS Newswire
FAQ
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