Affordable Housing Plan for Freedom Plaza in Manhattan Unveiled by Soloviev Group, Offering 513 Homes for Working Families
Breaking News: Freedom Plaza, an ambitious new development in the heart of Midtown Manhattan, is set to deliver 1,049 residential units, with a significant focus on affordable housing.
This transformative project, masterminded by the Soloviev Group and designed by BIG-Bjarke Ingels Group, will reshape the Manhattan skyline while addressing the urgent need for affordable living spaces. Over 500 units will be dedicated to working-class families, with more than 20 being offered as affordable condominiums to promote home ownership.
Situated on a 6.3-acre plot from 38th to 41st Street east of First Avenue, Freedom Plaza is more than just a development—it's a testament to community-focused growth. Union labor will construct every inch of this project, ensuring fair wages and job opportunities for local residents.
The mixed-use development will feature a breathtaking 5-acre public park designed by OJB Landscape Architecture, as well as locally oriented retail, shopping, and dining options. A daycare center, food market, a museum dedicated to democracy, and a community center are also part of the plan. Two world-class hotels from Mohegan and Banyan Tree Hotels & Resorts will clink glasses with modern gaming for the over-21 crowd.
Michael Hershman, CEO of Soloviev Group, describes Freedom Plaza as a visionary dream come true. "This project embodies a transformative vision for Manhattan's East Side," he says. "We're not just creating a thriving community—we're empowering working families and driving the region's economic growth."
"Freedom Plaza is a bold statement for inclusivity, sustainability, and lasting prosperity," adds Reverend Brian D. Scott, Senior Pastor of Union Baptist Church of Harlem. Melanie Aucello, President of 344 East 28th Street Tenant Association, hails the initiative as a significant step towards addressing the housing needs of working families in the city.
Recent developments include the support of 26 key New York labor organizations and workforce development partners through signed Memorandums of Understanding. The project is poised to create 17,000 union construction jobs and permanent positions, generating billions in economic impact for the region.
To further bolster local employment, Mohegan's Momentum Partnership Program for New York City will provide flexible gaming-based rewards to incentivize hotel and gaming venue guests to support local businesses. The program has been endorsed by The New York State Restaurant Association, ensuring a thriving economy for businesses within and beyond the development.
With its commitment to sustainable community development, job creation, environmental responsibility, and affordable housing, Freedom Plaza is poised to leave a lasting impact on the East Side of Manhattan.
- Freedom Plaza, a development in Midtown Manhattan's heart, will deliver 1,049 residential units in 2025, with a focus on affordable housing for working-class families.
- As part of the Freedom Plaza project, more than 20 affordable condominiums will promote home ownership, making a difference in the Manhattan housing-market.
- The Soloviev Group's ambitious project, Freedom Plaza, will reinvest in the community by employing Union labor, creating 17,000 jobs and generating billions in the finance and local economy.
- In addition to hotels, Freedom Plaza will include a community center, daycare center, food market, museum dedicated to democracy, and retail, shopping, and dining options that cater to the local community.
- By prioritizing sustainable, inclusive, and community-focused growth in Manhattan's East Side, Freedom Plaza aims to set a new standard in real-estate development, ensuring lasting prosperity for the region.
