NYCEDC Unveils Next Cohorts for Two Groundbreaking Initiatives, Advancing Regulatory Innovation for Climate Technologies with Key Partners, P10

By NYCEDC

August 07 2025

Photo / Image Source: Unsplash,

New York Climate Exchange is building a Climate Hub on Governors Island, the largest mass timber commercial project in NYC, totaling more than 140,000 square feet. The new construction portion of the project will house a world class convening space, research labs, and classrooms for a wide range of educational and training programs. The timeline includes construction starting in 2026 and an official opening in Fall 2029.
Stapleton B4/B5 Residential, which was announced with Mayor Adams in May 2025, will be the largest mass timber residential development in New York City with approximately 500 units, both affordable and market rate.
Soundview Recreation Center is a new 45,000 square foot recreation center in the Bronx with mass timber structural elements.
Ganeinu Academy is a 20,000 square foot addition to an existing school in Fresh Meadows, Queens—rebuilt with robust resiliency measures—to repair damage caused by flooding during Hurricane Ida in 2021 and protect against future climate risks.
Shirley Chisholm Pavilion is a 1,200 square foot open-air pavilion at the southeast corner of Prospect Park—offering respite for parkgoers and a display celebrating Shirley Chisholm’s legacy.
Dockbuilders Pier is 3,100 square foot building to support Staten Island Ferry operations.
5 Timber Houses is five 4-story houses, totaling 20,000 square feet and designed to Passive House standards with geothermal energy in Park Slope, Brooklyn.