Prev | Next Urban Investments Case Studies Read our success stories from New York, New Orleans and other cities across the country. Massachusetts Social Impact Bond The firm announced our third social impact bond investment, in partnership with the Commonwealth of Massachusetts and other investors. Social Impact Bond For Early Childhood Education The firm announced a new social impact bond which will enable at-risk children in Utah to receive a high-quality preschool education. Bluestone Jamaica Development, Queens, NY Bluestone Jamaica is a mixed-income, mixed-use residential development in Downtown Jamaica, Queens. Loew’s Kings Theatre, New York City In December 2012, UIG committed over $80 million of capital to finance the rehabilitation of Loew’s Kings Theatre, a currently vacant facility owned by New York City, into a modern, multi-use theatre. Located south of Prospect Park in Brooklyn, the renovation of Loew’s Kings Theatre is a critical component of New York City’s efforts to revitalize Central Brooklyn. Brooklyn Navy Yard, New York City Our Urban Investment Group (UIG) is committed to the redevelopment of the Brooklyn Navy Yard, to preserve the historic infrastructure of what was once the nation’s premier shipyard and a major industrial center that employed tens of thousands of individuals. Educational Alliance, New York City In August 2012, UIG committed $44.1 million of capital to finance the redevelopment of the Educational Alliance’s 100-year old historic headquarters in Manhattan’s Lower East Side neighborhood. Educational Alliance, one of New York’s original settlement houses, offers a wide range of programs that integrate education, social services, arts and recreation throughout lower Manhattan. Social Impact Bonds Goldman Sachs invested approximately $10 million in a “social impact bond” to help fund an initiative – which is in partnership with the City of New York, Bloomberg Philanthropies and MDRC, a social services provider – aimed at reducing the recidivism rate for adolescent offenders at the Rikers Island correctional facility. Teacher's Village Redevelopment Project, Newark, New Jersey UIG has committed approximately $100 million over the last three years to catalyze the development of Teachers Village. Located in Newark, Teachers Village is the first phase of a major redevelopment that will include more than fifteen million square feet of charter schools, housing for teachers, retail and office space. Providence Place, Salt Lake City In September 2010, we invested $5 million of Low-Income Housing Tax Credit equity to finance the construction of a 125-unit affordable residential building in Salt Lake City, Utah. Healthy Food and Healthy Communities Fund, New York State In July, 2010 we committed $40 million as the sole private-sector investor in the Healthy Food and Healthy Communities Fund. The Bradford, New York City Our Urban Investment Group (UIG) is the sole private investor in the Bradford, a mixed-use development in the Bedford-Stuyvesant section of Brooklyn. New York Equity Fund, New York City In October, 2009, we made a $61 million investment in the New York Equity Fund to develop affordable housing in Harlem, Brooklyn and the Bronx. Harmony Oaks, New Orleans The four largest public housing developments in New Orleans were hit hard by Hurricane Katrina, displacing thousands of people. Rebuilding those communities to allow residents to return is a major part of the region's revitalization strategy. The Kalahari, New York City In 2005, we invested $8.2 million in The Kalahari, the largest mixed-income home ownership project in New York City history. PS 90 and the National Dance Institute, New York City We committed $5.5 million in March 2008 to finance the rehabilitation of PS 90—a Harlem public school building abandoned for 30 years—into a mixed-income development with 75 residential condos and 13,000 square feet of community facility space.