Representatives of the AFL-CIO Investment Trust Corporation (ITC) and PNC Realty Investors, Inc. (PRI), made a recent site visit to the Riverhouse project currently under construction in New York's Battery Park City. The AFL-CIO Building Investment Trust (BIT) provided $74 million in financing for the $430 million mixed-use development that will feature 264 condominium units, 369 underground parking spaces, 27,000 square feet of community space and 1,400 square feet of retail space. Riverhouse is Battery Park City's only waterfront condominium development. Approximately 60% of the units were already under contract at the end of the first quarter.

Visiting BIT's Riverhouse project in New York are, from right, ITC's Mike Arnold and PRI's Kevin McCarthy and Paul McDermott. The ITC provides marketing, labor and investor relations services to the BIT while PRI provides investment advisory services.		Work on Riverhouse is generating approximately 2,300 union jobs for members of the local building and construction trades.