Atlantic Power & Infrastructure Corp. and K.B. Industries Celebrate Completion of Phase One and Beginning of Phase Two of Atlantic Chestnut
Tampa, FL – March 12, 2025 – Atlantic Power & Infrastructure Corp. (AWSL), a leading energy infrastructure company, and its wholly owned subsidiary, K.B. Industries, have announced the successful completion of Phase One and the beginning of Phase Two of the Atlantic Chestnut construction development in the Five Boroughs of New York City. K.B. Industries was awarded a subcontract for a portion of the rooftop of this major project.
Completion of Phase One
Phase One of Atlantic Chestnut involved the construction of a 30-story mixed-use building, featuring 250 residential units, 50,000 square feet of retail space, and a 3-level parking garage. The building also includes state-of-the-art green technologies, such as solar panels and rainwater harvesting systems, making it an environmentally friendly addition to the city. The completion of this phase marks a significant milestone for the project and demonstrates the commitment of Atlantic Power & Infrastructure Corp. and K.B. Industries to sustainable urban development.
Beginning of Phase Two
Phase Two of Atlantic Chestnut will see the construction of two additional residential towers, each 45 stories tall, with a total of 800 residential units. The development will also include a new public park, community facilities, and additional retail space. K.B. Industries’ subcontract for the rooftop involves the installation of solar panels and green technologies, further contributing to the project’s sustainability efforts. This phase is expected to be completed by 2027.
Impact on the Community
The Atlantic Chestnut development is expected to bring numerous benefits to the local community. The residential units will provide affordable housing options, reducing the pressure on the city’s housing market. The retail space will create new jobs and stimulate economic growth. The public park and community facilities will offer recreational opportunities and improve the quality of life for residents. Furthermore, the use of green technologies will help reduce the carbon footprint of the development and contribute to the city’s sustainability goals.
Impact on the World
The successful completion of Atlantic Chestnut is a significant step forward in sustainable urban development. The project’s use of green technologies, such as solar panels and rainwater harvesting systems, sets a new standard for sustainable building practices. The development’s commitment to reducing its carbon footprint and providing affordable housing options is a model for other cities around the world. Furthermore, the project is expected to create new jobs and stimulate economic growth, contributing to the global economic recovery.
Conclusion
Atlantic Power & Infrastructure Corp. and K.B. Industries have achieved a major milestone with the successful completion of Phase One and the beginning of Phase Two of the Atlantic Chestnut development in the Five Boroughs of New York City. The project’s commitment to sustainability, affordable housing, and economic growth sets a new standard for urban development. The use of green technologies and the creation of new jobs will have a positive impact on the local community and contribute to the global effort to reduce carbon emissions and promote sustainable development. We look forward to the continued progress of this exciting project.
- Atlantic Power & Infrastructure Corp. and K.B. Industries announce completion of Phase One and beginning of Phase Two of Atlantic Chestnut
- Mixed-use building features 250 residential units, 50,000 square feet of retail space, and a 3-level parking garage
- Phase Two includes two additional residential towers and a public park
- Use of green technologies sets new standard for sustainable building practices
- Project expected to create new jobs and stimulate economic growth
- Contributes to global effort to reduce carbon emissions and promote sustainable development
