The Real Deal New York

Posts Tagged ‘boricua village’

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    From left: Former Bronx Borough President Adolfo Carrion, Jr and architect Hugo Subotovsky
    Former Bronx Borough President Adolfo Carrion, Jr. was fined $10,000 by the city’s Conflict of Interest Board, the agency announced today, after he admitted to using an architect who was involved with a project that sought his approval to renovate his own City Island home.

    Carrion hired architect Hugo Subotovsky to design a $26,000 balcony and porch extension for his home in 2006, just as Subotovsky was part of a team seeking the city’s approval for a 452-unit, $81 million Bronx affordable housing project in Melrose known as Boricua Village. – Adam Fusfeld
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  • Fine’s not-so-fine year

    February 12, 2010 10:31AM
    Peter Fine
    Peter Fine

    From the February issue: No one could blame Peter Fine if he expected the past year to be easy
    – even amid the market turmoil. Widely regarded as one of the city’s
    top affordable housing developers, Fine started last year as the
    darling of the entertainment world, as the unlikely coproducer of a
    Tony Award-winning musical.
    With close ties to President Obama’s new urban development guru, he was also more politically connected than ever. However, while his Broadway show, “In the Heights,” has enjoyed
    continued success, Fine’s political connections and real estate career
    have taken a beating over the past year.  [more]

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  • The Manhattan District Attorney is investigating the alleged employment of undocumented workers and payment of substandard wages at projects run by Atlantic Development. Peter Fine, founder of Atlantic, is also the producer of Broadway’s “In the Heights.” Sources told the New York Post that investigators have been asking laborers about Atlantic’s wages and hiring practices. The company, which uses many subcontractors, develops affordable and low-income housing. Prosecutors raided Atlantic Development’s office in April. The company’s Boricua Village project in the Melrose neighborhood of the Bronx opened several months ago. [more]

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