Lloyd Goldman delivers latest blow to Jersey City’s art district

TRD New York /
Jun.June 25, 2012 12:30 PM

The newest dispute surrounding development of Jersey City’s Powerhouse Arts District comes in the form of a Lloyd Goldman-backed 500-unit high-end development that, in its latest incarnation, would not be required to include affordable housing inside, the Wall Street Journal reported. However, some City Council members and locals say they think this development will prove to be the final blow to a district where officials had promised to create a safe haven for artists through the inclusion of cheap lofts.

Negotiations are still on the table to keep the affordable housing option within the district, but a decision is still weeks away.

“We’re an artists’ district by name only,” Kevin Pollack, who lives in the area and is on the board of the Powerhouse Arts District Neighborhood Association, told the Journal, “especially if we get rid of the affordable housing.”

But according to Goldman, there will be affordable housing development, albeit offsite. He said his tower at 110 First Street would bring new development to a vacant area, as well as new residents, construction jobs and tax revenues that boost the economy. Originally, he had agreed to create 50 units of affordable housing at 110 First Street, half on-site and half off. But now, city officials said, he will contribute $2.5 million to construct 25 cheaper units off-site in the Heights neighborhoods. [WSJ]


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)

Nonprofit plans affordable housing development near Essex Crossing

Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag

All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
(iStock)

Yes in God’s Backyard: How building affordable housing could be a lifeline for churches

Yes in God’s Backyard: How building affordable housing could be a lifeline for churches
President Donald Trump (Getty, iStock)

Trump tweets that he “may END” Obama-era fair housing regulation

Trump tweets that he “may END” Obama-era fair housing regulation
City Council member Vanessa Gibson, Speaker Corey Johnson and City Council member Brad Lander (Getty)

Why the City Council abandoned affordable housing

Why the City Council abandoned affordable housing
Barika Williams of Association of Neighborhood and Housing Development and Adam Weinstein, CEO of Phipps Houses

Affordable housing experts talk systemic change

Affordable housing experts talk systemic change
A new report finds homes still unaffordable for majority of Americans (iStock)

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties

TRD Insights: Homeownership unaffordable for average wage earner across 75% of US counties
Competition for affordable housing in New York City is highest among those who need affordable housing most (Getty, iStock)

Poorest face worst odds in city’s housing lotteries

Poorest face worst odds in city’s housing lotteries
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...