Affordability dispute delays W. 57th St. project

Councilwoman insists affordable housing should be permanent at Durst Fetner Residential’s pyramid project

New York /
Jan.January 31, 2013 09:30 AM

Final City Council approval for Durst Fetner Residential’s development at 625 West 57th Street is being stymied by a dispute over an affordable housing provision, Crain’s reported.

The council was expected to vote Tuesday on the fate of the 32-story, 753-unit pyramid-shaped development in Hell’s Kitchen near the Hudson River, which had received approval from the City Planning Commission in December.

But the affordable housing issue pushed the meeting to today. As part of the city’s 80/20 program, 150 units are slated to be affordable, a provision for which Durst Fetner received tax abatements. The developer, however, is only promising to keep the units affordable for 35 years, and Councilwoman Gale Brewer along with the community board have said that the affordability should be permanent.

In response, Durst Fetner said that it cannot do this as it only has a 99-year lease on the property, located between 56th and 57th Streets and 11th Avenue and the West Side Highway. To placate Brewer, the developer said it would add 20 more affordable units by redeveloping a self-storage building it owns on the corner of 57th Street and 11th Avenue. But Brewer was not convinced.

“The issue is real affordable housing,” Jesse Bodine, a spokesman for Brewer, told Crain’s. “Nobody has a real issue with the design. It’s the affordable housing. They always say ‘No, no, no, no, no’ to permanent affordability to the end, and the community won’t stand for it.” [Crain’s]Hiten Samtani

 

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
Vornado's Steve Roth and a rendering of 93-30 93rd Street (Getty, JLL)
Vornado looks to sell Rego Park development site for $85M
Vornado looks to sell Rego Park development site for $85M
The State Building and Construction Trades Council president Robbie Hunter (CA Building Trades, iStock)
California could require union labor on all affordable housing projects
California could require union labor on all affordable housing projects
Renderings of The Eliza Apartments at the Redeveloped Inwood Library (New York Housing Conference)
Inwood affordable housing project moves forward after rezoning fight
Inwood affordable housing project moves forward after rezoning fight
611 St. Johns Place, Brooklyn, NY (Getty)
Workforce Housing Group solar deal will also pay for broadband
Workforce Housing Group solar deal will also pay for broadband
322 Grand Concourse in the Bronx and Martin Nussbaum of Slate Property Group and Scale Lending (Google Maps, Slate)
Bronx multifamily development gets $63M loan
Bronx multifamily development gets $63M loan
Council member Rafael Salamanca Jr and Public Advocate Jumaane Williams (Getty, Facebook via Salamanca Jr.)
City Council to require racial equity reports for rezonings
City Council to require racial equity reports for rezonings
arrow_forward_ios

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

Loading...