Quinn calls Extell’s “poor door” discrimination

New York /
Aug.August 21, 2013 01:11 PM

New York City Council Speaker and mayoral candidate Christine Quinn is calling for the state to intervene on Extell Development’s controversial plan to have a “poor door” for lower-income renters at the new 40 Riverside Boulevard building.

In a letter sent yesterday to state Assembly Speaker Sheldon Silver, state Senate Majority Leaders Dean Skelos and Jeffrey Klein, Quinn said she “won’t stand for this or discrimination of any kind.”

Managers of the 33-story tower requested millions in tax breaks through the 421a tax abatement program, which offers incentives for projects with low- and middle-income units. Quinn said Extell’s plan “negates the inclusiveness the program seeks to create,” the New York Post reported.

Manhattan City Council member Robert Jackson unveiled a bill requiring developers who receive any form of an affordable-housing subsidy to provide the same services for all tenants, the newspaper said.

The building, also being developed by the Carlyle Group, will have one entrance for the condominium buyers, whose residences will face the Hudson River, and another for the tenants, who will live in affordable rental units. It is to have 274 units, 219 of which will sell as condos and 55 of which will rent to individuals who make 60 percent or less of the area median income, about $51,540, as previously reported.

Extell did not comment to the Post on the matter. [NYP]Mark Maurer


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
Extell Development’s Gary Barnett, Robert Gans and Princeton's Joseph Tabak (Getty)
Investor has till Christmas to pay $200M to Barnett, Tabak
Investor has till Christmas to pay $200M to Barnett, Tabak
Gary Barnett with  186-190 21st Street (Google Maps, Getty)
Gary Barnett retracts lawsuit after partners show receipts
Gary Barnett retracts lawsuit after partners show receipts
A photo illustration of Gary Barnett and 259 Clinton Street (Extell Development, Getty Images, McNamara Salvia)
Barnett doubling down in Two Bridges
Barnett doubling down in Two Bridges
Extell's Gary Barnett and Central Park Tower (Kidfly182, CC BY-SA 4.0, via Wikimedia Commons, Barnett via Paul Dilakian)
Breaking down Extell’s sky-high ask at Central Park Tower
Breaking down Extell’s sky-high ask at Central Park Tower
Gary Barnett and Central Park Tower (Getty, Percival Kestreltail/CC BY-SA 3.0/via Wikimedia Commons)
Gary Barnett seeks record $250M for Central Park Tower penthouse
Gary Barnett seeks record $250M for Central Park Tower penthouse
Extell's Gary Barnett (Illustration by The Real Deal with Getty)
Gary Barnett: Partners sold our buildings and didn’t tell me
Gary Barnett: Partners sold our buildings and didn’t tell me
Lela Goren and 31 West 11th Street (Getty Images, Corcoran Group)
Developer sued over debts at Downtown penthouse, Hamptons mansion
Developer sued over debts at Downtown penthouse, Hamptons mansion
arrow_forward_ios

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

Loading...