City Council approves Rheingold Brewery rezoning

New York /
Dec.December 12, 2013 09:34 AM

A plan to rezone the area around the former Rheingold Brewery in Bushwick, Brooklyn, got the go ahead from the City Council Tuesday, paving the way for conversion of the industrial property to residential rentals.

The zoning change will allow for developer Read Property’s controversial plan to construct 70- and 80-foot towers with 977 apartments on the 6.4-acre site, along with retail and several blocks of public space.

The developer agreed to provide more affordable housing, lifting the number of reduced-rate units to 30 percent of the total from the previously proposed 20 percent. The pledge is non-binding, but advocates told DNAinfo they are confident Read will deliver on the promise.

“The terms and negotiations we articulated were a basis with negotiations with Read,” Brigette Blood, spokesperson for neighborhood coalition the Northwest Bushwick Community Group, told DNAinfo. “While not all [our] terms were met, we are happy for many of the mitigations Read has committed to as their massive residential development impacts our community.”

Previously, neighborhood groups and local Community Board 4 had pushed for permanently affordable housing units at the new property, as well as a green roof and LEED certification. [DNAinfo]Julie Strickland


Related Articles

arrow_forward_ios
Mack Real Estate Group's Richard Mack and JPMorgan's Jamie Dimon with a rendering of 123 Melrose Street (Credit: Getty Images and ODA Architecture)

Yoel Goldman sews up long-term funds for Rheingold Brewery Project

Yoel Goldman sews up long-term funds for Rheingold Brewery Project
375 Johnson Ave (Google Maps)

Netflix landlord in Bushwick snaps up property across street

Netflix landlord in Bushwick snaps up property across street
Denizen Bushwick at 54 Noll Street (Photos via Denizen Bushwick)

All Year nears $650M financing for Bushwick luxury rentals

All Year nears $650M financing for Bushwick luxury rentals
Toby Moskovits, Fortress managing director Spencer Garfield and the 215 Moore Street Site (Moskovits by Sasha Maslov)

Toby Moskovits’ Bushwick Generator thrown into receivership

Toby Moskovits’ Bushwick Generator thrown into receivership
1300 Flushing Avenue (Google Maps)

Bushwick office building trades for $44M, sign of life for i-sales market

Bushwick office building trades for $44M, sign of life for i-sales market
From left: 417 Suydam Street and 818 Woodward Avenue (Credit: Google Maps)

Sellers used pandemic, Passover to default buyer: lawsuit

Sellers used pandemic, Passover to default buyer: lawsuit
Taxes would rise for owners of Manhattan mansions and penthouses, but the biggest shock would be on homeowners in Brooklyn neighborhoods (Credit: Pixabay)

City’s property tax overhaul would increase burden for single-family homeowners

City’s property tax overhaul would increase burden for single-family homeowners
Denizen Bushwick at 54 Noll Street (Credit: Google Maps)

Israeli candy maker sues All Year over Rheingold development bonds

Israeli candy maker sues All Year over Rheingold development bonds
arrow_forward_ios

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

Loading...