Brooklyn Bridge Park affordable housing plan ruffles feathers

Neighbors unhappy with proposal that provides little public money for park operations

New York /
May.May 09, 2014 02:45 PM

Brooklyn Bridge Park neighbors are up in arms over a proposal to build a 16-story, 140-unit residential building within the park. The development, which may be used for affordable housing, would be built on one of five designated sites within the park’s interior that were set aside for construction of market-rate apartments that would help pay for park operations.

The proposed development would provide little to no subsidy for use toward the park. Some Residents Told The Wall Street Journal they think the building is superfluous and serves the needs of private housing, rather than those of public park land. Meanwhile, representatives of the Brooklyn Bridge Park Corp., a not-for-profit controlled by mayoral appointees that runs the park, told the Journal the area would benefit from a mixed income community that is a better representation of Brooklyn.

Mayor Bill de Blasio has expressed support for a compromise that would provide affordable housing as well as money toward park operations.

Three of the five sites are being developed in the park, including a 108-unit luxury condominium that has set sales-price records for the area. But Regina Myer, president of the Brooklyn Bridge Park Corp., said that revenue from the two remaining sites is necessary to run the park.

No decisions have been made on the location of the development, or the number of affordable housing units that would be included in the plan. [WSJ]Sasha von Oldershausen


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
Kirk Goodrich, president of Monadnock Development, is opposed to the bill sponsored by Bran Lander. (Getty, Monadnock Development)

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers

Council bill favoring nonprofits for affordable housing will hurt minority-led firms: developers
Ray McGuire photographed by Axel Dupeux.

The Closing: Ray McGuire

The Closing: Ray McGuire
Belveron Partners founder Paul Odland with 2000 Valentine Avenue (left) and 1985 Webster Avenue in the Bronx (Photos via Google Maps; Twitter)

Belveron Partners closes $280M fund for affordable housing

Belveron Partners closes $280M fund for affordable housing
City Council members Brad Lander (right) and Robert Cornegy

Lander seeks to keep for-profit developers from acquiring city-owned land

Lander seeks to keep for-profit developers from acquiring city-owned land
Cea Weaver and Public Advocate Jumaane Williams (Getty; Weaver via Elijah Stevens)

“Cancel rent” housing activist tapped for City Planning Commission

“Cancel rent” housing activist tapped for City Planning Commission
Open New York's Will Thomas and Kyle Dontoh (Photos via Getty; iStock: Open New York)

Outsiders for years, NYC yimbys move into mainstream

Outsiders for years, NYC yimbys move into mainstream
arrow_forward_ios

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

Loading...