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
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
Camber Property Group Principals Andrew Moelis and Rick Gropper with 440 West 41st Street (Caro Enterprises, Inc.)
Camber Property buys bankrupt Hell’s Kitchen building for $40M
Camber Property buys bankrupt Hell’s Kitchen building for $40M
arrow_forward_ios

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

Loading...