From the August issue: When Eliot Spitzer presented his Williamsburg waterfront project to fast-rising architect Eran Chen in September 2014, the timeline and budget allowed for little more than two boxy rental towers.
Spitzer wanted to meet the deadline to qualify for 421a — the now-expired tax abatement program for new apartment building construction. That deadline, at the time, was June 12, 2015, and the former governor’s development company Spitzer Enterprises filed plans for the 470-unit rental project on Kent Avenue in December 2014. The city’s Department of Buildings approved the plans five months later.[more]