Planning Commission questions affordable housing component of St. John’s Terminal project

Commissioners also voiced concern over the size of the retail space

TRD New York /
Aug.August 25, 2016 10:51 AM

Members of the City Planning Commission voiced concerns over the planned St. John’s terminal development at a hearing Wednesday.

Several members criticized the developer’s decision to group the project’s affordable units in a separate building, likening it to a “poor door,” according to DNAinfo. Some also questioned the size of the retail space, which commissioner Cheryl Effron described as “mall-esque.”

The Commission will vote on the project by Oct. 17, before it moves on to the City Council.

Westbrook Partners and Atlas Capital Group plan to build five buildings spanning 1.7 million square feet and 1,586 housing units on the site at 550 Washington Street. Four of the five planned buildings will be residential (two condos, one affordable senior housing and one mixed-income rentals), along with one hotel building. Westbrook and Atlas have set aside 20 percent of the units reserved for residents who make 60 percent of the area median income and 30 percent for people who make 30 percent of the AMI.

In October, they reached a deal to buy 250,000 square feet of air rights from nearby Pier 40 for $100 million, but the deal is contingent on city approval.  The developers said they hope to begin construction in 2017. [DNAinfo]Konrad Putzier


Related Articles

arrow_forward_ios
Morry Kalimian, Gene Kaufman and Bill de Blasio and a map of the Special Union Square District (Credit: Getty Images, Studio Scrivo, New York State Courts)

Hotel developer sues city over special permit plan

Hotel developer sues city over special permit plan
City Planning approves controversial trio of resi towers in Two Bridges

City Planning approves controversial trio of resi towers in Two Bridges

City Planning approves controversial trio of resi towers in Two Bridges
Westbrook Partners lands investment from Goldman Sachs

Westbrook Partners lands investment from Goldman Sachs

Westbrook Partners lands investment from Goldman Sachs
The stupefying numbers behind a bill that targets NYC hotel developers

The stupefying numbers behind a bill that targets NYC hotel developers

The stupefying numbers behind a bill that targets NYC hotel developers
Westbrook is lending $96M on the Downtown hotel it just sold

Westbrook is lending $96M on the Downtown hotel it just sold

Westbrook is lending $96M on the Downtown hotel it just sold
This is how Westbrook is funding its buy of the Union Square W Hotel

This is how Westbrook is funding its buy of the Union Square W Hotel

This is how Westbrook is funding its buy of the Union Square W Hotel
Law firm inks 12-year lease at Westbrook’s 444 Madison Avenue

Law firm inks 12-year lease at Westbrook’s 444 Madison Avenue

Law firm inks 12-year lease at Westbrook’s 444 Madison Avenue
Controversial project at 80 Flatbush gets approval from City Planning Commission

Controversial project at 80 Flatbush gets approval from City Planning Commission

Controversial project at 80 Flatbush gets approval from City Planning Commission
arrow_forward_ios

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

Loading...