Residents rail against BFC’s Bedford-Union Armory project

They argued that the site should be turned over to a community land trust

New York /
Mar.March 09, 2017 09:30 AM

Residents and affordable housing advocates on Tuesday rallied against plans to convert the Bedford-Union Armory into a mixed-use building, arguing that the property should instead be converted into a community land trust.

Protesters asserted that in order to assure that the affordable housing commitments at the project are kept, the city-owned land shouldn’t be turned over a private developer, Gothamist reported. If the site were turned over a trust, a community-controlled nonprofit would own it.

“If they lose the armory, this community’s gone,” real estate attorney Sylvia Kinard told Gothamist at a public meeting held on Tuesday. “It’s not just shutting it down. The option is not just finding another developer. We need to make sure that this property, this public resource stays a resource for the community.”

The project’s developer, BFC Partners TRData LogoTINY, plans to convert the 542,000-square-foot former military building into 330 affordable and market-rate rentals, along with community space. There will be 177 low- and moderate-income units. Only 30 percent of the project’s units will be permanently affordable.

The developer has also pledged to direct at least $500,000 from the sale of 56 condos to a fund dedicated to building affordable housing elsewhere in Crown Heights. The Local Development Corporation of Crown Heights will manage the fund.

Protestors argued that only 18 units in the project designated for the lowest income bracket would actually be affordable for the average Crown Heights family. Members of the union Local 79 also spoke at the meeting, urging the developers to use union labor on the project. [Gothamist] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
With major financial choices to make, Newmark receives $850M infusion
With major financial choices to make, Newmark receives $850M infusion
With major financial choices to make, Newmark receives $850M infusion
NYC’s office sublease surge slows as tenants move to reoccupy space
NYC’s office sublease surge slows as tenants move to reoccupy space
NYC’s office sublease surge slows as tenants move to reoccupy space
The Roger New York hotel at 131 Madison Avenue, Larry Korman of AKA Hotel Residences and Joe Lubeck of Electra America (Google Maps, Getty, Electra)
Electra America JV nabs Roger hotel for $71M discount
Electra America JV nabs Roger hotel for $71M discount
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Oceanwide’s US business is sinking. Can it right the ship?
Demir Sabanci and 41-47 West 57th Street (Sedesco, Google Maps)
Sedesco seeks rezoning for new Billionaires’ Row skyscraper
Sedesco seeks rezoning for new Billionaires’ Row skyscraper
From left: Alvin Dworman, 155 East 55th Street, 65 West 55th Street, and 210 East 58th Street (Getty, Google Maps)
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Alvin Dworman Sells 3 Manhattan Buildings for $65M
Anita Durst and images of Chashama (Photos via Getty, Chashama)
Durst-backed nonprofit puts startups into empty storefronts
Durst-backed nonprofit puts startups into empty storefronts
Berkshire Bank headquarters in 4 East 39th Street (Google Maps)
Major FiDi landlord resigns as bank chairman after stock windfall
Major FiDi landlord resigns as bank chairman after stock windfall
arrow_forward_ios

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

Loading...