City backs Phipps Houses in union fight over Far Rockaway complex

HDC voted to provide funding to 1,700-unit Far Rockaway Village

TRD NEW YORK /
Jun.June 06, 2018 09:45 AM

Far Rockaway Village at 1720 Village Lane and Phipps CEO Adam Weinstein (Credit: Google Maps and Phipps NY)

The de Blasio administration has unwittingly waded into a fight between a developer and a powerful union after voting to provide funding for a Far Rockaway development with affordable housing.

Over protests from 32BJ SEIU, a union that represents building service workers, the city’s Housing Development Corporation voted Tuesday to allocate $86.8 million in financing to affordable-housing developer Phipps Houses to build a $279 million project in Far Rockaway, according to Politico.

The development, Far Rockaway Village,  will hold around 1,700 units. At least 70 percent of the apartments will be affordable housing. The city financing will go toward the first phase of the project — the construction of 457 apartments.

Phipps Houses, one of the largest affordable housing developers in the city, has long butted heads with 32BJ after refusing to pay into the union’s pension fund. On the Far Rockaway project, 32BJ would not specify what exactly they opposed on the Far Rockaway project, according to the report.

A 32BJ spokesperson said Phipps had a record for undermining workers standards. Jane Meyer, a spokesperson for the city, told the publication the project is “critical to the revitalization of Downtown Far Rockaway.” [Politico] — David Jeans


Related Articles

arrow_forward_ios
From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone

arrow_forward_ios
Loading...