This is the list of recent news from all categories.
The New York Times is [reporting] that the waterfront building currently under construction in LIC is the first in a 7-building development project by Rockrose:
...And on the waterfront, the Rockrose Development Corporation is building the first of seven planned residential towers, a development called the East Coast with more than 3,000 units on the site of a former Pepsi-Cola bottling plant.Discuss This News Bit in the Forum
The Bloomberg administration [announced] last week the completion of the first two buildings of the new waterfront housing development in the Greenpoint-Williamsburg area.
The 350-unit two-building complex at Schaefer Landing located on Kent Ave is the first constructed under the area's rezoning plan. 140 units will be set aside as rentals for low-income families, while the other 210 will go for sale (at market rates) as condominiums.
For those wondering how the lucky 140 tenants are/were being selected, the administration explains that the "tenants... have been or will be selected by lottery with at least half of the apartments being rented to current residents of Williamsburg. Over 100 families have been selected so far out of thousands of applications received."
The definition of "low-income" for the purposes of affordable housing eligibility is "families earning up to $37,680 per year".
"Downtown Express" published a brief [overview] of the Historic Front Street project, interviewing several of the new tenants (who had been, up to that moment and to a great surprise of the building's director of leasing, 90% couples and 10% singles, with no shares) and giving some specifics on the rental units.
The units range in size from 600 to 1,400 sq ft and in price from $2,600 to $8,500 per month. Of the 95 units, five have been set aside for mid-income tenants.
The NY SUN is [reporting] that
Last week, real estate investor Richard Kalikow and Manchester Real Estate, in partnership with O'Connor Capital Partners, agreed to pay $636 million for a 19-story, 587-unit rental apartment building, the Manhattan House...The seller is the original developer of the building, New York Life. The Manhattan House building is perhaps one of the most influential post-war architectural projects, although its design, however neat, is considered hideous by many.
Residents of a Brooklyn building are both suspicious and frightened over recent fires.
Continue reading: 550 Ocean Ave Residents Concerned about Fires »