Former hospital site will feature 512 affordable units and a new shelter for New Yorkers experiencing homelessness. On September 13, 2018, the Department of Housing Preservation and Development announced that a team had been selected to transform the Greenpoint Hospital site into a mixed-use development. The new development located at 288 Jackson Street will feature approximately 512 affordable units and a new shelter for 200 New Yorkers.
Search Results for: Williamsburg, Brooklyn
Comptroller Report Finds Airbnb Usage Contributed to High Rent Problem
On April 2018, New York City Comptroller Scott M. Stringer issued a report on the impact of Airbnb on City rents. The report looked at how the home-sharing company impacted rent in the City over the period of 2009 to 2016. The report found that rental rates increases during this time period can be attributed to Airbnb.
Turn-of-the-Century Neo-Classical Bank’s Designation Supported by Ownership
Bank’s construction quickly followed opening of Williamsburg Bridge; grand Classical facade composed of limestone and granite communicated stability and civic pride. Landmarks held a hearing on the potential designation of the Dime Savings Bank of Williamsburgh on February 6, 2018. The bank stands at 209 Havemeyer Street in Brooklyn’s Williamsburg neighborhood. The building was constructed in 1908 and designed by the firm of Helmle and Huberty. A 1925 addition continued the original design, and more … <Read More>
421-a Property Tax Process Renewed
The revised Section 421-a offers new opportunities for affordable housing. The 421-a property tax exemption began in 1971 as an incentive for developers to develop badly needed housing in New York City. When the real estate market rebounded in the 80s, the program was amended to condition tax abatements on the construction of affordable housing units. The program expired in June 2016. In its place, the State Legislature passed the “Affordable New York” program in … <Read More>
Council Committee Approves Commercial Use on Bedford Avenue Residential Block
Zoning map amendment approved permitting ground floor space for commercial use in a residential block in the Williamsburg neighborhood. On January 23, 2018, the New York City Council Subcommittee on Zoning and Franchises unanimously voted to approve the zoning map amendment adding a commercial use permit to the ground floor space of 116 Bedford Avenue in Brooklyn and the 9 adjacent buildings on the block. Five of those adjacent buildings already have commercial uses on … <Read More>
Commercial Use Amendment Approved for Bedford Avenue Residential Block
City Planning approved a zoning map amendment permitting ground floor space for commercial use in residential buildings in Williamsburg neighborhood. On December 13, 2017, the City Planning Commission issued a favorable report on the application submitted by 116 Bedford Avenue, LLC—owner of 116 Bedford Avenue in Brooklyn’s Williamsburg neighborhood. This zoning map amendment would permit the building to use ground floor space for commercial use and bring five other existing commercial uses currently located in … <Read More>