Thursday, July 03, 2014

From City Limits: Behind Atlantic Yards Housing Deal, Some Big Shifts

My City Limits' Brooklyn Bureau article, Behind Atlantic Yards Housing Deal, Some Big Shifts, has the subhed "Affordability in next two buildings skews to households earning six figures; pattern suggests more all market-rate towers; new emphasis on larger units."

One lingering question is whether the tradeoff--speedier towers, but lesser affordability, at least in the next two towers--is worth it. 

Also, I report on the possibility of a major departure from the mixed-income towers touted by the developer:
According to a draft document obtained by this reporter, Forest City is considering a plan in which six of 14 residential towers contain exclusively market-rate towers (three rental, three condo). Of the remainder, two would be the just-announced 100 percent affordable rental buildings, five would follow the promised 50 percent affordable/50 percent market template for rentals, and one would mix condos and 50/50 rentals.

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