Though the tower is "100% affordable," with 35% low-income units, a couple of the headlines put way too much emphasis on that fraction of low-income units:
- Patch: 'Pacific Park' In Prospect Heights Renting More Low-Income Apartments: How To Apply
- Brownstoner: Lottery for Latest Pacific Park/Atlantic Yards Build to Bring $503 Studios to Prospect Heights
- 33 studios: $2,121/month
- 66 1 BRs: $2,663/month
- 45 2 BRs: $3,206/month
- 8 3 BRs: $3,695/month
Interestingly, the rent levels are slightly lower than those set for the paired 535 Carlton tower, perhaps because the Area Median Income (AMI) has been tweaked for this year. (The corresponding 535 Carlton figures for the highest income bands are $2,137, $2,680, $3,223, and $3,716.)
Half the units will be reserved for residents of the four nearest Community Districts, while 7% of the units will go to people with disabilities and 5% to municipal employees (those categories can overlap).
Even some of the low-income apartments are too expensive for many people seeking units. As housing analyst Tom Waters tweeted yesterday, regarding the mayor's housing plan, "I agree that it's good to build new apartments for households making $49,000 a year, but can't they see that that's not a good answer to... people in neighborhoods where the median is more like $30,000?"
Curbed, which was fed the scoop, published 1/11/17 Pacific Park's next affordable housing lottery will launch this week. It noted features including "white oak flooring, quartz countertops with ceramic backsplashes, and an integrated dishwasher.
The building also will include a fitness center, a yoga studio, and a children’s play area, among other amenities. The cost of the latter was not announced.
DNAinfo was initially more neutral, publishing Lottery for 303 Affordable Units in New Tower Behind Barclays Opens Friday, and noting that half the apartments are aimed at the highest income bracket. Update: the headline was altered to Rent a Studio for $532 a Month in a New Tower Behind the Barclays Center, with one commenter observing, "I am confused. The lottery is 303 affordable units. Only 14 apartments are affordable units."
When will it open?
DNAinfo noted that "GFCP expects the tower to be complete and ready for move-ins by this summer."