ETA on 29 Flatbush Tower: Early 2013
More details have emerged about Ismael Leyva’s 44-story development coming to 29 Flatbush Avenue. At a presentation last night at the CB2 general meeting, it was revealed that the building will have 327 studio, one- and two-bedroom rentals. 7,500 square feet of retail space will go on both Flatbush and Fulton and there will be…
More details have emerged about Ismael Leyva’s 44-story development coming to 29 Flatbush Avenue. At a presentation last night at the CB2 general meeting, it was revealed that the building will have 327 studio, one- and two-bedroom rentals. 7,500 square feet of retail space will go on both Flatbush and Fulton and there will be a parking garage partly above, and party below, grade. The building’s 66 affordable units—which will be the same size but have a “different level of finishes” than the market units—will be priced from $555 to $891 a month. Amenities include a health club, lounge, laundry room, business center, and two roof decks. And, finally, the construction process is expected to end in the spring of 2013, with leasing hopefully starting January or February 2013. Perhaps in response to the recent letter sent by politicians, there was a pledge that 30 percent of the workforce will consist of minorities and there will be a focus on hiring locally. You can see the renderings for the development here and here.
Pols Push Dermot on 29 Flatbush [Brownstoner]
More Details on 29 Flatbush [Brownstoner]
Ground Broken at 29 Flatbush Avenue [Brownstoner]
29 Flatbush Finally Coming Together? [Brownstoner] GMAP DOB
Signs of Life at Dermot’s 29 Flatbush? [Brownstoner]
Dermot Plans High-Rise Rental Near BAM [Brownstoner]
Butterfly, all ‘affordable’ units done in NYC under these programs are subject to lotteries and closely monitored processes to ensure no one but income qualified folks who submitted apps get in. Very strict process. Developer must certify incomes to get bond benefits. Can’t put in relatives. That was old way before 1985, long gone.
None of those comments comport with what the article says. Is there a need for “relatively affordable apartments”. Seems to me there are a lot of 1, 2 bedrooms for 1200 – 2500. (my rental, for example)
The affordable part will be built in East New York…
The affordable units got them state bond financing for the entire project.
quote:
The building’s 66 affordable units—which will be the same size but have a “different level of finishes” than the market units—will be priced from $555 to $891 a month.
what’s annoying is that the only people who can probably qualify for these units are duane read cashiers or blogger moonfaces who work for peanuts but are getting parental support on the side and don’t claim it as income, oh yeah and friends and family members of the developers.
quote:
The building’s 66 affordable units—which will be the same size but have a “different level of finishes” than the market units
why can’t there be a middle ground with this and have relatively affordable apartments? why do these buildings have to be so extreme from low and to super high end?
this is what these developers are getting tax breaks for? their “affordable” housing for tax breaks is an outright scam.
*rob*
I still don’t care for that much parking, but the rest all seems reasonable enough.
I think this tower will be a nice addition to that section of Flatbush.