State Renaissance Court: Not a Small Building
Bounded by Schermerhorn, Hoyt and State Streets, the State Renaissance Court has been in the works since 2002 when the Empire State Development Corp. issued an RFP for the 60,000-square-feet plot of land atop the Hoyt/Schermerhorn subway station. (This means the overall project must be, what, 200,000 to 300,000 square feet?) About two-thirds of the…
Bounded by Schermerhorn, Hoyt and State Streets, the State Renaissance Court has been in the works since 2002 when the Empire State Development Corp. issued an RFP for the 60,000-square-feet plot of land atop the Hoyt/Schermerhorn subway station. (This means the overall project must be, what, 200,000 to 300,000 square feet?) About two-thirds of the site will be a multi-family rental building while the balance will be 14 two-family townhouses on State Street (not to be confused with the State Street Townhouses). In the mix will be 47 Low Income units, 8 of which are for “Very Low Income” households (no more than $28,000 for a 2-bedroom). The marketing campaign was supposed to have kicked off already, though it hasn’t gotten on our radar screen yet. Anyone know anything more than we’ve included here?
Rental Apartments and Applications [State Street Living] GMAP
Checking In On the State Renaissance Court [Brownstoner]
i have to agree. i live in in an IBEC building (the aforementioned clermont armory) and it is awesome. the management is great, the building is clean and the rent is reasonable. i would definitely consider moving here to be close to the subway and work.
Incidentally, what’s interesting is that they’re building the low income housing in the FIRST phase of the projects, and the pricer townhouses AFTER that. Quite a contrast to the Atlantic Yards stupidity.
It’s IBEC’s project, and they usually do pretty good work (see the Clermont Armory in Fort Greene). Check out their website:
http://www.statestreetliving.com/
i think that the federal definition of “very low income” is 30% of the area median income, so that seems about right. and 1/3 (pre-tax) is the standard amount people are supposed to pay toward rent.
The entrance to the Hoyt-Schermerhorn station is incredibly filthy, with one of the highest number of vagrants i’ve seen at a station in Brooklyn. I’m not surprised that the building will have rentals and Low Income Units- they’d have trouble getting the luxury condo crowd to buy into that block.
Mega-Fedders
The very very low income metrics say that a person earning $18K, say $14,400 after taxes or about $1,200 month should pay over 1/3 of their income for rent? Are these numbers fair for NYC and who came up with them?
They may be aesthetically bland and uninspired… but at least they are providing low-income housing in an area that is hideously expensive…
These are but. I’ve lived in a lot of cities and have never seen buildings as ugly as these. It’s also interesting that building built in New York before the govenrment got so involved in regulating them and their ocupants were so much nicer.