In Northern Manhattan, Community Board Nixes High-Rise Apartments

Community board members, representing a traditionally Dominican neighborhood with six- to 10-story buildings, recently rejected one developer's plans for a mixed-income project of 800+ apartments, fearing gentrification and non-contextual development

But, reports Joseph Berger, Quadriad Realty Partners needs to balance economics with good intentions, and that's where the project is perceived to have fallen short:

"Without the revenue produced by taller buildings, virtually all of the apartments would have to be rented at market rate - over $2,900 for two-bedroom homes. Despite the community board's opposition, the developer said it planned to apply to the city's Planning Commission for a zoning modification in the next few weeks. But if the change is not granted, the firm says it will then build two stouter, market-rate buildings, 28 and 24 stories tall, which it has the legal right to do under existing zoning.

Quadriad's chief executive, Henry Wollman, argued that unless he could rent a majority of the apartments to such well-heeled tenants he could not afford to offer less expensive apartments. 'We're taking advantage of gentrification to some degree to allow, through market rates, for the cost subsidization of the middle-income units,' he said in an interview."

Full Story: Washington Hts. Board Resists Plan for 4 Towers

Comments

Prepare for the AICP* Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $245
AICP CTP Storefont Display

The first online AICP* CTP exam prep class

Are you ready to take the AICP* Certified Transportation Planner exam?
Priced at $245 for May exam!
Book cover of Unsprawl

Unsprawl: Remixing Spaces as Places

Explore visionary, controversial and ultimately successful strategies for building people-centered places.
Starting at $12.95
Book cover of Where Things Are from Near to Far

Where Things Are From Near to Far

This engaging children's book about planning illustrates that "every building has its place."
$19.95