yes, i'm tired of looking at this rendering too |
For those new to the story, the lot that will have entrances at both 33 Lincoln Road and 510 Flatbush, was once to be a towering gleaming windowed phallus (tgwp) for birds to smack into. That idea faded (though not, as is commonly believed, because of neighborhood outrage) and the property shifted hands to Tom and he has tried to get State financing to build his 80/20 rental building for awhile. B-stoner thinks the money came through; thus the new permits. And to those who would call this an "affordable housing" project, I think it should be noted that while the building will be rent stabilized, that stabilization starts at just 10% below market rate on 8 out of 10 units - no chump change these days. The other 20% goes to working people under a certain thresh-hold, and their rent will start at (if I remember right) 1/3 of income. Hardly, as one commenter said, a "housing project."
More on this soon. I'm actually away and should be enjoying the work 1/3 of my vacation. But there's so much doin' on the Flabenue I just had to update y'all!
3 comments:
Unfortunately, the fact that they got the building permit does not mean that they have the financing to start construction. I think we're going to have to be more patient on this one. On the other hand, it's looking good for the Hudson project.
Apparently the corner of the wood fencing on the lot closest to the Lincoln road subway entrance went up in flames this afternoon. About a 2ft by 2ft section near the bottom was all charred. Walked by as the fire dept rolled up.
Weird. That fence caught fire last year. Must be smokers hanging out on that corner...
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