First Phase of Quadriad Plan for Williamsburg Approved by ULURP Committee

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First Phase of Quadriad Plan for Williamsburg Approved by ULURP Committee Powered By Docstoc
					First Phase of Quadriad Plan for Williamsburg Approved by ULURP Committee
By: Will on: Jun 07, 2007 03:34 PM (530 reads)

Last night in a hold over meeting of Brooklyn's Community Board 1, the ULURP Committee approved overriding the new rezoning of Williamsburg to make way for a 24 story tower to be built by Quadriad. The proposal will next be voted on by the full community board on July 12.

The tower and surrounding town houses are part of a multi-lot plan by Quadriad, which onNYTurf profiled here last year. The committee approval was a major hurtle for Quadriad who would like to put the 24 story building and as of right luxury development on the rest of the site at North 3rd and Barry to 4th and Bedford. The ULURP committee approval was reached by a 10 to 9 vote, under what seems to be extenuating circumstances. Reportedly when the vote was first cast the count was 9 - 9 and and the committee chair ruled the resolution was defeated. Allegedly a few minutes later another committee member, arriving late, asked to vote on the plan, and was allowed to do so and cast the swing vote. Quadriad's request has been met with strong opposition in Williamsburg because it requires overruling the brand new rezoning that was done a little more than a year ago that was intended to keep the development site area low rise. Quadriad has tried to incentivize the community with both carrot and stick. Under current 421-a tax abatement provisions Quadriad can get a 15 year tax abatement on units built on the site and not have to included any affordable units and thus they have suggested they would do so if they do not get approval for a zoning override. Those 421-a rules don't change until January. To balance this threat of building pure luxury Quandriad had offered a variety of "sweeteners" like affordable units, community spaces, fire houses, schools in exchange for towers. Last nights deal scrapped all those incentives except some "affordable units" and also seemed to scrap another tower proposed for that lot. Groundlevel and sublevel retail would be included. And the project would also include 108 new parking spaces. Some details of Quadriad's "affordable" deal are vague. Quadriad says 15 1Bedrooms, 8 2BRs, and 2 town houses will be affordable and they have defined "affordable" in two levels: a house hold income of $84,000 and a house hold income of $126,000. Quadriad has also mentioned some affordable ownership units would be included, but numbers have not be specified, particularly how buyers would be prevented from flipping the units at market rate right after acquisition. All and all the project would bring 241 more units to the heart of Williamsburg. Quadriad is also interested in building on several other adjacent blocks (see the map) and apparently is interested in doing similar projects on 3 other sites in the neighborhood where towers are currently not allowed. Reportedly Quadriad has also partnered with Thor who has plans for sweeping developments in Coney Island

WHEN: Tuesday MAY 29, 2007 TIME: 6:30pm WHERE: Swinging Sixties Senior Center 211 Ainslie Street Brooklyn, New York 11211 (Corner of Manhattan Avenue) Public Hearing ULURP Committee Meeting ( 5.) Presentation - Quadriad Realty Partners: Brief update on the status of the proposed "Quadriad Williamsburgh Terrace" development plan for the North 3rd - North 4th Streets site in Williamsburg that has been the subject of previous presentations, as well as various related community issues in regard to the proposal - by Mr. Henry Wollman (item postponed from previous meeting). The ink isn't even dry on the rezoning of Williamsburg and now Quadriad wants a special case made for several new towers they would like to put up. Besides preserving a lower density character the other reason the Northside downzoning was vital is population density. We have a density crisis now! If we allow an out of scale building to become a reality we have given the keys to the car to the developers. Remember how hard we fought to stop the Finger building for many of the same reasons. I feel this project has to Conform to the FAR the rezoning allows. We do have a density bonus in the rezoning for inland developments so Mr. Badillo and Mr.Wolman can build so called affordable units. If this upzoning is allowed every current and future downzoning is worth the paper it's written on unless we draw a line in the sand now! Quadriad proposes to develop the half block site on North 3rd between Bedford and Berry. Despite past claims that they controlled the north half of the block, Quadriad is only developing the south half of the block. Quadriad is proposing to build the as of right development on Bedford Avenue (5 to 7 stories), and to develop townhouses along North 3rd. At the corner of Berry and North 3rd, Quadriad is proposing a 20-story tower that would require a rezoning. Again with the numbers as of right, the site would allow an FAR of about 2.4 - Quadriad proposes something on the order of 7.0 FAR. In "late July", Quadriad will formally apply to the City Planning Commission to rezone their half block on North 3rd. If we lose this battle the whole city will lose. Please attend tonight's ULURP Committee for Brooklyn CB1. Thanks to rules adopted by Albany and in particular under pressure from Joseph Bruno, rent controlled and stabilized apartments are being de-controlled at an accelerating pace. Stats from the Daily News: The city lost a net of 4,700 rent-stabilized apartments last year, according to a Rent Guidelines Board report issued yesterday. Overall, more than 13,000 rent-stabilized apartments were lost last year, mostly when they became vacant. But an additional 8,000 rent-stabilized units were created, mostly through short-term tax exemption incentives to developers, the report said. The city has almost a million rent-stabilized apartments. Mostly this disappearing trick is due to the unreasonable increases landlords are allowed when an apartment becomes vacant. Right now landlords can increase rents by ~20% of the rental rate. When the monthly rent reaches $2,000, landlords can charge as much as they want. Admittedly the rent-stabilization rules are not perfect, as they do not directly assist those of low and moderate income. Its perfectly possible for someone with an upper income to get one of these

apartments. The rules should be changed, but right now, all the current rules are doing is pushing apartments out of affordability for average people. A side note, there are upcoming meetings of the Rent Control Guidelines Board on June 14th and 16th, who will be deciding rent increase rates at the end of the month. These are open meetings where tenanats can go and testify. Get Involved, your physical show of support for rent stabilization makes a difference!

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