The corner of 145th Street and Lenox Avenue, where the One45 housing project was proposed.
Developers behind plans to build a massive two-tower apartment building in Harlem have withdrawn their application for the rezoning they needed to make the project a reality.
Developers led by Bruce Teitelbaum wanted to build a 917-unit building on the corner of West 145th Street and Lenox Avenue – and had revised their plans to include 458 affordable apartments after a political pushback – but they didn’t do enough to win a crucial vote.
New York City Council member Kristin Richardson Jordan represents the district where the project is based and has opposed it since taking office. She responded to the developers’ latest affordability concession over the weekend by saying she still couldn’t support the project, dubbed One45. On Tuesday, the developers pulled their app, effectively killing the project for the time being, The Real Deal Reports.
The revised plan was to build 112 units for those earning 30% of the region’s median income, 255 for those at 50% of the AMI, and 91 at 125% of the AMI. Jordan took offense to the level of affordability and the fact that a racial impact study had not been undertaken.
Real estate players have been watching with interest in the outcome of the request, with some seeing it as an example of how the new council will view development in the city.
Development approvals are usually approved on the basis of what is known as ‘member deference’ – meaning the council will vote with the local member, largely ensuring the end of a development if they don’t win. not the support of this member. Lack of support from Jordan ultimately killed the project.
It’s not the only project newly elected members have opposed this year, but some have had a different outcome.
Developers of two buildings at 870 Atlantic Ave. and at 1034 Atlantic Ave. had been stranded as they awaited rezoning approval from the city council, particularly council member Crystal Hudson, who was recently elected to represent the 35th district.
Hudson greenlighted the projects last month after developers EMP Capital and Y&T Development agreed to increase the percentage of affordable units above the minimum required inclusion zoning.
“In New York, the real estate industry has created a false choice for communities: to allow developers to solve the housing and affordability crisis by operating undeterred or risking stifling development by ‘loading’ developers with affordability quotas and community demands,” Hudson spokesman Alejandro said. González said bisnow in an email in April. “The truth is that developers can stand to give more.”