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Affordable housing

252 South Street

80-Story, 815-Unit Condominium Tower Rises Above Street Level At 252 South Street, Lower East Side

In October, complete renderings were revealed of Extell Development’s 80-story, 815-unit condominium tower at 252 South Street, in the Two Bridges section of the Lower East Side. At the time, foundation work was the main focus, but now the core of the tower is beginning to rise and is above street level, Bowery Boogie reports. The project is dubbed One Manhattan Square and being designed by Adam Associates. It will include 90,000 square feet of amenity space in total and a separate 13-story, 205-unit affordable residential building. There will also be roughly 20,000 square feet of retail space. Completion is expected in 2019.

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City Planning Director Carl Weisbrod, Deputy Mayor Alicia Glen and HPD Commissioner Vicki Been testify about Mandatory Inclusionary Housing during a hearing on Tuesday.

City Council Demands Lower Income Apartments, Union Labor for Mandatory Inclusionary Housing

The City Council held its first day of hearings Tuesday on mandatory inclusionary housing, a major citywide policy that will mandate affordable units in all new developments planned on rezoned land. Several council members grilled Deputy Mayor Alicia Glen, HPD Commissioner Vicki Been, and City Planning Director Carl Weisbrod on the program, railing about the lack of low-income units and union labor and demanding better protections against tenant harassment and displacement.

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