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All of them, however, wanted the city to lock him into setting aside the promised number of affordable units. Walentas won general support from neighborhood activists and elected officials. He also agreed to keep the promise to build 660 units of affordable housing, but in exchange he wanted city approval to build four towers taller than the older plan envisioned, ranging roughly 40 to 50 stories. He restored the street grid, expanded the park and planned for more office space in the old refinery building. He repositioned the buildings so that they were perpendicular to the waterfront, eliminating the previous plan’s wall of towers parallel to the shoreline that created a separate, almost private, enclave. Walentas overhauled the plans for the project. Walentas has threatened to revert to, only 440 were actually required. Many community activists worried that the new developer would renege on the promise to build 660 affordable apartments, especially after it was discovered that under the old owner’s plan, the one Mr. Walentas’s development firm, which was founded by his father and made its name driving the renaissance of the Dumbo neighborhood in Brooklyn - bought the property for $185 million. Mollenkopf, director of City University’s Center for Urban Research.īut many working class residents complained that gentrification was pushing housing costs well beyond what they could afford.Ĭommunity Preservation promised to preserve the refinery building and its 40-foot-tall sign, while building an esplanade, a park, a school and 2,200 apartments, with up to 30 percent - 660 units - set aside for low- and moderate-income families.īut the company ran into serious financial problems during the recession and defaulted on its loans. “This is curtains up on the first act of the real-estate drama for the new administration,” said John H. de Blasio, and the city’s powerful real estate industry, which is already jittery over the new mayor’s populist rhetoric, are closely watching the fate of Domino.
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With the New York Planning Commission set to vote on the project on Wednesday, Domino Sugar has become a test of the mayor’s resolve to “reset” the city’s relationship with developers and extract more concessions from them, with a goal of building or preserving 200,000 units of affordable housing. “But what they’re currently asking for is not workable.”
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“I’d very much like to work this out with them,” Mr. Walentas is balking, and has even threatened to revert to the older, unpopular plan. Walentas needs to build his towers with spectacular views of Midtown Manhattan. The mayor’s administration is insisting that the developer add even more space for affordable housing and, as a result, fewer market-rate apartments, in exchange for the zoning changes that Mr.