New York City Council Approves Two Prospect Heights Residential Developments – Business Observer

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New York City Council Thursday gave the green light to two residential buildings in Prospect Heights that were nearly shot by the newly elected local council member.

EMP Capitaldevelopment to 870-888 Atlantic Avenue and Y&T Developmentthe project of 1034-1042 Atlantic Avenue would bring a total of 438 apartments to the neighborhood and was approved after developers listened to Council member Crystal Hudson increase the number of affordable housing units.

Under the revised plans, each developer has pledged to set aside 35% of the respective building’s floor space for families earning between $38,000 and $57,000, or 10% more affordable housing than is required in under the city’s mandatory inclusive housing law.

The measure allowing the developments to move forward was passed by city council with a vote of 49 in favour, one against and one abstention, according to Hudson’s office.

“For too long, developers have driven the land use and planning process in this city,” Hudson said in a statement. “They convinced New Yorkers that affordability quotas and community demands will stifle development at a time when we need to build more to address the growing affordability and housing shortages we face. However, the truth is that developers can do so much more.

The approval process for these two projects began before Hudson took office in January. After taking the oath, Hudson took steps to stop the development unless EMP Capital and Y&T Development agree on a better deal for the community.

As the city council almost always votes out of respect for the local council member on land use issues, Hudson issued an open letter to Urban planning commission stating that she would vote against the plan unless the developers go back to the drawing board on their proposals.

The last time the city council did not vote online with the local representative was at the end of 2021 when the New York Blood Center New 310 East 67th Street location adopted despite opposition from former Council member Ben Kalloswhose term of office was limited to a few weeks only.

As Thursday’s meeting drew to a close, Hudson said she had successfully negotiated a total of 150 additional affordable units across the two projects. Plans call for 228 units at 870-888 Atlantic Avenue and 210 apartments at 1034-1042 Atlantic Avenue.

The developers did not immediately respond to a request for comment.

Marc Hallum can be contacted at [email protected].

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