You are reading

5 Pointz developer pledges to include more affordable housing

Oct. 3, 2013 Staff Report

The developer who plans to demolish the 5 Pointz graffiti building and replace it with two residential towers has agreed to include more affordable apartment units.

Jerry Wolkoff, of G&M Realty, plans to build 1,000 apartment units–370 more than what is permitted under current zoning rules—and seeks the approval of the city council in order to do so.

However, the city is unlikely to grant him the zoning change unless he provides concessions.

Wolkoff had agreed to include 75 affordable apartment units with preference for neighboring residents in June. He struck that deal with the leaders of Community Board 2.

At a City Council hearing Wednesday, Wolkoff agreed to include 209 affordable apartments, according to DNAinfo. Wolkoff also pledged that the project would create 1,000 union jobs.

The city is likely to vote on the proposal as early as next week.

email the author: news@queenspost.com
No comments yet

Leave a Comment
Reply to this Comment

All comments are subject to moderation before being posted.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Recent News

NY Hall of Science debuts CityWorks, its largest exhibition in over a decade

The New York Hall of Science in Corona opened its largest interactive exhibition in more than a decade on Saturday, May 3. The exhibition explores the often invisible inner workings of the built urban environment.

CityWorks is housed in a 6,000 square foot gallery, and the exhibit was created by a team of NYCSI exhibit developers, researchers, and educators over the past five years. Visitors will have the opportunity to explore the intricate systems and engineering that enable cities to function, including how they break, evolve, and endure.

Twenty people indicted in Queens-based $4.6M vehicle theft ring after three-year probe: DA

Twenty individuals were indicted and variously charged in a wide-ranging scheme to steal cars in Queens, throughout New York City and its suburbs, following a three-year investigation by the Queens District Attorney’s Office, the NYPD, and the New York State Police dubbed “Operation Hellcat,” into the criminal enterprise based in Queens.

Some of the vehicles were stolen from owners’ driveways, some with the keys or key fobs inside. The stolen vehicles were often sold through advertisements on social media platforms such as Facebook and Instagram. The defendants are charged in nine separate indictments for a total of 373 counts, Queens District Attorney Melinda Katz announced on Thursday.