Extell Development's plans for 68 Charlton Street have changed once again. The development, which was originally supposed to be a 35-story hotel, was later changed to a 13-story condo tower. Now Extell has announced that they will instead build a 22-story residential building with 116 total units—91 market-rate co-ops and 25 affordable apartments, the Villager reports. The fact that the building is over 20 percent affordable will qualify it for a 421a tax abatement. An inclusionary housing bonus that was a part of the Hudson Square rezoning will allow Extell to construct a taller building than they previously would have been able to.
Extell presented the plans for the development to Community Board 2 this month and assured the board that, despite the building actually being two separate towers back to back with all the affordable housing in the Vandam Street-facing side, there will be no separate entrance, or "poor door." CB2 voted to recommend approval for the project, with the request that the building's amenities be accessible to all, with the pool, gym and steam room, which all residents would have to pay for, offered at an 85 percent discount to rent-subsidized tenants. Extell agreed, but did not respond to CB2's other request about not segregating all the affordable units in one section of the building.
· Affordable units will be part of project in Hudson Square [Villager]
· 68 Charlton Street coverage [Curbed]
Loading comments...