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Eliot Spitzer's Giant Williamsburg Complex Called 'Offensive'

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A de Blasio official is not taking kindly to Eliot Spitzer's plan to develop three towers with 856 rental apartments on the South Williamsburg waterfront. "It's offensive," Lincoln Restler, a former Brooklyn Democratic district leader and current senior policy advisor to Mayor de Blasio, wrote on his Facebook wall in a post that has since been deleted. "Elliot [sic] Spitzer is planning to build an 856 unit mega development along the waterfront just south of the Williamsburg Bridge—and with just 20% affordable apartments. We need and deserve more affordable housing!" the Observer relays of Restler's post, "Someone who had fashioned himself as a progressive and sold properties worth 1.5 billion last year is now trying to squeeze every penny out of a development in our neighborhood—without any concern for the needs of the community." While the development may be large, it can be built as-of-right at the property, which was rezoned in 2006. NYO reports that City Hall staffers are allowed to express their opinions publicly so long as they align with de Blasio's platform.

The remark immediately follows the expiration of 421-a, which offers developers who build affordable housing a tax incentive. Commercial Observer confirms that Spitzer is taking advantage of the program with his Williamsburg project, which has garnered lukewarm reviews after being unveiled on Monday evening.


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· Bill de Blasio Official Calls Eliot Spitzer Housing Development 'Offensive' [NYO]
· Spitzer Backs 421-a Reforms, Argues Rentals Impossible Without Tax Break [CO]
· Eliot Spitzer's Huge Williamsburg Waterfront Project, Revealed! [Curbed]
· New York's Great 421-a Debate: The Uncertain Future of Trading Affordable Housing For Tax Breaks [Curbed]
· How NYC's Decade of Rezoning Changed the City of Industry [Curbed]