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DoBro Developer Trades Affordable Housing for Extra Height

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Developer Savanna Partners purchased the three-story Institute of Design and Construction building at 141 Willoughby Street in ear;y 2014, paying $28 million with the intention of replacing that building with a a 30-story mixed-use tower. However, zoning would only allow a tower half that size, and in exchange for the city rezoning the site, Savanna has had to agree to set aside 81 of the building's 270 units—30 percent—for affordable housing. The building will include retail at the base and on the second floors, two floors of office space on the third and fourth floors, and apartments above that.

· Savanna wants a rezoning to build 44-story tower in Brooklyn [TRD]
· Developer Wants Tower to Be Twice as Large as Zoning Allows [Curbed]