Entries from Gothamist tagged with 'starrettcity'
June 2, 2008
The NY Times reports that owners of Starrett City will attempt to sell the 140-acres Brooklyn apartment complex again, after reaching "an agreement with federal, state and city officials" that the complex will remain affordable. Last year, Starrett City, which is the largest federally subsidized development (and considered one of the most successful), was sold for $1.3 billion, only for the sale to be blocked and later rejected outright by the federal Department of Housing......
Continue Reading "New Deal to Sell Starrett City and Keep it Affordable"August 30, 2007
Today on the Gothamist Newsmap: a shooting at West 138th St. and Broadway in Manhattan, a triple shooting on Hunter Ave. in the Bronx, and a bomb threat at the intersection of Prospect and 5th Aves. in Brooklyn. Residents of Starrett City received a letter from the housing complex's owners that they intend to opt out of the state's subsidized housing program. One third of the 6,000 apartments at Starrett City are subsidized and......
Continue Reading "Extra, Extra"August 6, 2007
Today on the Gothamist Newsmap: a large fight on Fordham Rd. and Jerome Ave. in the Bronx, police activity in the employee parking lot at JFK Airport in Queens, and a pedestrian was struck on East 57th St. and Madison Ave. in Manhattan. Donald Trump owns almost 20% of Brooklyn's Starrett City that his dad bought for him when he graduated from business school. He now advises lower-income residents of the development that "This......
Continue Reading "Extra, Extra"July 30, 2007
You may have many opinions of Senator Charles Schumer. A man who gives weekly press conferences by way of making the rounds on Sunday morning news shows, someone who will "put a bullet betweens the president's eyes," the senior Senator of New York, orchestrator of the Senate's shift back to the Democrats, husband of a recent Department of Transportation commissioner, imaginer of middle class couple the Baileys, cereal hog. But defender of hedge funds' and......
Continue Reading "Huh: Schumer Not Keen on Increasing Taxes For Hedge Funds, Private Equity Firms"July 10, 2007
Starrett City, the subsidized housing development in Brooklyn, was sold for $1.3 billion in February, but for the second time, the Department of Housing and Urban Development rejected the deal. The February sale needed to be approved by HUD, because Starrett City is the country's largest subsidized development, and shortly after the sale was announced, State Attorney General Andrew Cuomo got to work on blocking the sale. HUD Secretary Alphonso Jackson called Starrett City "an......
Continue Reading "Offer For Starrett City Rejected"April 17, 2007
While there's no video of Mayor Bloomberg's Inner Circle Dinner performance online yet (though there's a YouTube clip of someone taping the CW 11's New at Ten - complete with giggling at Mayor Mike), the Daily News' Daily Politics did post this commercial for "Mayor Poppins." Elizabeth Benjamin writes, "My favorite part is Mark Green, playing himself and uttering a line so quintessentially Mark Green it's scary." NY1 said the annual skit spoofed "issues......
Continue Reading "With a Spoonful of Sugar, But Not Trans-Fats"April 14, 2007
NY State lawmakers are working on legislation that would guarantee rent subsidies that keep Brooklyn public housing project Starrett City affordable, no matter who owns it in the future. Real estate group Clipper Equities has been rebuffed twice in efforts to buy Starrett City, because it was expected the company would attempt to remove long-time residents and charge higher rents. While the legislation is being crafted in Albany in the State Assembly, U.S. Senator from......
Continue Reading "Keeping Starrett City Affordable"April 8, 2007
Today on the Gothamist Newsmap: a 4-alarm brush fire on Staten Island, a missing child report at 3rd Ave. and East 117th St. in Manhattan, and a stabbing on Boston Road in the Bronx. Finding parking in NYC requires a guide. Here it is (garage parking only). Street parkers must continue to survive on guile, cunning, and skill. The winning $105 million Mega Millions lottery ticket was sold at at The Magazine Store on......
Continue Reading "Extra, Extra"April 7, 2007
Today on Gothamist Newsmap: a barricaded emotionally disturbed person/stabbing on Parsons Blvd. in Queens, an overturned auto on Bushwick Ave. in Brooklyn, and a stabbing on Staten Island's Taylor St. City Councilman Hiram Monserrate (D-Queens) is a big fan of Tom Cruise's Scientology detox program that is being offered free to firefighters. He's done it and it made him feel "100 times better", which is pretty good. City Island residents contemplate life on the......
Continue Reading "Extra, Extra"March 12, 2007
Today on the Gothamist Newsmap: a fatal fall victim in Gramercy Park, a demonstration at City Hall, and an unusual animal rescue on the Brooklyn Bridge ("ESU IS O/S WITH A DOG THAT IS STUCK IN THE GIRDER ON THE WALK WAY OF THE BRIDGE... ESU IS REPORTING THE DOG HAS BEEN REMOVED, NO CONDITION GIVEN ON THE CANINE." --BNN), Congrats to shadowy Brooklyn graffiti artist Ellis G-- he got married in Northhampton this......
Continue Reading "Extra, Extra"March 3, 2007
Today on the Gothamist Newsmap: Carjacking at a carwash in Queens, a gas main break in Staten Island and two instances of a barricaded perp. The biggest problem with off-leash laws in parks? People that don't pick up their dog's shit. Off-leash or not, that's a problem all the time, no? Remember those disturbing details of the cop that was seduced while in Montessori school? Well, the cop says that it was 'cool' when......
Continue Reading "Extra, Extra"March 2, 2007
The Department of Housing and Urban Development has blocked the billion dollar sale of Starrett City. A group of investors had bid $1.3 billion for the federally subsidized 46 apartment building complex in Brooklyn, but two weeks ago, NY State Attorney General asked HUD Secretary Alphonso Jackson to stop the sale. The lead investor, David Bistricer, has had a "sordid" real estate history in New York City. Secretary Jackson said that the group of......
Continue Reading "Feds Block $1.3B Starrett City Deal - For Now"February 17, 2007
The $1.3 billion deal for Brooklyn developer Berkshire LLC to buy federally subsidized Brooklyn housing complex Starrett City may be blocked by State Attorney General Andrew Cuomo and the federal Department of Housing and Urban Development. Cuomo announced that his office will enforce an injunction barring the lead investor David Bistricer from completing "certain real estate for life and will not permit the conversion of any of the property to cooperative apartments." Cuomo's statement......
Continue Reading "Cuomo and HUD Attempt to Block Starrett City Deal"February 12, 2007
Today on the Gothamist Newsmap: victim down an elevator shaft on 59th Street, person struck by train at 33rd on the 6, and an "EDP in a vehicle" in LES. Attention terrorists: if you're using the internet at the Park Slope Tea Lounge, the cops may be on to you. F Trainer has a nice set of pix from the Greenpoint Terminal Market-- it's like the surface of the moon up in that piece.......
Continue Reading "Extra, Extra"February 9, 2007
When you shell out $5.4 billion for thousands of apartments in Manhattan, some of them rent-regulated, clearly the next course of action is to oot out the illegal subletters. The NY Sun reports that private detective Fred Knapp has been hired by Tishman-Speyer to find out if tenants are violating rent stabilization rules. The Real Estate Board of New York says this is exactly what landlords should be doing, but housing advocates point out that......
Continue Reading "Watch Out for the Stuy Town Spy "February 8, 2007
The country's largest federally subsidized housing development was sold today for $1.3 billion. Berkshire LLC bought Starrett City, and Starrett City Associates say the money would be deposited today. Residents of the complex, which has over 5800 apartments over 140 acres, and community leaders recently had meetings to protest the sale, the fear being the new owners will eliminate the low- and middle-income housing. And even though there's potential for new development (new luxury......
Continue Reading "$1.3 Billion for Brooklyn's Starrett City "December 19, 2006
What do slumlords, apartment-seekers, and big real estate developers around the city have in common? Not much. But the latest debate in City Hall should have all of them closely watching the reforms of 421-a, a bill that will decide the future of New York City’s affordable housing policy and long-term housing stock if passed by the state legislature. City Council members will vote tomorrow on reforms to a bill originally designed to provide tax......
Continue Reading "Tax-free Housing for the Holidays"December 1, 2006
Maybe the new black is actually selling huge middle-income housing complexes. The NY Times reports that the 140 acre Starrett City apartment complex in Brooklyn is up for sale. And who's the broker? Why the firm of CB Richard Ellis, which handled the $5.4 billion sale of Stuyvesant Town-Peter Cooper Village to Tishman-Speyer. From the NY Times:The complex, whose owner changed its name in recent years to the more chic-sounding Spring Creek Towers, is......
Continue Reading "Brooklyn's Starrett City Up For Sale"
