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[-] jj4211@lemmy.world 3 points 5 days ago

https://www.nyc.gov/mayors-office/news/2026/09/mamdani-administration-advances-plan-to-build-nearly-4-000-new-h

Following a competitive request for proposals process, the city selected GFP Real Estate to develop the site.

Note it said only 1,000 affordable residences, but 4,000 overall. A real estate company is happy to cover the cost and cede 1,000 units to affordable terms in exchange for 3,000 residences at market rate.

this post was submitted on 29 Sep 2026
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