After over 20 years, PS186 at West 145th Street will finally be restored in the next coming months. Bespoke readers have noticed more activity on the site lately and now a Crain's article reveals that 63 low-income apartments are planned along with 7 middle-income and 8 market-rate units. The Boys & Girls Club will be the main tenant on the lower level and this took such a long time because all the financing did not make sense until now. Including those middle-income and market-rate apartments probably helped with the numbers at the end. Some in the community also wanted the building to be demolished and this too stalled things from moving along for decades. This time around, it looks like thing will definitely be moving along quickly since the $48.6 million financing needed for the restoration has officially been secured. More in Crain's:
LINK
More housing and crowded schools in Sugar Hill and all over Harlem. hmmmm, bad city planning.
ReplyDeleteThis building was sold over 20 years ago to a private entity not related to the city back when there was great population decline in Harlem. Several new schools have been built in Harlem over the past decade. Probably more so than any decade since 1900.
ReplyDeleteAlso why doe most of the apartments have to go to low income ? What we need are more housing for the middle class.
ReplyDeleteYet more subsides from the rest of us to pay for the entitled few.
The units all should be market - and market does not mean luxury it just means not subsidized.
Sounds like glorified project housing. I'm surprised this won't have a greater proportion of market rate units. It should be something closer to 50/50.
ReplyDeleteThis place has such potential not sure why people are so negative about it. Affordable housing is for people with jobs, I think they made a smart choice here. Not everything has to be 100% money making. This strikes a really nice balance.
ReplyDeleteI agree it should be 50/50. I doubt they are going to sell the market rate units fast when there are too many low income units...Bad idea!
ReplyDelete