Mayor Bill de Blasio has prevailed in his bid to wring more affordable housing from Two Trees’ redevelopment of the Domino Sugar site on the Williamsburg waterfront, with the developer agreeing to add 40 more units—an additional 110,000 square feet—of affordable housing to the project. Of the project’s 2,200 units, 700 will now be affordable, or roughly 31.8 percent.
The move, which was seen as an aggressive gambit on the part of the de Blasio administration, sets a favorable tone for the mayor’s ambitious goal of building or preserving 200,000 units of affordable housing. It also signals that Mr. de Blasio’s top housing chiefs—deputy mayor Alicia Glen and city planning chair Carl Weisbrod—will push for similarly big affordable housing concessions from other developers. Read More