An affordable housing lottery has been initiated for 251 apartments in The Riverie, a new two-building complex in Greenpoint, Brooklyn. Developed by Lendlease and located near the Greenpoint Ferry Terminal, the complex will feature 834 units in total, with only 84 apartments designated as affordable for families making 70% of the Area Median Income. The site, previously home to industrial warehouses, faced significant community opposition upon its purchase by Lendlease in 2020, reflecting the ongoing tension over housing affordability and urban development in the area.
The housing lottery for the new 37-story, 834-unit development includes 251 studio, one-, and two-bedroom apartments that are all income restricted and rent stabilized.
Only 84 of the 251 apartments could be deemed actually affordable, specifically for families earning 70% of the Area Median Income.
The development is the latest Greenpoint tower to replace low-slung industrial brick warehouses, signaling ongoing changes in the local landscape.
Lendlease faced pushback from local residents following their purchase of the site in 2020, indicating community concerns about the development.
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