"The Goliath in this saga is Related Companies, the firm that developed ultra-luxury Hudson Yards-the largest private real estate project in United States history. Valued at over $60 billion dollars, Related has a spotty record of fulfilling community promises, having recently withdrawn a casino proposal after heated opposition and delivering far fewer housing units than promised when Hudson Yards received approval in 2009. Our Davids are the Fulton and Elliott-Chelsea (FEC) public housing tenants fighting Related's planned demolition of their homes."
"With its partner Essence Development, Related proposes to demolish all of the New York City Housing Authority (NYCHA) buildings in Chelsea, with 2,056 total units housing 4,500 tenants across two campuses spanning 9th and 10th avenues, between 16th and 27th streets. Public housing residents will be segregated into three new 39-story high-rises on each campus. An additional 2,400 market-rate and 1,000 "permanently affordable" units will be built on the other 70 percent of the land."
Related Companies and its partner Essence Development propose demolishing the Fulton and Elliott-Chelsea NYCHA campuses in Chelsea. The proposal would remove 2,056 public housing units housing approximately 4,500 tenants across two campuses and consolidate public housing residents into new 39-story towers. The plan would allocate about 70 percent of the land to 2,400 market-rate and 1,000 "permanently affordable" units. Related has faced criticism for withdrawing a casino proposal and delivering fewer housing units than promised during Hudson Yards approval. The proposal raises concerns about displacement, segregation, and private control of valuable public land.
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