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“In a way, the city won the battle and lost the war,” said Frank Chaney, a land-use attorney with the firm Rosenberg & Estis who’s not affiliated with any Inwood projects. In June, the City Council passed a “racial equity” bill that would force some developers to look at up to two years of displacement trends and other affects of gentrification before breaking ground. In the meantime, opponents may take a measure of solace that their work has focused a spotlight on some unintended effects of community planning. “Once the dust settles with Covid, we will take another stab at it,” Mr.
The adjacent parking lot will be listed for sale once the market improves, he added. The property, whose last asking price was $3.8 million, will likely remain retail. The one with the doughnut shop, Twin Donut, is now in contract to be sold this fall, he said. Whelan decided to market the parcels separately, which seemed to do the trick. On Broadway at West 218th Street, a pair of side-by-side sites, one of them with a longtime doughnut shop, was listed for sale in October 2020 but had no takers at $10.5 million, said Brian Whelan, a director at B6 Real Estate Advisors, the firm marketing the property. Brokers say an affordable housing requirement of at least 25 percent of a project on rezoned blocks is killing some deals. It’s the only time a New York rezoning has been shot down by the courts, lawyers say.īut there have been stumbles. In December 2019, Verna Saunders, a New York Supreme Court Justice, agreed with the challengers and nullified the rezoning, writing that the city “failed to take a hard look at the relevant areas of concern identified by the public,” according to her decision. Almonte were not returned.īut the opponents of the plans were almost victorious. In the suit, Almonte said he was worried his landlord would sell his one-story building upon rezoning, though that does not seem to have happened yet. Teresa Pharmacy, a business serving mostly Dominican customers at 10th Avenue and West 206th Street. In its suit, the group “Northern Manhattan Is Not for Sale,” highlighted individuals who would suffer if swaths of the neighborhood were to change.Īmong them was a Luis Almonte, who since 2011 has owned St. The area, which is largely Dominican, is considered one of Manhattan’s least-expensive areas. One partner, Arnold Gumowitz, an investor with holdings on the Upper West Side and Midtown who controls the project’s ground lease, paid $9.5 million for the site in 2013, according to a deed. Taconic, which closed on its $24.6 million stake soon after the area’s zoning changed, was this August given the go-ahead by Building Department officials to begin demolitions. At 410 West 207th Street, a former Pathmark grocery store with a sprawling parking lot is being turned into a 690-unit residential development from a team led by Taconic Partners.
Also, as part of the rezoning, the city has promised to build a ribbon of parkland along the Harlem’s banks and under the University Heights Bridge, next door to the project.Īcross the street, another once-moribund high-rise has also been exhumed. The project, whose wavy brick facade is by Aufgang Architects, which has also designed luxury condos, will also have two gyms, a roof deck and a parking garage. “When you get to the reality playing out with my project, you realize what a rezoning should accomplish,” Mr. Still, going all in on affordable housing also qualifies the project for a direct subsidy from the city, possibly to the tune of $60 million, he added. Every unit in the building, from studios to three-bedrooms, will be offered at below-market-rate rents, unlike at most ground-up projects, where the affordable part is usually at least 25 percent of the units. Weiss said.īut Inwood should give his project a chance, he said. “They translate as change and possibly gentrification, and certainly for the last 30 years, there has been gentrification around rezonings,” Mr. Yet Eli Weiss, a principal at Joy who once worked in city government, said he understands how rezonings can be lightning rods for controversy.