Real Estate

Bushwick's Rheingold Brewery Developers Renege On Affordable Units Deal: Report

Rheingold Brewery developers have pulled 88 units from their affordable apartment list.

BUSHWICK, BROOKLYN — Rheingold Brewery developers refuse to honor their promise to provide 24 percent affordable housing in the enormous apartment complex, according to reports.

All Year Management and the Rabsky Group — owners of the vast 1,411-unit development going up on Montieth Street and Bushwick Avenue — have taken 88 units off their affordable housing list, according to a DNAinfo report.

The move violates a non-binding agreement the developers made with city officials in 2013 to market 24 percent of the units at an affordable rate, DNAinfo reported.

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But because the local zoning law requires only 20 percent of the units be affordable, the city has no legal recourse to demand more, said a Department of Housing and Preservation spokeswoman.

"We tried and we sought advice," said Louise Carroll, the Associate Commissioner of Housing Incentives. "And that's the limit of our [power]."

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A Rabksy spokeswoman told DNAinfo that the company never promised to provide more than the legal minimum of affordable units.

Check out the back history of the Rheingold development — which includes sleep-ins, protests and secret votes — on DNAinfo.com


Photo courtesy of GoogleMaps/Nov. 2016

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