The new building, 535 Carlton, is the first to get started under the fast-tracked timeline negotiated by Mayor Bill de Blasio and the joint development partnership of Forest City Ratner and Greenland Holdings. The building will be 100% affordable.
Mayor Bill de Blasio joined developers and representatives of the Chinese government Monday to break ground on a residential building at the development site formerly known as Atlantic Yards. The units, when completed, will be 100% affordable, although most will be available to families earning well above the median income for the area….[CNY]