Manhattan, NY 21 East 12th, a residential condominium being built by CNY Construction and developed by William Macklowe Company and Goldman Sachs, topped out recently at 22 stories. Located in Greenwich Village, the project will offer 51 apartments consisting of one to four-bedroom units, a residents’ lounge, fitness room, and garden.
I have heard a lot of criticism of the 421-a affordable housing program, which some have deemed weak and “a giveaway to developers.” Many parties have emphasized how expensive the program will be instead of highlighting how expansive the opportunities and benefits of such a program will be for New York residents.