The day after securing a $93 construction loan, the Rabsky Group has announced that 100 out of the 500 rentals at their massive Rheingold Brewery development will be below-market rate. As Curbed notes, Bushwick residents have been advocating that the 400,000-square-foot project include affordable housing since it was first announced, spurred not only by the neighborhood’s need, but the fact that Rabsky had no legal obligation to include affordable units. Rabsky paid $53 million in 2014 for the site. They decided on the number of affordable units after the Department of Housing Preservation and Development completed a review of the site. “There is a […]
ODA’s Rheingold Brewery rental will offer 100 affordable units in Bushwick : 6sqft
