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[–] 3 points 3 weeks ago

https://www.nyc.gov/mayors-office/news/2026/09/mamdani-administration-advances-plan-to-build-nearly-4-000-new-h

Following a competitive request for proposals process, the city selected GFP Real Estate to develop the site.

Note it said only 1,000 affordable residences, but 4,000 overall. A real estate company is happy to cover the cost and cede 1,000 units to affordable terms in exchange for 3,000 residences at market rate.

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