"Hudson negotiated hard conditions including 35% affordable units for developments, reflecting escalating demands on developers despite impending regulatory hurdles for future projects."
"Hudson's recognition of the rezoning process inefficiencies led to a deal that preserved vital projects, affirming long-standing practices in the face of community needs."
The leasing launch of EMP Capital's 259-unit rental at 1042 Atlantic Avenue is significant due to the hurdles it faced, including a potential project cancellation by Council member Crystal Hudson. She initially demanded the withdrawal of rezoning applications from EMP and Y&T Development, favoring consultation prior to public reviews. After negotiations, a deal was struck requiring 35% affordable housing and a supermarket, although feasibility remains a question given new tax regulations. Hudson's decisions underscore the evolving landscape for development in Brooklyn, balancing community needs with practical complications for developers.
Read at therealdeal.com
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