Committee approves $550M Hell’s Kitchen development

[hrmjustin]

By Ryan Hutchins, Dana Rubinstein and Gloria Pazmino

The City Council's Land Use Committee approved a 1,025-unit development in Hell's Kitchen on Thursday, after the developer agreed to add moderate-income housing and a public school to the complex.

Sixteen committee members voted for TF Cornerstone's plan for the roughly 900,000-square-foot project, and one member abstained.

The vote came after Councilwoman Helen Rosenthal reached a deal with the developer that adds an additional 10,000 square feet of “affordable housing” that would, by her own admission, be affordable only to the top end of middle-income families, earning roughly $150,000 a year.

http://www.capitalnewyork.com/article/city-hall/2014/04/8544255/committee-approves-550m-hells-kitchen-development?top-featured-1

[unblock]

1. $550mm, wow, just how many restaurants is gordon ramsay building!?