Great news: An interview with writer Romy Ashby, whose novel, Stink, has just been published (Jeremiah's Vanishing New York)
Center for Fiction sells up and moves to that other Center for Fiction, the new downtown Brooklyn (Eagle)
Rose told us he expects construction will be completed in summer 2017 on his development, whose new name is Brooklyn Cultural District: Apartments (BCD:A).
It had been called EyeBAM — a reference to Eyebeam Art + Technology Center, which was one of the two cultural institutions that originally planned to move to the building.
Science Gallery International was the second cultural institution that was originally going take space there but also decided not to do so.
Rose's company bought the development site from the city for $1 in exchange for making 40 percent of the project's apartments affordable without city subsidies, he said. The purchase closed in May, he added.
Twenty percent of the units will be for low-income residents earning 80 percent of Area Median Income (AMI), and 20 percent will be for middle-income tenants earning 130% of AMI. Sixty percent will be market-rate units.