A civic organization, North West Bushwick Community (NWBC), whose missions is to advocate against the displacement of Bushwick’s longtime working-class residents and for accountability from developers, has requested that members of Bushwick community sign a petition pressuring the developer of Rheingold luxury condos to build promised affordable housing and to provide local jobs.
The enormous Rheingold site encompasses nine blocks and the current plan calls for 327 condominium units. Last year The Rabsky Group bought the Rheingold site from the former developer, Read Property Group for $53 million.
In order to obtain City Council’s approval with rezoning of the site, Read negotiated with the community for several weeks. In the end Read promised in a letter to the former Council Member Diana Reyna (among other things), that 30% of the Rheingold units will be affordable and that they will provide local jobs. (NWBC tracks this and other promises of Read).
