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Read Property Presents Rheingold Plan to Skeptical Audience at City Council

Representatives of Read Property made their pitch for the 10-building Rheingold project during a City Council hearing at City Hall Tuesday morning

Read Property Presents Rheingold Plan to Skeptical Audience at City Council
Around fifty community members braved the Tuesday morning weather to attend the hearing in the Council chamber at City Hall. Photo by Tobias Salinger for Bushwick Daily.
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Representatives of Read Property made their pitch for the 10-building Rheingold project during a City Council hearing at City Hall Tuesday morning. But several testifying community members, as well as Councilwoman Diana Reyna, demonstrated why this proposal for a 1-million-square-foot development still has high hurdles to clear before the full Council votes on it by mid-December.

The mid-rise structures would feature 242 affordable apartments out of 977 total new units, space for new ground floor retail stores to be filled by local businesses and a new public park. Concerned neighbors and Reyna, however, dispute whether there are enough affordable units and whether the project’s current definition of “affordable” fits into the income levels of longtime Bushwick residents.

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