State Renaissance Court: Not a Small Building
Bounded by Schermerhorn, Hoyt and State Streets, the State Renaissance Court has been in the works since 2002 when the Empire State Development Corp. issued an RFP for the 60,000-square-feet plot of land atop the Hoyt/Schermerhorn subway station. (This means the overall project must be, what, 200,000 to 300,000 square feet?) About two-thirds of the…
Bounded by Schermerhorn, Hoyt and State Streets, the State Renaissance Court has been in the works since 2002 when the Empire State Development Corp. issued an RFP for the 60,000-square-feet plot of land atop the Hoyt/Schermerhorn subway station. (This means the overall project must be, what, 200,000 to 300,000 square feet?) About two-thirds of the site will be a multi-family rental building while the balance will be 14 two-family townhouses on State Street (not to be confused with the State Street Townhouses). In the mix will be 47 Low Income units, 8 of which are for “Very Low Income” households (no more than $28,000 for a 2-bedroom). The marketing campaign was supposed to have kicked off already, though it hasn’t gotten on our radar screen yet. Anyone know anything more than we’ve included here?
Rental Apartments and Applications [State Street Living] GMAP
Checking In On the State Renaissance Court [Brownstoner]
actually, there is an opportunity to rent if you make between $44,000 and $60,000. you just have to live with someone else. if you’re single and middle income, you are screwed.
Middle income max is $141,000?
People earning less than $11,000 are not low income?
No opportunity to rent if you make more then $44,000 but less than $60,000?
whoever came up with these guidelines should be fired on the spot
Years ago (maybe 2000 or 2001) when this proposal started to get legs, some people (i.e., real estate broker types) claimed that Crate & Barrel was interested in the retail space. Obviously, if this was acccurate we’d probably have heard much more about it in recent days.
Does anybody know who is moving into the retail space?
HUD’s rule is you must earn at least 40x the rent….
Also, this building is far nicer in appearnce than the Fedders-style small apartment building populating CH/BS corridor. And whoever made the crack about LA or Vancouver has not seen a lot of the dreck that gets built in those cities.
Also, I don’t know if this block of Schermerhorn is zoned to go above 8 stories generally which would explain the lack of height (and the “bulkiness”, which I kind of like). This building seems to fit in the size of the buildings across the street, and a little bit of a step down from the taller buildings on Livingston.
it’s nice to have parking lots converted to housing. and it’s even nicer to have that housing for a range of incomes.
and it’s nicest most of all to not have another methadone clinic being built in the neighborhood.
btw, hoyt-schermerhorn may be the filthiest station in the hood, but there is a nypd outpost in it, so thank god for that.
The numbers aren’t fair, but with a metro Area Median Income instead of an NYC Median Income determining rents and subsidies, what do you expect? As for the block, sure the other side of the street is gross now, but give it a year, and watch the building begin.
I was wondering what the FAR is for this lot of land. Too bad the building is bulky. I would have preferred a smaller footprint profile with greater height. Yes, I know, all things being equal it is more cost effective the way it is being built.
Nevertheless, I would have preferred higher.