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By Accord Real Estate Group

River Ring Dumbo Project Rezoning Approved

October 4th 2021
Tags: Real Estate News, All about Brooklyn New York, Brooklyn Attractions

Community Board 1 has approved an ambitious rezoning proposal along the Williamsburg waterfront, Brooklyn NY.

The Board's approval is based on the conditions that the project has two towers of mixed income housing, a YMCA and a waterfront park facing the East River.

In compliance with the Board's recommendations, Developer Two Trees will redesign the towers, a reduction of overall units and increasing the number of affordable apartments. David Lombino, managing director at Two Trees says “We appreciate the concerns expressed by the community board members and we are eager to follow through on our commitment a new model for Urban Waterfront Resiliency. The plan will have a 1st of it's kind public beach and in water park that will insulate the inland community from flooding. The Park will have 3 acres of public open space + 3 acres of protected in water access.

There will be approximately 1,050 new homes. The affordable housing component will be 60% and 40% AMI.

Very importantly, a storm resilient edge will be built to protect over 500 inland properties from flooding, A new custom YMCA, a commitment to local independent retail and Green technology that is designed to create independence from the City's sewer, storm water and electrical grid. 

If you are interested in selling your property or you know someone who is planning to sell their New York or Brooklyn property, whether a single family residential property,  an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.

We always bring our clients the top market price for their property and provide exceptional personalized service from initial consultation to closing.

Thank you,

Accord Real Estate Group

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