Starrett City developers, listen up
As Starrett City residents eye their future, the video above offers a glimpse of its early days. It's a commercial from the 1970s touting the complex's high quality of life and affordability. (via robatsea2008 on YouTube)
Community organizers want to make one thing clear tonight to developers competing to buy Starrett City: They should honor the agreement to keep the complex an affordable, high-quality oasis in Brooklyn.
We want to make sure that any prospective owner knows that we intend to honor the agreement, said New York City Councilman Charles Barron (D-Brooklyn).
This agreement, reached this past summer, allows for the sale of the community under the guidelines that the new buyer maintains the neighborhoods affordability and quality of life. The complex could go for as much as a billion dollars, but estimates are now closer to $700 million.
Starrett City, officially known as Spring Creek Towers since 2002, is comprised of 46 brick towers with 5,881 apartments. The complex has its own power plant, shopping center, and a community paper.
The complex was created in 1974 under the Mitchell-Lama program, which provides affordable rental and cooperative housing to moderate- and middle-income families, according to the New York City Department of Housing Preservation and Development.
Tonights meeting, organized primarily by national non-profit ACORN Housing Corporation, is a dialogue between the current tenants of Starrett City and the four potential buyers.
Maria Maisonet, a Starrett City resident and ACORNs East New York leader, said that the developers would present their plans for the area and the tenants would express their desire to have their community maintained as it is now.
Its nice for us to give our opinion, but I dont think it will make any difference in the final decision of who buys the complex, she said.
If you go: Starrett City tenants interview the four finalist developers tonight at 6:30 p.m.; P.S. 346, 1400 Pennsylvania Ave., Brooklyn.
-- Amanda Magnus
Plus: Will the Wall Street meltdown lower the price of a Starrett City deal?