New York's Cooperative and Condominium Community

Habitat Magazine Business of Management 2021

HABITAT

ARLINGTON TERRACE APARTMENTS

It was a rough year for affordable housing in the Big Apple, but the city delivered some hope last week to supporters of Mitchell-Lama. According to a DNAinfo report, the city announced last week that BFC Partners — the developers of Staten Island's outlet mall — plan to buy and rehabilitate the Arlington Terrace Apartments, a Mitchell-Lama housing complex in Mariners Harbor. BFC will spend $75 million to tackle major exterior and interior fixes on all four buildings. The developers also plan to rename the complex North Shore Plaza and "extend its affordability for residents," the report added. That's definitely good news to residents of the troubled housing complex, who have had to cope with mold, mice, and even crime in their own courtyard.

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