Feldman Brothers Get OK For 64 Apartments

MARKET RATE??? Isnt that a shame?? Another act of residential segregation ....smh...

These guys are planning to build their Feldman Boxes all over the place lately. My Spidey sense tells me something is amiss here.

STOP. BUILDING. MARKET. RATE. APARTMENTS. DOWNTOWN.

Has there been even ONE overpriced apartment complex that's been denied in the last five years?
what percentage of new haven area born and bred humans find $1500 a month for a studio affordable?
Are the Feldmen brothers from new haven or live in the area or have any, ANY roots in the Elm City?
Out of town developers run the slums, and now they are building overpriced housing where retail shops once employed and supplied the locals.
stop the insanity.

What benefit is there in stopping the development of market rate housing? I am under no illusion that such housing will significantly address the real need for housing that is affordable to low- and moderate-income families. But stopping developments such as this will do absolutely nothing to help these families. Allowing them to be built willl at least help the city pay for the services these families need. You might argue that the city should require developers to include affordable housing in their projects. But there is no legal authority for such a requirement in Connecticut, and it might well violate the Takings Clause of the U.S. Constitution.

46 apartments and 19 parking spaces. Based on actual evidence, what does that mean for the new tenants? How many tenants will 46 apartments hold and roughly how many cars can be expected?

@Bradley

Because much like in the 90's, eventually they will over build and those apartments will sit empty a lot like many of those condos that were built during the boom are STILL empty to this day. And when the crash came, it dropped like a proverbial ton of bricks, and in many aspects New Haven hasn't fully recovered. It's happening in New York in the West Village, and in other parts of the city. It will only be a matter of time before it happens here, and yet another real estate bubble bursts, and these developments go belly up because everyone will figure out they can get a place in Branford or Hamden for a third of the price, then what? Is the city going to raise taxes even higher and drive even more families out? Am I going to have to pay $300 in taxes on a fifteen year old car?

The thinking that these over priced.. oh I'm sorry "market rate" apartments are going to benefit the rest of us when the after effects trickle down, is a fallacy. There's not an unlimited amount of money that can be sucked out of the housing market. Somewhere you will reach a saturation point, if you haven't already.

We should be so lucky as to get over development of apartments, which would drive prices down. Those 80s condos didn't stay empty, they eventually sold super cheaply. That's great, not bad. The actual problem is that the new supply may be insufficient to really drive prices down.

And, many of the new developments are adding 1st floor retail on undeveloped lots. They are not subtracting from our retail base, they are adding customers and space.

Further, they help the whole city with long term tax revenue and short term construction jobs.

The alternative is not subsidized housing, it is empty lots and buildings, lower tax revenue and fewer jobs.

Does any one have a coherent argument against these downtown projects?

Perhaps the market rate housing trend could lead to gentrification for those who would rather comment than do something which adds to their community, or to the New Haven tax base. Idle hands are the devils workshop.

I'd love to see these developers build 10-20 new complexes like this every year in New Haven. That would add 500-1,000 new units to our housing supply each year. I could think of 20 derelict lots near downtown that the city should immediately hand over to a developer in return for a promise to develop new, taxable, property on it.

The city needs to be building at least 2,000 to 3,000 new housing units each year. People are living much longer lives. The workers who are needed to support that older population, who are mostly young people and/or immigrants, do not want to or can not afford to move to a place like North Branford where they will need two cars and money to maintain a bloated single family house and a huge yard.

While it is true that the population of Connecticut is not growing that quickly right now, this is mostly because adults are having fewer children and because people are fleeing rural areas like North Branford and Litchfield County. The number of households looking for housing, the number of single people who want to have their own apartments, and the number of people wishing to live in the more urban parts of Connecticut such as Stamford-Norwalk, continues to increase quite quickly. Until we start building enough housing, rents in places like New Haven will keep going up and people with less money will keep getting pushed out.

If only housing for the homeless could go up so quickly and easily. Projects for the rich and middle class go quick but the CCS folks have to wait eons. Years ago I asked the city for River St. Just ask Jesse Hardy who disappointedly voted for Harp instead of his cousin Sundiata.

The Neighborhood Housing Services people recently wrote a nice letter to me, a millionaire. BUT they do small time-consuming projects. WE need hundreds of small apts. NOW. I WANT HOUSING FOR HOMELESS PEOPLE NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!