Yesterday, the City Council approved a rezoning proposal in Ridgewood, meaning the neighborhood is getting a brand new, 88-unit rental build on Woodward Avenue. DNAinfo writes that those units won’t all be priced at market level. Local Councilman Antonio Reynoso worked with the developer, Slate Property Group, to accommodate affordable apartments and artist space. The development, as approved by the City Council, will be 50 percent affordable, with 20 percent of the units permanently affordable. (It looks like the market rate units will cost around $1,000 for studios and $1,800 for two bedrooms.) The building will also hold 3,000 square feet of affordable rental space for artists and community groups. The developers will pick the artist groups, who can rent the space for $10 a year.
There’s another 7,000 square feet of commercial space, and there will be 120 parking spaces. The building itself will include laundry, an exercise room and a rooftop dog run.