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Southbridge Towers is a large housing cooperative development located in the Civic Center neighborhood of Lower Manhattan, New York City. The complex was built between 1961 and 1971 by Tishman Realty & Construction as a subsidized co-op under the Mitchell-Lama housing program. It is situated south of the entrance ramp to the Brooklyn Bridge between Pearl Street, Frankfort Street, Gold Street, and Fulton Street. Southbridge consists of four 27-story towers and five 6-story buildings, which collectively include 1,651 apartments with a total of 331,577 square feet (30,804.5 m2) of floor area.[1]
In October 2005, the cooperative's board of directors voted to undertake a study that could cost up to $25,000 to explore privatization of the building complex.[2]
In September 2014, the residents of Southbridge Towers voted to privatize under the Mitchell-Lama law and reconstitute as a private co-op.[3] The privatization was completed on September 10, 2015.
See also
- Cooperative Village
- Marcus Garvey Village
References
- ^ http://www.southbridgetowers.com/about_us/
- ^ Downtown Express, Oct. 28 - Nov. 3, 2005, "Southbridge Towers Votes to Study Going Private," http://www.downtownexpress.com/de_129/southbridgetowersvotes.html
- ^ https://www.nytimes.com/2014/11/16/realestate/affordable-housing-in-new-york-city-sparks-debate.html
External links