That crazy architect Frank Gehry has an environmental and socially conscious development going up in New York City. I love it when high-profile people work on projects that are down to earth.
Unsurprisingly, New York by Gehry is not seeking LEED certification, but a spokeswoman informed Inhabitat that the building does have a variety of green features, including low-e windows, Energy Star appliances and greywater filtration. Plus, the building has lots of green/outdoor space.
Probably the biggest surprise to come out of the luxury building is that all 903 apartments will be rent stabilized. Developer Forest City Ratner received Liberty Bonds and city tax breaks for the building, so in return they must keep the apartments rent stabilized for 20 years. Plus, a senior vice president at Ratner told DNAinfo that they are offering one month free rent. But that doesnâ€™t mean theyâ€™re cheap â€” rents still start at market rate, which is $3,580 for a one bedroom.