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Council Member Pierina Sanchez, Speaker Adams Highlight Kingsbridge Armory Redevelopment with $375M Investment and Community Benefits
Summary
Council Member Pierina Sanchez asked the council to approve a redevelopment plan for the Kingsbridge Armory, saying the deal would create 500 permanently affordable units, cultural space and a community benefits package she valued at $130 million.
Council Member Pierina Sanchez delivered a floor statement outlining a negotiated plan to adaptively reuse the Kingsbridge Armory site. Sanchez said the proposal would produce 500 permanently affordable residential units, a range of community and cultural facilities, ground-floor retail and a large live event venue on an adjacent National Guard site.
Sanchez characterized the action as the result of long-term community organizing,…
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