Goldman Arm Revives Williamsburg Project

11 Broadway was originally slated to be a luxury hotel (with lofty ambitions and delusions of waterfront views). Now, L+M Development Partners, with financing from Goldman Sachs Urban Investment Group, is developing the site. The project will be mixed use, retail and residential, with 20% of the residential portion set aside as affordable housing (I’m not sure if this is in or out of the inclusionary housing zone – it is definitely not in the height-restricted contextual zone). The architect for the project is Greenberg Farrow (who were also the architects for the most recent hotel scheme).

via The Real Deal