NYC Condo Plans to Segregate Entrances for Rich & Poor Residents

Posted: Aug. 20th, 2013  |  By DailyLuxe News

Maybe they could have separate water fountains and access points too. Will the doors be labeled “Haves ” and “Have Nots”? It probably sounds worse than it really is ... but not really!  

A condominium being developed in New York City is causing some controversy with its plan to have separate entrances for affluent and average residents. The building is located on the Upper West Side at 40 Riverside Boulevard. 

The Huffington Post reports that the property developer, Extell, is attempting to obtain millions from New York City in extra tax breaks by building 55 affordable residences along with having luxurious high-end properties too.

There is no word on how much the affordable condos will cost, nor is a break down on deluxe units or the difference in cost of the affluent versus the affordable housing. Extell also is the developer of the high-rise luxury community, One57, in which it also sought the same tax reduction by offering permanently affordable housing in that building too.

The property developers are confident there will be  “no shortage” of applicants for residences in its property.