Monday, January 23, 2017
Water's Edge development is falling apart
From The Wave:
On Friday, Jan. 13, owners of the condominiums, Water’s Edge in Arverne stood in front of their ‘shoddily constructed’ city-financed dream of first-time homeownership for low and moderate income people and proclaimed it a nightmare.
Council Member Donovan Richards stood in solidarity with the homeowners, asking the Briarwood Organization for one simple thing.
“Just do the right thing,” said Richards. “One of the many dreams we have in life is to become the owner of our very own home. Many people, particularly in our city, never get that opportunity, never mind an affordable home. Unfortunately, for many of the residents here, that dream turned into a reality and then a nightmare. Briarwood needs to make this right and if they don’t, we are calling on HPD to refuse to work with their organization on any subsidized projects.”
On Sept. 1, 2016, the condominium board sued the Briarwood Organization Arverne /Briarwood II, LLC, its principals, Vincent L. Riso, Raymond Riso, James Riso, Howard Goodman, and Briarwood Properties, Inc. who built the 130-unit complex consisting of 65 two-story buildings, with a condo unit on each floor after winning the bid of the Request For Proposal (RFP) issued by the Department of Housing Preservation and Development (HPD) during the Bloomberg administration.