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Brooklyn Developer Hacks Wage Rules | Real Estate News
Shimon Klein’s massive Downtown Brooklyn project—297 units across three buildings—is quietly exploiting a city loophole: splitting developments into 99-unit chunks to dodge higher wage requirements under the 485x tax incentive program. With commercial, community, and rooftop space planned, this isn’t just another build—it’s a strategic maneuver mirroring a growing trend among developers eyeing Brooklyn’s booming skyline. No timeline yet, but watch this one closely—it could reshape how big projects navigate NYC’s rules. Listen in comfort:Get a discount on a Soli Pillow…
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