The Kingstonian is a proposed $50M, 131-unit luxury housing complex, 32 room boutique hotel, 420 parking space complex with a walking bridge to the Herzog’s Plaza. The developers say that rents for a one-bedroom will start at $1,350 a month, and public parking will cost $1.50 an hour or $60/m.
A small number of business owners, property owners and real estate agents are pushing to have it approved and built quickly. However, many other people believe that the project, as currently constituted, doesn’t meet the needs of the existing community, especially the 50% of households who currently rent in Kingston.
Kingston evictions are at the highest level since the financial crisis
Evictions in Ulster county up 42% since 2016
6,251 Ulster County families spend the majority of their paycheck on rent
Since 2002, Rents have increased by 50%, while wages have actually decreased slightly
Take in $6M in grant money + an eventual PILOT agreement
Require a minimum income of $55,000 for one-bedroom tenants to not be rent burdened
Cost 100% more per hour than the current parking lot
Cost 300% more per month for a parking pass
Cause a net loss of 40 parking spots*
Two NYC real estate developers have bought...
10 Uptown Properties for $16.3M (that we know of), including:
- Catskill Art Supply
- Kingston Opera House
- Cioni Building
- Woolworth's Building
- Family Court
- And more...
Doubling many rents and leaving storefronts vacant. This project is already having an impact on Kingston.
- Provide affordable housing at the Kingstonian
- Create living-wage, full-time jobs
- Have hiring preferences for local residents
- Have hiring preference for hard-to-hire-job-seekers
- Guarantee protection against rent or property tax increases for Kingston families
- Provide affordable parking for uptown workers
- Fund guaranteed legal representation for tenants in eviction court
- Actively seek out and listen to community input
By involving the community in the Kingstonian project, we can serve the needs of the community!
The four videos above were clipped from a recording by Clark Richters and brought to you by Kingston Citizens. Please consider supporting his work of documenting Kingston government meetings by becoming his Patreon. Documenting and distributing these meetings is an invaluable resource to our community!