Starrett City will stay under wing of Mitchell-Lama
New York State on Thursday announced an agreement with the owners of Starrett City, also known as Spring Creek Towers, to ensure that the 46-building, 5,881-apartment Mitchell-Lama housing community in Brooklyn remains affordable through 2069.
The complex is the largest Mitchell-Lama rental development in New York City (Co-op City in the Bronx is the largest Mitchell-Lama co-op). For many years it was owned by Starrett City Associates, in which Donald Trump was a minority investor. In 2018, it was sold to Brooksville Company and Rockpoint Group.
The plan includes long-term protections for tenants and requires the owners to make approximately $140 million in upgrades and repairs. The agreement was made under the leadership of New York State Homes and Community Renewal, a division of state government.