Thursday, January 20, 2022

Carmelo Anthony’s Condo Investment ‘Not Good For Brooklyn’

Carmelo Anthony

*One local activist is begging Carmelo Anthony to pull his multi-million dollar investment from a Brooklyn real estate redevelopment because she believe the project won’t be good for Crown Heights.

According to the NY Daily News, the 32-year-old NY Knickerbockers superstar is part of an investment group called Slate Property Group, which plans to redevelop the old Bedford-Union Armory in the Crown Heights area of Brooklyn, NY. The Group has plans to build expensive condos on the site which activists say will be a “terrible deal for New Yorkers”.

Anthony will personally back the funding of a sports center at the site that will include a basketball court and swimming pool. But activist Bertha Lewis is disappointed in his involvement in the plans.

READ RELATED STORY: Carmelo Anthony Praises Michael Jordan For Speaking Out About Police Brutality

“This development is not good for Crown Heights, and it’s not good for Brooklyn. Your name should not be associated with such a terrible deal for New Yorkers,” Lewis wrote in a letter to ‘Melo from the Black Institute and New York Communities for Change.

Lewis points out that half the apartments designated as “affordable housing” will still be too expensive for local residents to afford.

“While you may have added your name in hopes that this will be a great asset for the local community, it will not,” Lewis wrote to Anthony, who is with the US mens basketball team at the Rio Olympics. “This public land has the potential of creating much-needed affordable housing for local residents who are rent burdened, or for the Crown Heights residents who have already been displaced due to rents that have been rising exponentially.”

Lewis added that the condo redevelopment will “further exacerbate the gentrification of Crown Heights”.

Ny MaGee
Ny MaGee is an entertainment reporter with over 15 years of experience working in the film industry in areas including production and post-production, marketing, distribution, and acquisitions. She has worked for legendary film producer Roger Corman, Quentin Tarantino's production team at Miramax, the late Larry Flynt, MTV/ VH1, Hallmark Channel, Paramount, Jim Henson Co., Parade Magazine, and various LA-based companies representing above-the-line talent.



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