Influential Brooklyn developer illegally raised rents despite tax break, lawsuit claims

Make your contribution now and help Gothamist thrive in 2026. Donate today Gothamist is funded by sponsors and member donations The influential, multibillion-dollar real estate firm Two Trees won a rare concession in this year’s state budget when lawmakers extended an expired tax break program to cover exactly one project: the company’s latest waterfront development in Williamsburg. Now, a new class-action lawsuit accuses the developer of swindling the public by skirting rules that govern that same tax break program and illegally raising rents at one of its buildings in Fort Greene.

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WilluChill News DeskBrooklyn, New York · Published Saturday, October 31, 2026 at 5:00 PM UTCUpdated Saturday, October 31, 2026 at 7:17 PM UTC

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