While Fred E. French's development Tudor City flourished, the perils of private-sector redevelopment emerged at French’s next major project, Knickerbocker Village, located on the Lower East Side near the Manhattan Bridge. When his plans, which included the demolition of the infamous “Lung Block,” faltered in the Depression economy, he was left holding 14.5 acres of tenement property, optioned at about $14 psf. In 1933, French went hat-in-hand to the federal government’s Reconstruction Finance Corporation to beg for millions to realize his dream. Federal officials provided only enough for part of the project: two massive perimeter blocks that, at 12 stories, rose high above the surrounding tenements, yet covered just about half the land. The project achieved a density of 800 people per acre. NYCHA’s first Chair, Langdon Post, called Knickerbocker Village “new types of slums,” but the tenants disagreed after repairs were made to the hastily-built buildings.