A 14-story mixed-use development with 100-percent affordable housing units is coming to 326 Rockaway Avenue in Brownsville, Brooklyn. Slate Property Group and RiseBoro Community Partnership recently announced the 38,000-square-foot land deal closing. The proposed 160,000-square-foot building will also have an estimated 5,000 square feet of ground-floor retail and community facility space.
Of the 215 residential units, 60 percent will be set aside as supportive housing for residents below 60 percent of the area median income. Residential amenities include a community room, a gym, landscaped courtyard, a shared laundry room, 24-hour security, and social services.
“We’re pleased to announce our partnership with RiseBoro and the local community to bring a 100-percent affordable housing development to Brooklyn,” said John Valladares, vice president of development at Slate Property Group. “Slate is committed to keeping residents in their communities in the face of a critical citywide housing crisis. This project will not only bring affordable housing but supportive services for those in need, as well as provide opportunities for economic activity and job creation.”
326 Rockaway Avenue is the first new construction development through a Slate and RiseBoro partnership. The land acquisition was completed through a Corporation for Supportive Housing loan. The development will partner with Local 79 under a new affordable housing labor agreement to ensure living wages during construction. When completed, the building will be managed and operated by 32 BJ union members.
“At a time when countless Brooklynites are struggling to stay in their communities, 326 Rockaway is poised to be a beacon of affordability,” said Scott Short, CEO of RiseBoro. “We’re thrilled to work with Slate on this monumental achievement for affordable housing that will help further our mission of unleashing the potential of communities to thrive, no matter the odds.”
Construction is expected to begin in 2022. No renderings are available at this time.