The affordable housing lottery has launched for 855 Dekalb Avenue, a five-story residential development in Bedford-Stuyvesant, Brooklyn. Designed by Beam Architects, the new-construction building yields 20 units. Available on NYC Housing Connect are six units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $78,858 to $167,570.
Construction is set to go vertical at 595 Dean Street, the site of a two-building development in the Pacific Park complex in Prospect Heights, Brooklyn. Designed by Handel Architects and developed by TF Cornerstone, the project will yield a total of 800 residential units, 72,600 square feet of public open space, ground-floor retail, 455 underground parking spaces, and a Chelsea Piers Field House, the first in Brooklyn. The site is bound by Pacific Street to the north, 550 Vanderbilt Avenue to the east, 535 Carlton Apartments to the west, and Dean Street to the south.
This week, Governor Cuomo announced a $400 million plan to redevelop 7.2 acres of the Kingsboro Psychiatric Center campus in East Flatbush, Brooklyn. When complete, the medical campus will also include 900 affordable homes, public outdoor spaces, a full-sized basketball court, urban farms, a greenhouse, and dedicated space for community programming.
Brooklyn Borough President Eric Adams rejected proposals to rezone a large assemblage of lots that would have supported a new 18-story mixed-use property in Prospect Heights. The proposed development site is located at 840 Atlantic Avenue and was projected to yield 300 rental apartments including up to 95 affordable housing units, 51,000 square feet of lower-level retail, and a 7,490-square-foot dance studio.
Greenpoint‘s latest affordable housing property will soon take shape at 35 Commercial Street following the acquisition of $170 million in construction financing. The forthcoming property is located within the Greenpoint Landing mega-complex in north Brooklyn and will eventually introduce 374 affordable housing units to the neighborhood.