The Department of Housing Preservation and Development is preparing to hand over BAM North Site II lot at 15 Lafayette Avenue in Fort Greene to developer Jonathan Rose Companies for $1 in exchange for a 12-story, 123-apartment building with 49 apartments priced below market rate. The building, which will rise on the site of a parking lot adjacent from BAM opera house, will also have 2,800 square feet of space for a restaurant, and space for a 21,000-square-foot cultural center. [NYDN; previously]
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