It looks like more affordable housing is coming to Brooklyn: The New York City Economic Development Corporation announced today that the Flatbush Caton Market, located just south of Prospect Park in Prospect Lefferts Gardens, will be revamped as part of a plan to turn the site into a mixed-use development, DNAInfo reports. When the transformation is finished, there will be more space for the market, along with a community center, a school, and 166 units of affordable housing.
The development is being handled by BRP Development Corporation, which has been tapped to work on a similar mixed-use project in Jamaica, and designed by the architecture firm Freeform + Deform. The plan calls for the market's more than 40 vendors to return to a refurbished space once the development is completed; there will also be space for the Caribbean American Chamber of Commerce and Industry, along with a classroom and a commercial kitchen.
According to a press release by NYCEDC, the apartments will all be considered affordable, and will be broken up as follows: "20 percent will be available for low-income residents, 30 percent for moderate-income residents, and 50 percent for middle-income residents." It's yet another piece of Mayor de Blasio's affordable housing puzzle; the mayor wants to preserve or create 20,000 affordable units throughout the city over the next ten years, and many new buildings have an affordable component in order to make that happen. "This development is going to be a true neighborhood hub," the mayor noted in the same press release.
· 166 Affordable Apartments Coming to Flatbush Caton Market Site in Brooklyn [DNAInfo]
· NYCEDC Selects Developer to Bring 100 Percent Affordable Housing, Rejuvenated Flatbush Caton Market Facility to Flatbush, Brooklyn [Official]