East New York is in for a flurry of new development following the neighborhood’s rezoning as a part of Mayor de Blasio’s Housing New York plan. The latest large development to descend on the neighborhood, at 3301 Atlantic Avenue, just got its first rendering (h/t YIMBY). The development will take up a whole city block that currently holds a low-rise manufacturing building and is bound by Euclid and Atlantic avenues and Fulton and Chestnut streets.
The incoming 14-story residential building is designed by Dattner, also behind the Bronx’s inventive Via Verde affordable housing development, and will include commercial and residential space. YIMBY notes that the building is poised to rise 14 floors at its highest points, and will include 403 apartments as well as 21,000 square feet of retail space, though plans have yet to be filed with the Department of Buildings.
The building will consist entirely of affordable housing and is being developed by major affordable housing provider Phipps Houses. The neighborhood’s rezoning mandates that if the developer is seeking HPD financing, 40 percent of apartments in the development must be earmarked for households earning less than 50 percent of the area median income. (That number is currently between $23,350 to $38,850 for a family of three.)