Just days before the first community board hearing on the massive mixed-use project coming to 80 Flatbush Avenue in Brooklyn, the developers have announced a new partner for the project’s affordable apartments.
Developer Alloy Development announced Monday that it was partnering with Brooklyn-based non-profit Fifth Avenue Committee (FAC) to develop the affordable component of the overall development. The FAC will co-own the affordable units with Alloy, and be in charge of providing on-site resident services, and the marketing and leasing of the affordable units.
“80 Flatbush is designed to meet multiple critical community needs for public schools, truly affordable housing and community/cultural space and being a model of publicly accountable, sustainable, transit oriented development,” said Michelle de la Uz, the executive director of the FAC.
The overall 80 Flatbush project is also being developed in collaboration with the city’s Educational Construction Fund—the project will include a new high school and elementary school. Aside from that, the five-building development will have 900 apartments (including the affordable units), 15,000 square feet of cultural space, 40,000 square feet of retail space, and 200,00 square feet of offices.
80 Flatbush will be built in two phases starting with construction on a 38-story tower and the two schools, which will be completed by 2022. The next phase of development will include a 74-story building, and will be complete in 2025.