Proposed 300-unit Bed-Stuy rental drastically scaled back

After announcing plans to bring nearly 300 apartments to the border of Bed-Stuy and Brooklyn Navy Yard, Riverside Developers USA are now planning to downsize the housing complex following a rejection of the project by the local community board to rezone the site, reports The Real Deal.

Back in 2016, developers called for two buildings, located at 376-378 Flushing Avenue and 43 Franklin Avenue, that would bring 296 apartments—88 of which would be affordable. A rezoning was needed in order to allow for the residential buildings, however, the local community board took issue with the amount of affordability that developers planned to offer.

The project was planning on offering 30 percent of the building’s units as permanently affordable at 80 percent of the area median income or below. The community board wanted the project to include 25 percent of units that catered to those making 60 percent of the area median income, as well as requesting a 50 percent community preference for the affordable units.

This project has also had its share of controversy, with the initial group of developers coming to a disagreement over the development and filing a lawsuit as a result.

The firm is now looking to construct a seven-story building at 376-378 Flushing Avenue that would consists of 78 rental apartments and encompass 111,000 square feet. Per TRD, the project would offer amenities that include a parking garage, laundry room, and a recreation room. No word on if plans for the site at 43 Franklin Avenue have changed or remain the same.

• Riverside Developers downsizes plans for Bed-Stuy rental project [The Real Deal]
• Plans to bring 300 apartments to Bed-Stuy rejected by community board [Curbed]