Affordable Housing

Sure, the west side of Flatbush has a huge selection of new luxury apartments. But what about the east side?

(Editor’s Note: This opinion post was made by an anonymous contributor. Please contact us if you’d like to contribute.)

The Brooklyn Tower is a towering monstrosity currently under construction in the outer boroughs of New York City, because apparently Manhattan wasn’t enough for all the wealthy yuppies looking to gentrify yet another neighborhood. Standing at an impressive 1,066-feet, this 93-story behemoth will surely block out the sun and ruin the skyline for everyone else. Developed by JDS Development and designed by SHoP Architects, the Brooklyn Tower will feature a whopping 550 units for the rich and wealthy, with a measly 150 units for purchase and a slightly more generous 120 units for affordable rentals. Because God forbid the average person be able to afford to live in a decent neighborhood anymore.

Bklyner has an optimistic view for the future of Downtown Brooklyn, as well as an outstanding look at how we got to be here:

Brooklyn’s historic central business district also suffered during the pandemic. But the area’s boosters and developers believe its location, open spaces, and large residential population could give it a leg up over Manhattan as the post-pandemic recovery finally begins.

From Steve Cuozzo at the New York Post:

“Data just released by the Downtown Brooklyn Partnership show that occupancy is above 95 percent at both old and new rental buildings. Absorption remains strong as most new properties report leasing between 20 and 40 units every month.”

Do you dream of living in Downtown Brooklyn, but lack the income to afford the multitude of new luxury apartments? Here’s another chance to try your luck at an affordable housing lottery!

NYC Housing Connect has recently opened the lottery for the upcoming One Flatbush Ave, which appears to be nearing the end of it’s construction. The building is at the intersection of Flatbush and Fulton, right next to the Nevins stop on the 2, 3, 4, and 5 trains.

We’ve covered a lot of the negative emotions around the development of a giant tower at 80 Flatbush, right across from Atlantic Terminal, including neighbor protests and a CB2 vote against.

With a public hearing hosted by Brooklyn Borough President Eric Adams happening tonight, why not take a look at the reason people are for the new building?

The Urban Land Institute New York (ULI NY) award ceremony was on April 10th, and a few of our very own buildings were among the winners (emphasis theirs):

Some of this year’s winners from Brooklyn included Dumbo-based Two Trees Development, which nabbed the Excellence in Market-Rate Housing Development award for their breathtaking 300 Ashland building, which is already being regarded as iconic as part of the BAM Cultural District.