960
Franklin
Ave
960 Franklin Avenue
Brooklyn, NY
THE STORY:
The first proposed 50/50 mixed income residential rental development on private land in Crown Heights, Brooklyn that addresses the district's urgent need for permanently affordable housing for people of all spectrums of incomes.
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RESIDENCES TBD
STORIES TBD
COMING SOON
KEY DETAILS
COMING SOON!
The rezoning at 960 Franklin seeks to transform a vacant and underutilized plot of land into a 1600 unit mixed income residential development with extensive community benefits, including:
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50% workforce + affordable housing;
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20,000 sq. ft. of local retail space along Franklin Avenue;
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a 7,500 courtyard partially open to the public.
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This is the first and ONLY development in Crown Heights and its' surrounding neighborhoods that finally addresses desperately needed housing for middle income families.
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With the construction of approx. 800 units of targeted workforce + affordable housing, this project represents an unprecedented opportunity to retain the city's middle + working class by providing permanently affordable housing to individuals and families of all spectrums of income.
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DETAILS
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Developed in partnership with the AFL CIO Housing Investment Trust, a Union pension fund -- which, has committed in excess of $550,000,000 of their members retirement income to help finance this ground-breaking mixed-income initiative.
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Envisioned to be a new class of quality affordable housing -- all units will have similar layouts, unit sizes, appliances, finishes and amenities between the market rate, workforce and affordable units.
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Located in walking distance of mass public transportation, Prospect Park, Medgar Evers College & Preparatory School, the Brooklyn Museum, and the central branch of the Brooklyn Public Library.
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UNION BUILT -- UNION FINANCED -- UNION OPERATED.​ This project will bring 3000+ union jobs with robust, zip code-based outreach to community residents for these jobs.
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