Gilbane Development alongside partners Blue Sea Development and Artspace broke ground on Brownsville Arts Center & Apartments, a 283-unit, $254 million affordable housing development located in the Brooklyn, NY neighborhood of the same name. The team is partnering with the City and State of New York on the project, which is slated for completion in 2027.
The Brownsville Arts Center & Apartments received financing in late July. The capital stack included nearly $100 million in contributions from the New York City Housing Development Corp., the New York City Department of Housing Preservation and Development and the New York City Department of Cultural Affairs.
Located at 366 Rockaway Avenue, the design plans drawn up by Aufgang Architects include apartments ranging from studio to three-bedroom layouts for individuals and families earning between 30 to 70 percent of the Area Median Income. Some units will be reserved for those who were previously homeless.
The Brownsville Arts Center & Apartments is also set to serve the neighborhood’s local performing arts community. As part of the project, the developers outlined a 3,440-square-foot multi-purpose space that can be used for performances and rehearsals, in addition to a 28,000-square-foot cultural center.
The Brownsville plan
The Brownsville Arts Center & Apartments was originally unveiled in 2018 as part of the Brownsville plan, a larger initiative intended to increase affordable housing access in the area. The plan aims to bring $1 billion worth of investment in the neighborhood, leading to the construction of more than 2,500 units on city-owned development parcels.
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BACA was the first project to be unveiled as part of the plan. NYC Housing Preservation lists the other two projects listed as Glenmore Manor Apartments and Livonia 4, which together total 800 affordable units.
Glenmore Manor officially topped out last October, New York YIMBY reported. The property will have 232 affordable units for people earning up to 80 percent of the Area Median Income, in addition to homes reserved for the previously homeless in addition to low-income seniors. The property is also expected to house the Brooklyn Cooperative Federal Credit Union and a salon. Livonia 4 is an upcoming 420-unit project set to alongside a supermarket and on-site café.
In Coney Island, BCF Partners was able to move forward to phase three of another large affordable housing project. The developer received $250 million in construction financing for a 420-unit property at 1709 Surf Ave. Once completed, the larger development total 1,242 affordable units, expected to come online by 2028.
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