Albany still hasn’t resurrected the 421-a tax exemption program, and developers of big affordable housing projects have become tired of waiting for a tax break that may not return. Now Procida Companies is pushing forward with one of those developments, a 300-unit affordable housing complex at 96 New Lots Avenue in Brownsville.
New details are emerging of the affordable mixed-use project planned at 110 New Lots Avenue, in southern Brownsville. The project was reported to consist of 481 units when plans were first unveiled in October. Developers have now filed applications with the Department of City Planning to rezone the two-block assemblage for a multi-building project, called Ebenezer Plaza, with a total 512 apartments, an increase of 31 units. All of the units would rent at below-market rates.
Brooklyn-based Oladega Properties has filed applications for a four-story, four-unit residential building at 545 Bristol Street, located on the corner of Lott Avenue on the southern end of Brownsville. The project will measure 4,600 square feet and its residential units should average 920 square feet apiece, indicative of family-sized apartments. Olabanji Awosika’s Jamaica-based architecture firm is the architect of record. The 20-foot-wide, 2,000-square-foot property is vacant. The Rockaway Avenue stop on the 3 train is five blocks away.
The historic Our Lady of Loreto Church in Brownsville was just saved from being torn down to make way for affordable housing. Now, a different church two blocks away, at 1860 Eastern Parkway, is going to be demolished for another affordable development.
Borough Park-based B&H Management has filed applications for a four-story, eight-unit residential building at 594 Powell Street, in Brownsville. The project will measure 5,631 square feet and its residential units should average 663 square feet apiece, indicative of rental apartments. Reza Khamcy’s Great Neck, N.Y.-based Icon Engineering is the applicant of record. The 24-foot-wide, 2,411-square-foot property is currently vacant. The Junius Street stop on the 3 train is three blocks away.