Plans have been announced for 970 Franklin Avenue, a potential ten-story residential building in Crown Heights, Brooklyn. Developed by Isaac Schwartz, which recently purchased the 289,957 square-foot lot for $54.3 million from The Continuum Company, the project can yield up to 355 residential units. The property is located between Montgomery Street and Sullivan Place.
The above rendering was included in sale materials, depicting an example residential development that could be built on the site. The render features a symmetrical façade with alternating vertical bands of light and dark brick, large windows, and ground-floor retail spaces with street-level plantings and regularly spaced trees.
The site is currently vacant, as seen in the following Google Street View image.
970 Franklin Avenue, via Google Maps.
JLL Capital Markets arranged the sale of the site, which is located approximately one block from Prospect Park. The property sits adjacent to another ongoing development at 960 Franklin Avenue, which will include 301 residential units.
Transit nearby 970 Franklin Avenue includes stations served by the B, Q, 2, 3, 4, and 5 trains.
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This seems rather institutional looking.
How does YIMBY get through this article and not even mention this is a part of the unambitious compromise that resulted from the community rejection of the much more dense – and tall – proposal that was tied up in legal limbo because of shadows threatening the botanic gardens.
What a monster!
Those who want a big expansion of affordable housing should be careful what they wish for. A huge expansion of affordable housing is going to mean hundreds of such buildings across NYC and inner Jersey and Westchester County.
Good
I second that, good
Good about damn time. There are people who have kept our community afloat for decades. They should be able to stay here. The city needs to keep the promise of affordable housing.
Looks like the rendering of a 14 story building doesn’t match the 10 stories mentioned in the article text.
there needs to be truly affordable housing units in that gentrified part of crown heights, 300+ units, since the site has now been sold to another developer what will be the AMI, I hope its not the so called workforce housing which is close to market rate just more highest income. people in that neighborhood needs truly affordable housing, not more outrageous high rent apartments
You say “good” because you won’t have to live in them.
Hurray!
More Buildings!
More People!
More Density!
More Traffic on Our Streets, Subways and Busses, etc.,
While Our Fragile Infrastructure Continues to Crumble.
The rendering does not reflect what can or will be built at this site. The rezoning that Continuum got transfers to the new owners, so the height and shadow limits continue to apply to the new owner.