The city hopes to kick off its big East New York rezoning within the next few weeks, and it plans to subsidize the construction of 1,200 new affordable apartments in the transit-rich area near Broadway Junction. Meanwhile, market-rate development is slowly growing in the southern half of the neighborhood, where new construction comes in the form of small three- and four-story buildings—the only thing that pencils out right now.
East New York
Gateway Estates, a multi-phased development consisting of affordable residential units and commercial space in southern East New York, is now preparing for its final phase of construction. The city is behind schedule in building the proper infrastructure, and work won’t be finished until late 2017, per the New York Daily News, but 1,295 apartments and 225 homes are planned on the vacant land. Financing is expected to close by the end of this year. Nehemiah, the Department of Design and Construction, Metro Industrial Areas Foundation and Monadnock Construction are developing.
Chaim Simkowitz’s Guardian Realty Management has filed applications for a three-story, 10-unit residential building spanning the lots of 424-436 Glenmore Avenue in East New York, two blocks away from the Liberty Avenue C train stop. Units will average 750 square feet each, and Solomon Rosenzweig applied for the permit. Demolition began earlier this year to remove the existing two-story townhouse at No. 424.
Meir Mizrachi has filed applications for a three-story, six-unit residential building at the vacant lot at 717 Sutter Avenue, in central East New York, a few blocks south and west of the Van Siclen stop on the C train. The building will measure 4,350 square feet, which means units will average 725 square feet each. Charles Mallea’s M Architecture is designing.
Benny Imani, operating under an LLC, has filed applications for a four-story, 20,000 square-foot warehouse building at 63 Alabama Avenue, three blocks east from Broadway Junction in East New York. According to Schedule A, the building will be used for storage, and Gerald Caliendo is designing. The plot of land is currently vacant.