The affordable housing lottery has launched for 2700 Atlantic Avenue, a 14-story mixed-use building in Cypress Hills, Brooklyn. Designed by Peter Pizzimenti and developed by Joel Schwartz under the 2700 Atlantic LLC, the structure yields 227 residences. Available on NYC Housing Connect are 60 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $35,692 to $175,000.
New renderings have been revealed for Bower Brooklyn, a 13-story residential building under construction at 2683 Atlantic Avenue in Cypress Hills, Brooklyn. Designed by Isaac & Stern Architects and developed by Wyton Developers, the structure will yield 229 two-bedroom rental units and 30,000 square feet of amenities. The property is located at the corner of Atlantic and New Jersey Avenues.
Permits have been filed for a nine-story mixed-use building at 2501 Fulton Street in Cypress Hills, Brooklyn. Located on a triangular lot bound by Fulton Street and Broadway, the lot is near the Alabama Avenue subway station, served by the J and Z trains. Salvatore Acquista is listed as the owner behind the applications.
A joint venture has closed on financing for the construction of 570 Eldert Lane, a 213-unit affordable housing development located in Cypress Hills, Brooklyn. The team, which is a collaboration between Slate Property Group, Thorobird Companies LLC, and Bangladeshi American Community Development & Youth Services (BACDYS), will demolish the existing parking lot on the site to make way for the new property. The project has been designed by Urban Quotient. The site is located between Glenmore and Pitkin Avenues.
A ribbon cutting ceremony was recently held to mark the opening of 2886 Atlantic Avenue, a ten-story affordable housing development in Cypress Hills, Brooklyn. Designed by JFA Architects & Engineers and developed by Camber Property Group, the nearly 128,000-square-foot structure yields 182 deeply affordable units. The project also includes 5,200 square feet of commercial space and a 56-vehicle parking facility. The New York City Department of Social Services (DSS) and the Institute for Community Living (ICL) will operate and manage the property, which is bounded by Atlantic Avenue to the north, Jerome Street to the east, and Barbey Street to the west.
