The Real Deal New York

Downtown Brooklyn apartments rising on 10 parking sites

3,800 housing units planned for former home of lots and garages
May 05, 2014 08:30AM

Residential high-rises are increasingly replacing parking lots and multi-story buildings in Downtown Brooklyn.

In the neighborhood, as many as 10 residential projects are currently under construction – or soon will be – on the site of parking lots. The Downtown Brooklyn Partnership said roughly 3,800 units of housing, including 650 affording housing units, will be housed in these buildings. For example, a five-story, Macy’s-owned parking garage at 1-31 Hoyt Street offers 580,000 buildable square feet. Although several developers have expressed interest, no development plans have been made for the site.

“The city needs housing,” Tucker Reed of the Downtown Brooklyn Partnership told Crain’s. “We need to be building it wherever we can, so this is great for [the neighborhood] as well as the city.” [Crain’s]Mark Maurer