Rezoning could mean renaissance for East New York

Broadway Junction would serve as an anchor of the revitalized neighborhood

TRD New York /
Jul.July 08, 2014 12:15 PM

East New York could play an important role in Mayor Bill de Blasio’s $41 billion plan to build or preserve 200,000 affordable units over the next ten years.

Carl Weisbrod, chairman of the City Planning Commission, wants to rezone the area to facilitate the development of thousands of residential units.

At the center of the potential rezoning is a reimagined Broadway Junction that would anchor a revitalized neighborhood, according to a city planning report. Under the plan, Broadway Junction — which has five subway lines and a Long Island Rail Road collection — would be redeveloped similarly to the Atlantic Terminal at the edge of Downtown Brooklyn.

According to the same report, much of the area’s development would occur on a 25-block span of Atlantic AvenueBetween Pennsylvania Avenue and Euclid Avenue. Currently, that stretch is dominated by auto-repair shops. After a rezoning, those would be replaced with residential, retail and office space.

“The plan for East New York offers a template for how our ambitious housing goals can be accomplished on a neighborhood level,” Weisbrod told Crain’s. “It sets out a framework for new housing and economic development along key transit corridors.” [Crain’s] — Claire Moses 


Related Articles

arrow_forward_ios
The New York Department of State will hold a hearing on a cease-and-desist bid for the neighborhood on March 5 (Credit: Getty Images)

No house flippers allowed: East NY residents push for ban

No house flippers allowed: East NY residents push for ban
Another new residential project is on its way to East New York

Another new residential project is on its way to East New York

Another new residential project is on its way to East New York
East New York is going to get 2,100 more units of affordable housing

East New York is going to get 2,100 more units of affordable housing

East New York is going to get 2,100 more units of affordable housing
Serial hotel developer files plans for two new projects in East New York

Serial hotel developer files plans for two new projects in East New York

Serial hotel developer files plans for two new projects in East New York
Basements could be big money-makers for NYC landlords

Basements could be big money-makers for NYC landlords

Basements could be big money-makers for NYC landlords
Permits filed for 218-unit housing complex in East New York

Permits filed for 218-unit housing complex in East New York

Permits filed for 218-unit housing complex in East New York
City issues first affordable housing RFP requiring modular construction

City issues first affordable housing RFP requiring modular construction

City issues first affordable housing RFP requiring modular construction
Brooklyn nursing home wants $71M for move to East New York

Brooklyn nursing home wants $71M for move to East New York

Brooklyn nursing home wants $71M for move to East New York
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...