Alloy has a new development partner at 80 Flatbush megaproject

Project will include almost 900 apartments

New York /
Mar.March 26, 2018 12:30 PM

Rendering of 80 Flatbush Avenue

Alloy Development has tapped a local nonprofit to spearhead the affordable housing component of its Downtown Brooklyn megaproject.

Jared Della Valle

Fifth Avenue Committee, a community development corporation based in Brooklyn, will own and develop the roughly 200 affordable housing units in Alloy’s 80 Flatbush project, the developer announced on Monday. The project will include almost 900 apartments overall, along with 15,000 square feet of cultural space, 200,000 square feet of office space, 40,000 square feet of retail space and two new public schools.

Rendering of 80 Flatbush Avenue

Alloy is developing the five-building project jointly with the New York City Educational Construction Fund. They will construct it in two phases, the first of which will include the two schools and the second of which will include the affordable housing and cultural facility. Politico first reported the news Monday.

Fifth Avenue Committee was founded in 1978 and has built or renovated 900 affordable housing units so far, with 1,200 more units in development.

One building in the project will stand 986 feet tall, making it one of the tallest in Brooklyn. Alloy has made multiple changes to the project based on community feedback, including overhauling the Phase I tower design and eliminating parking.

Construction on the first phase is expected to be finished by 2022, while construction on the second phase is pegged to be done by 2025.


Related Articles

arrow_forward_ios
A rendering of 165 Broome Street (Credit: Handel Architects)
Nonprofit plans affordable housing development near Essex Crossing
Nonprofit plans affordable housing development near Essex Crossing
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
All Falls Down: Kanye West’s “Star Wars”-themed affordable housing plan hits snag
Extell Development chairman Gary Barnett and the empty lot between 79th and 80th on First Avenue (Google Maps)
Extell building 30-story medical tower on UES
Extell building 30-story medical tower on UES
Millennium Partners' Philip Aarons and a rendering of the Hollywood Center project (Getty, Rendering via Handel Architects)
Shaken, not stirred: Inside Millennium’s battles at Hollywood Center
Shaken, not stirred: Inside Millennium’s battles at Hollywood Center
BRP’s controversial Bed-Stuy project wins approval
BRP’s controversial Bed-Stuy project wins approval
BRP’s controversial Bed-Stuy project wins approval
Crow Holdings, Marcus Partners teaming up for luxury Westchester multifamily
Crow Holdings, Marcus Partners teaming up for luxury Westchester multifamily
Crow Holdings, Marcus Partners teaming up for luxury Westchester multifamily
Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)
Madison Realty’s altered plans for SI complex approved
Madison Realty’s altered plans for SI complex approved
Clockwise from left: Vornado's Steven Roth with 61-19 Junction Boulevard, Rego Park, Silverstein Properties' Larry Silverstein with 44-01 Northern Boulevard in Astoria and BEB Capital's Bert Brodsky with 1065 Atlantic Avenue in Bedford–Stuyvesant (Images via Google Maps, Getty Images, BEB Capital)
Vornado, Silverstein propose major mixed-use projects
Vornado, Silverstein propose major mixed-use projects
arrow_forward_ios

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

Loading...