The development team at Greenpoint Manufacturing And Design Center, a non profit industrial developer, have broken ground on an $118M mixed use development named Bridge Rockaway located in Brownsville, Brooklyn NY.
This development is unique in that it will offer 174 affordable apartments, 87 of which will have supportive services and 39,000 square feet of ground floor manufacturing space. The manufacturing space will be available for lease to approximately 10 to 12 local businesses which do light manufacturing.
Governor Kathy Hochul says “Quality affordable homes and good paying jobs are the foundation for successful and thriving communities and that is what we are delivering to Brownsville with this important investment”. Gov, Hochul continued to say “Bridge Rockaway is an innovative collaboration between state and non profit partners that will bolster our continued efforts to revitalize Central Brooklyn”.
The layout of the development will consist of two residential towers, one with 6 floor and another with 7 floors, separated by an 11,000 square foot garden.
35 households will have access to on site supportive services and rental subsidies. These homes will be reserved for seniors and veterans in need of supportive services.
An additional 52 apartments will be reserved for chronically homeless adults. On site services will be provided by The Bridge.
Residential amenities will include a ground floor community facility space, a continuously staffed lobby reception area and a community garden. Additional residential amenities will be on the 2nd floor, including social services offices, a computer room, a community kitchen, a multi purpose room, bicycle room, storage and laundry facilities.
The project is being financed by a mixture of tax exempt bonds, federal low income housing credits and grants from state agencies.
U.S. Rep Yvette Clarke said “New York has witnessed too many needless tragedies occur due to the affordable housing deficit that stifles families and communities, denying them the security of housing all people deserve.
Brooklyn Borough President Antonio Reynoso said “There is possibly no better celebration than marking the beginning of a project that will bring many affordable housing units in Brooklyn, but The Bridge Rockaway development is going an extra step by also incorporating light manufacturing space that will create dozens of jobs”.
If you are interested in selling your property or you know someone who is planning to sell their New York or Brooklyn property, whether a single family residential property, an apartment building, a commercial property, mixed use, multi family, coop or condo, vacant land or a development opportunity, call us. You will be very happy that you did.
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