Downtown Brooklyn

Cultural real estate coming to Downtown Brooklyn

December 26, 2012 Denise Romano
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The following are three milestones in the development of the last city-owned parcels in the Downtown Brooklyn Cultural District.

The Gotham Organization and DT Salazar are slated to develop 600 housing units – 50 percent affordable – as well as 20,000-square feet of new cultural, community and commercial space, at Fulton Street and Rockwell and Ashland Places. The goal is to drive foot traffic to Arts Plaza and Fulton Street. Construction on the 515,000-square foot building is expected to begin in early 2014.

Two Trees Management plans to develop a tower with 23,000-square feet of retailers and apartments, plus a new public plaza in the 47,000-square foot parking lot at Flatbush and Lafayette Avenues. If approved, the space will be shared by the Brooklyn Academy of Music, 651 ARTS and the Brooklyn Public Library.

The Department of Housing Preservation and Development (HPD) released a request for proposal to develop 100,000-square feet of residential, community and commercial space in the last development parcel in this district, located at Ashland Place and Lafayette Avenue.

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