Benefits agreement signed for Sunset Park mixed-use development
A community benefits agreement (CBA) has been finalized for a new, 14-story mixed-use housing development at 737 Fourth Ave. in Sunset Park.
The CBA was signed by the Fifth Avenue Committee, a well-known non-profit community development corporation, and Brooklyn-based development firm Totem. Also signing on were Brooklyn Workforce Innovations, which focuses on creating employment opportunities; Southwest Brooklyn Industrial Development Corporation; and Opportunities for a Better Tomorrow, which also focuses on employment, job training and education.
The CBA, signed on Feb. 23 and released to the public on March 1, guarantees that all benefits agreed to between representatives of the community and developer — including affordable housing, jobs and infrastructure — will be implemented.