City Council unanimously approves proposed development 737 Fourth Ave. in Sunset Park
From brooklyneagle.com
Mixed-use affordable housing project in Sunset Park is accompanied by precedent-setting Community Benefits Agreement
On Thursday, the New York City Council approved the rezoning for the proposed 737 Fourth Avenue project in Sunset Park by Totem, a real estate developer specializing in community-driven projects. The proposed project includes development of 134 residential units, 1 in 4 of which will be permanently affordable at an average of 46% of area median income (AMI), or between $40,960 and $51,200 for a family of three. The project also includes ground-floor retail, publicly-accessible car and bike parking including a new concept for indoor bike storage with preference for delivery workers who live in Sunset Park, transit accessibility, and an environmentally-centric building design.