"395 Flatbush is poised to transform one of the most important blocks in Brooklyn with a state-of-the-art mixed-use development that is responsive to the City's urgent need for new housing at all income levels, including homes serving low- and very low-income populations."
"Its 840-foot-tall, 72-story replacement, developed by Rabina and Park Tower Group in a public-private partnership, will be second only in height to nearby Brooklyn Tower, the very tallest in the borough. That latter edifice rises 93 stories into the sky."
"The city-owned site sits at one of Downtown Brooklyn's busiest intersections. Its future tower is slated to span 1.5 million square feet with a 1,263 mixed-income rental apartments. In accordance with zoning requirements, 325 of the apartments are aside as permanently affordable."
Downtown Brooklyn's 53-year-old office building at 395 Flatbush Ave., long considered an eyesore, will be replaced by a 72-story, 840-foot tower developed through a public-private partnership. The new structure will become Brooklyn's second-tallest building and span 1.5 million square feet. It will contain 1,263 mixed-income rental apartments, with 325 permanently affordable units for renters earning 60% of area median income, representing the most affordable housing in any single construction project within the last decade. Construction is expected to begin in 2028. The current building houses a Verizon call center and ground-floor retail above the DeKalb Avenue transit hub.
Read at New York Post
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