A proposed 72-story skyscraper at 395 Flatbush Avenue in Downtown Brooklyn could be a major development under Mayor Eric Adams' "City of Yes" initiative. The project intends to allocate 25% to 30% of its 1,200 residential units for affordable housing, catering to families earning between $87,000 and $116,000. The development plan also includes community enhancements such as a public plaza and upgrades to the nearby subway station. Although still early in the land-use process, the initiative aims to transform the site currently occupied by an unattractive seven-story building.
The new 72-story development at 395 Flatbush Avenue aims to enhance housing options, reserving up to 30% for affordable units, amidst Brooklyn's growing housing crisis.
Mayor Eric Adams envisions a 'City of Yes' housing initiative with mixed-use residential units, including provisions for the formerly houseless and improvements to local infrastructure.
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