A public-private partnership is set to transform a previously neglected office building at 395 Flatbush Ave. Extension in Downtown Brooklyn into a 72-story mixed-use tower. The proposal aims to replace the existing 53-year-old structure, described as an eyesore, with a 1.5 million-square-foot development that includes over 1,200 apartments, contributing to affordable housing. The initiative, backed by Mayor Eric Adams, is facilitated by new tax incentives and zoning changes, designed to reinvigorate the area and respond to housing demands.
A public-private partnership is aiming to transform a notorious Downtown Brooklyn office building into a second-tallest tower, addressing urgent housing needs.
Mayor Eric Adams revealed plans for a 72-story tower at 395 Flatbush, a site once considered an eyesore, to enhance Brooklyn's urban landscape.
#downtown-brooklyn #public-private-partnership #urban-development #affordable-housing #zoning-changes
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