"The Broadway Junction area, which lies at the nexus of three communities-Bushwick, Ocean-Hill, Brownsville, and East New York-has been slated to receive nearly $1 billion in public and private investment. The public investment has the potential to be transformative in this disinvested area. However, government officials must learn from the past and put protections for local residents in place to prevent speculation-induced displacement."
"In 2023, the city announced $500 million in investments to: bring long-overdue ADA accessibility to the station, erect two new public plazas, make streetscape improvements, and relocate the Transit Police District 33 station. These investments come on top of the $21.6 million the city committed as part of the East New York Neighborhood Plan to renovate the adjacent Callahan-Kelly Playground,"
Broadway Junction, located between Bushwick, Ocean-Hill, Brownsville, and East New York, is slated for nearly $1 billion in public and private investment. The city committed $500 million in 2023 for ADA access, two public plazas, streetscape improvements, and relocating Transit Police District 33, plus $21.6 million for Callahan-Kelly Playground. The Leser Group used roughly $202 million in construction loans to build 2440 Fulton St., now housing 1,100 DSS employees. The MTA secured $2.75 billion for the Interborough Express light rail. Private projects include Jacob Landau’s $48.5 million loan for 119 market-rate units and Totem’s proposed two-acre campus. The surge of private capital far exceeds prior public investment and raises displacement risks without resident protections.
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