Thursday, November 29, 2012

Stalled Downtown Brooklyn Cultural District Development to resume

Liftoff on Fort Greene Project

The city is moving forward with the final pieces in its long-delayed project to develop the Downtown Brooklyn Cultural District at the edge of Fort Greene.

A development partnership is proceeding with a roughly 500,000-square-foot tower with 600 units of housing, half of which will be affordable to low- and middle-income residents. It also will have retail, office and cultural space.

[image] Ten Arquitectos
A rendering of a planned 32-story tower in Fort Greene, Brooklyn, that also will include new public space.

The city first sought developers to build on a city-owned parking lot at Fulton Street, Rockwell Place and Ashland Place in 2007, but the economic crash slowed progress.

"In 2008, 2009, 2010 things weren't happening. Luckily the market's come back," said Melissa Pianko, executive vice president for development of Gotham Organization, which together with DT Salazar Inc. is building the tower.
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