44°
The plaza will feature 130 affordable rental units and more than 20,000 square feet of retail space.
Located at 679 Van Sinderen Avenue and New Lots Avenue, the two-building complex is receiving funding from the New York City Housing Development Corporation (HDC) and the New York City Department of Housing Preservation & Development (HPD).
MacQuesten is also partnering with East Brooklyn Housing Development Corporation (EBHDC), a non-for-profit, and Best Development Group LLC, an affordable housing consultant and development company founded by Ron Schulman in 2006.
“I am so grateful to the City of New York, Borough of Brooklyn, HDC, HPD, EBHDC, Best Development Group and Community Board 5 for allowing us to advance the housing needs of East New York,” said Rella Fogliano, President of MacQuesten Development, which purchased the site in January 2015. “We’re thrilled to contribute to the revival of the East New York neighborhood by providing high-end, affordable housing units and expansive retail and community space that will benefit all Brooklyn residents."
Van Sinderen Plaza will comprise two seven-story buildings featuring one-, two- and three-bedroom rental apartments. The larger building, on Van Sinderen Avenue, will feature 95,037 square feet of residential space, 17,341 square feet of retail space and 3,860 square feet of community space. The smaller building, on New Lots Avenue, will have 32,776 square feet of residential space, 3,931 square feet of retail square space and 2,049 square feet of community space.
MacQuesten recently completed Phase II and broke ground on Phase III of its Heritage Homes development in New Rochelle. When finished, the project will feature 228 affordable apartments and townhouses on the site of a former public housing project.
The company is currently developing The Modern, a mixed-use transit-oriented development in downtown Mount Vernon that will feature affordable rental apartments and commercial space.
Click here to follow Daily Voice Pelham and receive free news updates.
