Community Group Signs On As Co-Developer Of Crown Heights Armory Project

Bedford-Union Armory Terminal

The Local Development Corporation of Crown Heights, a neighborhood nonprofit, will join BFC Partners as a co-developer of the Bedford Union Armory mixed-use development.

The LDCCH will help create a new affordable housing fund to advocate for tenants and provide housing education throughout the neighborhood, according to a press release.

The development hit a snag in January, when opposition from community groups demanding more local input and affordable housing prompted Mayor Bill de Blasio’s office to cancel a public hearing on how the project should go forward.

An earlier Freedom of Information Law request signed by Rep. Yvette Clarke, state Sen. Jesse Hamilton, and assembly members Diana Richardson and Walter Mosley asked for projected profits on the development, a timeline and penalties for "failing to live up to any of the terms of the agreement, including timeline, affordability of apartments, quality of construction, et cetera."

When complete, plans call for community facilities, including 67k SF of recreational space, as well as affordable office space and 330 residential units, 50% of which would be affordable.

The LDCCH will also help ensure that the project creates jobs locally, including in the construction process.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Mountain Developers Look To Mobile Homes, Deed Restrictions For Affordability Solutions

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Dublin BTR Had A €1B Summer

Taconic Partners Sheds Another NYC Life Sciences Property

Airbnb Launches $250M Fund To Invest In Affordable Housing

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Ireland's Tallest Building Set To Be Centrepiece Of Dublin Residential Scheme

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower

SL Green Selling SoHo Building For $226M