Downtown Brooklyn Will Double New Resi Units

Downtown Brooklyn is nowhere near through adding residential towers. A report by the Downtown Brooklyn Partnership says 12,769 new residential units are coming. That’s more than double the number built since a rezoning in 2004 eased limits on new construction. That's $6.5B of mixed-use and residential projects either going up now or in the next few years. The mix looks like it’ll be about 80% rental with over 25% of units defined as affordable. (Intrigued? Check out Four Big Affordable Housing Ideas.) Nine hotels totaling 1,000 new rooms are also on the way. The big loser here? Sunscreen sales, as everyone will be spending more time in the shadows of high-rises.

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

With Occupancy Brimming, Investors Pile Into Bay Area Apartments

FBI Drops Investigation Into Financially Troubled StoryBuilt

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

GTIS Partners Rebrands As Brightshore Capital, Launches $250M Debt Platform

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

Daniel Negari Buys Downtown LA Hotel For $34M

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Sales Of Lower-End Apartments Surge In Philly As Landlords Face Financial Issues

Wu Proposes Tax Breaks To Jump-Start Stalled Housing Projects