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By Accord Real Estate Group

Atlantic Avenue Mixed-Use Plan (AAMUP) Looks To Develop A Crown Heights Lot

September 24th 2023
Tags: Real Estate News, Brooklyn Real Estate

There is another initiative moving forward to help solve the New Yok City's housing crisis. A stretch of the area surrounding Atlantic Avenue could become the model on how to create an inclusive, mixed-use district that creates affordable housing and jobs.

The initiative is called Atlantic Ave Mixed-Use Plan and is a collaboration between Council member Crystal Hudson and the Department of City Planning.

Plans have been put forth for a 33,000 square foot lot located at 962 Pacific Street, which will have new affordable housing with family size apartments, space for light manufacturing uses and a 10,750 square foot early childhood education center.

HSN Realty Corp – a woman owned and run business is the team behind the project. The proposed project would have 150 residential units, of which a significant number of apartments would be affordable.

Michelle de la Uz, Executive Director of the Fifth Avenue Committee, a Brooklyn based housing non profit says of the 962 Pacific project “Fifth Avenue Committee and other advocates have long called for all communities to do their fair share in addressing the deepening affordable housing crisis, providing opportunities for families hoping to live or remain in the community they love. The community needs additional affordable housing and thriving commercial, light manufacturing and residential uses that reflect and support the communities’ vision and needs”.

Nadine Oelsner, President of HSN and owner of the 962 Pacific Street lot says “Through our involvement in the M Crown planning process since its inception and our recent participation in AAMUP, we understand the imperative that any new housing development also balances the need for preserving industrial and manufacturing uses in the area. We see the potential for 962 Pacific to achieve these major objectives prioritized by the community – creating affordable housing and preserving space for manufacturing uses”.

The proposal contains 19,000 square feet of light manufacturing space as well as 8,750 square feet for retail, like a bookstore or cafe' to provide more spots for the community to gather.

According to Leah Archibald, Executive Director of the Evergreen Exchange, an industrial advocacy organization working with HSN advising on the manufacturing uses in the project says “We are hopeful that this project can serve as a model for other innovative mixed-use developments”.

To be continued...

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