Two Trees & Arker Companies Tabbed To Build Mixed-Income Development On NYCHA Boerum Hill Site

The Brooklyn-based Two Trees along with Arker Companies has been chosen to build a mixed-income project at Boerum Hill's Wyckoff Gardens in Brooklyn. The project is part of the New York City Housing Authority's NextGen housing program and will be built on NYCHA land. The NYCHA plan to raise funds by leasing out empty land to developers for 99 years in return for payments that help fund repairs of current properties. The developers will pay the NYCHA $37 million towards repairs with $18.5 million to Wyckoff Gardens. The project is designed by Aufgang Architects and will rise 16-stories on two empty parking lots at Wyckoff Gardens. When complete the project will feature 500 apartment rentals, half of which will be offered at market rate and half will be affordable. The proposal has received pushback as those who appose have asserted that Two Trees and Arker Companies have deep ties to Mayor Bill de Blasio. Others have cautioned about the effects of adding more market-rate apartments in neighborhoods which are losing public space.