Continuum Company and Lincoln Equities have revealed their new mega-project which is set to come to Brooklyn’s Crown Heights neighborhood at 960 Franklin Avenue. The proposal, which as been submitted to New York City’s Department of City Planning, includes over 1.4 million SF of total development which includes 2 mixed-use buildings to be built in two phases. The developers are seeking funding for the project via state and federal affordable housing programs. If the partnership is able to obtain approvals it expects to begin Phase 1 in 2021 which would include a 39-story tower with 810 residences, 405 of which would be affordable housing, 9,641 SF of retail and 113 parking spaces. Phase 2 would begin in H2 2021 and would rise 39-stories as well with 768 units, 381 of which would be affordable, in addition to 11,542 SF of retail, 9,678 SF of community facilities and 67 parking spaces. The project would also bring 50,258 SF of park space, 18,000 SF of which would be open to the public. The project’s expected completion date would be in H1 2024.
