Is this redevelopment the first step to the area’s transformation into a denser and revitalized neighborhood?
Pending approvals, a major new redevelopment, consisting of residential, retail and community space, may be coming to East New York revealed YIMBY. The plans, designed by Magnusson Architecture and Planning, PC, would result in four buildings covering an entire city block at 1427-1449 Loring Avenue; it would become East New York’s first huge redevelopment, possibly paving the way for the area’s transformation into a denser and revitalized neighborhood.
The plans include 521 units, 130 of which would be designated as affordable apartments. Aside from a total residential floor area of 509,907 square feet, the buildings would also become home to 17,214 square feet of retail space, as well as include a 21,539 square foot community facility component. Each structure would stand between 8 and 12 floors in height. The planning documents also include a “landscaped terrace”.
With just 100 allocated parking spaces, occupying the space between the retail and community facility on the ground floor, the project seems to rely on the nearby public transportation system. East New York’s proximity to the subway is one of the main reasons the neighborhood is coming more and more into the focus of developers; stops for the subway lines A, 2 and 5 are all within a 1-mile radius from the site.
If the project receives approval, construction is anticipated to begin in December of 2017 and expected to be completed by September of 2020. The developers behind the proposal are Canyon, Sterling & Emerald LLC, and Radson Development.