329 Clarkson Avenue Update 04/21/23

Developer Secures $181.8M for Brooklyn Affordable Housing Project

Developer, , has just secured a $181.8 million loan for a 9-story, mixed-use project, set for 329 Clarkson Street in Brooklyn's Prospect Lefferts Gardens neighborhood. Issued by the New York State Housing Finance Agency, this influx of capital will be used to fund all construction costs from start to finish.

To be known as "Clarkson Estates", it will contain affordable apartments, offered in studio, one, two, and three-bedroom configurations. Many of these units will also be used as supportive housing.

Plans also call for 30,556 square feet of community facility space, which will consist of an economic development and workforce training center, a CURE violence prevention and mediation center, a food pantry and café, a civic-minded engagement office, and a healthy living and screening center.

Additionally, the building will feature a childcare facility, a community basketball gym, landscaped outdoor spaces, and an enclosed parking garage, with enough room for vehicles.

Designed by , the structure will stand feet tall and total square feet altogether.

The project site spans square feet and the building will have frontages on both Clarkson Avenue and Parkside Avenue. A one-story parking garage building will be demolished in order to make way for the new development.

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