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Caton Flats

Managing Agency: NYC Economic Development Corporation
Location:
800 Flatbush Avenue (NW corner of Caton and Flatbush Avenues)
Project Description
: Mixed-use development will include a new home for the Flatbush Caton Market; the Flatbush headquarters for the Caribbean American Chamber of Commerce and Industry (CACCI); a new business incubator; and 255 units of affordable housing.
Organization Name: BRP Development, Citi Community Capital

Project Description:
Caton Flats is a mixed-use development located in the Flatbush section of Brooklyn. The site was awarded to the development team by the New York City Economic Development Corporation in 2015 to be developed as the new home for the Flatbush Caton Market; the Flatbush headquarters for the Caribbean American Chamber of Commerce and Industry (CACCI); a new business incubator; and new affordable housing.

Caton Flats will include 225,000 square feet of highly amenitized affordable residential housing, 11,000 square feet of retail space, 16,000 square feet of market and incubator space, 5,000 square feet of CACCI headquarters space, 19,000 square feet of parking. All of the 255 apartments will be affordable, with rent- and income-restrictions targeting them for families and individuals who are between 40% to 130% of AMI. Construction is expected to be completed in 2021. The entire development will be LEED certified and comply with Enterprise Green Communities guidelines.

Click the links below to read more about the Caton Flats project & the Flatbush Caton Market:

Community Impact:
• There will be community and senior outreach sessions to explain the housing lottery process for the 255 quality affordable rental apartments.
• The development has been committed to hiring local residents for the construction and permanent employment opportunities; outreach sessions for job-seekers and contractors are ongoing.
• Caton Flats will expand and renovate Flatbush Caton Market and provide space for a new business incubator to foster local small businesses.
• Caton Flats is committed to sustainability and resiliency measures in building design, including LEED certification.
• The development will incorporate a plaza that will enhance the streetscape and provide outdoor space for pedestrians to enjoy.

Organization Description:
BRP Development is a New York City-based real estate firm specializing in affordable, mixed-income, and market-rate housing and commercial developments. The firm strives to be an innovator in developing mixed-use, mixed-income, “walkable” urban housing with high-quality, energy-efficient infill properties throughout the city of New York and beyond.

Team Members:
Citi Community Capital, HDC, HPD, NYC Economic Development Corporation (EDC), Caribbean-American Chamber of Commerce and Industry (CACCI), Magnusson Architecture and Planning, Urbane Development.