Bridges Development & Adjmi Brothers Plan 13-Story Mixed-Use Project in Brooklyn's Neglected Corner

A developer has ambitious plans to revitalize a neglected corner lot on Empire Boulevard on the border of Crown Heights and Prospect Heights, envisioning a mixed-use development that includes affordable housing.

Preliminary Plans and Vision

Bridges Development Group, headquartered in Manhattan, has presented initial proposals for a 13-story residential building covering 250,000 square feet. The plan also incorporates three levels of retail space, including a much-needed grocery store. Michael Berfield of Bridges Development Group emphasized the community's desire for affordable housing and accessible grocery options, indicating that the project aligns with these priorities.

Affordable Housing and Retail Mix

The proposed development aims to provide approximately 250 apartments, ranging from studios to three-bedroom units, with over half designated as affordable housing. Additionally, the retail segment spanning 90,000 square feet intends to address the community's demand for more affordable grocery stores.

Financial Backing and Rezoning Process

Bridges Development Group, backed by investors including A & H Acquisitions, seeks financial support from the city for the project. This endeavor necessitates rezoning from commercial to mixed commercial and residential, a process that involves submitting formal applications through the city's Uniform Land Use Review Procedure.

Community Engagement and Council Approval

The project's location falls within the district of Council Member Crystal Hudson. While the Council typically follows the local member's vote, Hudson recently halted another development in Crown Heights, expressing a desire to avoid approving private rezoning applications in areas slated for rezoning by the Adams administration. However, this development lies outside the designated area. Berfield mentioned ongoing discussions with Hudson and local community groups to adjust the design according to their preferences.

Property Acquisition and Financing

The development group, operating as Empire Holdings LLC, acquired the property in 2021 for $15 million and secured a $10 million loan from Signature Bank. Subsequently, a Blackstone venture assumed control of the loan following the bank's failure.

The proposed development on Empire Boulevard represents a significant effort to transform an underutilized space into a vibrant hub featuring affordable housing and retail amenities tailored to the community's needs. Ongoing collaboration with local stakeholders and the city's approval process are critical elements in bringing this vision to fruition.