New 99-Unit Mixed-Use Housing Project Planned for Brooklyn

• Haussmann Development and The Carlyle Group are advancing plans for a new 99-unit mixed-use residential development in Brooklyn.
• The proposed project is planned for 566 Grand Avenue, Brooklyn, NY, adding new housing as part of the area's continued growth.
• The development is expected to include affordable housing through New York City's Mandatory Inclusionary Housing (MIH) program while offering modern resident amenities.

What the Planned Development Will Bring

A new mixed-use residential project is moving forward in Brooklyn as Haussmann Development, in partnership with The Carlyle Group, advances plans for a 99-unit apartment building at 566 Grand Avenue. The development, known as Medici Court, is planned to add new housing while supporting the continued transformation of the surrounding neighborhood. The project is expected to include affordable housing under New York City's Mandatory Inclusionary Housing (MIH) requirements, helping address the city's growing demand for below-market-rate apartments. Located near the border of Prospect Heights and Crown Heights, the site places future residents within easy reach of public transportation, neighborhood retail, and several of Brooklyn's most active residential corridors.

What Residents Can Expect

While the project is still in the planning stages, Medici Court is designed to provide a modern residential experience with a range of lifestyle amenities. Plans call for amenities including a fitness center, yoga studio, coworking lounge, children's playroom, theater and game room, landscaped outdoor spaces, bicycle storage, and on-site parking. These features reflect the growing demand for apartment communities that support remote work, wellness, and family-friendly living. The development will also include ground-floor commercial space, adding neighborhood-serving retail while creating a more active streetscape along Grand Avenue.

What the Project Means for Brooklyn

Brooklyn continues to attract residential investment as developers seek opportunities to deliver both market-rate and affordable housing in transit-accessible neighborhoods. Projects like Medici Court help expand the local housing supply while supporting the city's long-term affordability goals. The partnership between Haussmann Development and The Carlyle Group also reflects continued institutional investment in New York City's multifamily sector despite evolving market conditions. As planning moves forward, the project is expected to become another notable addition to Brooklyn's growing pipeline of mixed-use residential developments.