As the city considers upzoning Broadway in Bushwick, Bed Stuy and East New York, some developers are taking the plunge and building beneath the J,M,Z elevated tracks despite height restrictions. Affordable housing developer Alembic Community Development is planning a six-story, mixed-use project at 1676 Broadway in Ocean Hill/Bed Stuy, according to a new building application.
That address is new. In 2012, a very large property on the corner consisting of multiple parcels, which has housed wholesale and retail building supply company Henry Distributors at 1674 Broadway for decades, changed hands for $1,030,254. It is now owned by an entity called Broadway Decatur Housing Development Fund Corp., according to ACRIS.
As far as we can figure out, it looks like the new building is going to go up where Henry Distributors is currently located. The 55-unit building will have 35,300 square feet of residential space and 2,692 square feet of commercial. While the building permits say nothing about affordability, it’s very likely going to be some form of low-income housing. Alembic builds low-income and supportive housing like the D’Addario Residence in Prospect Lefferts Gardens, which opened last year with 46 units for low-income and formerly homeless people.