News
$3 Billion Building Boom on Brooklyn's Flatbush Ave.
WNYC Newsroom
NEW YORK, NY June 25, 2007 —A 1 mile stretch of Flatbush Avenue in Brooklyn is set to get more than $3 billion in real estate projects spread over 18 different construction sites.
From the Manhattan Bridge to the just south of 3rd Avenue - Flatbush Avenue is expected to get 4400 new residential units, 645,000 square feet of new shopping and 190,000 square feet of office space. The biggest project is a $750 million plan to renovate the Albee Square Mall into 900 apartments and 600,000 square feet of stores and offices.
The list of construction does not include the $4 billion Atlantic Yards development - that includes a new basketball arena for the New Jersey Nets.
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