Gateway Estates is a 227-acre new neighborhood near Spring Creek in East New York, Brooklyn. HPD is working to implement plans for a new mixed-use community on the site. The proposed development includes a 625,000 square-foot regional retail center, affordable housing for nearly 7,000 people, more than 100 units of housing for seniors and a public school.
The Related Companies and Blackacre Capital Partners completed the development of the retail center, Gateway Center, in Fall 2002. Gateway Center is one of the largest City-sponsored economic development programs in Brooklyn.
In August of 2006 Mayor Michael R. Bloomberg broke ground for the next phase of development at Gateway Estates. The development will require installation of streets, sidewalks, and storm and sanitary sewers, which will be constructed by the Department of Design and Construction concurrently with the housing and financed with funding from the sale of a parcel of land to The Related Companies. Financing for the first phase of housing (117 homes/184 units) construction will be provided by a loan through Community Preservation Corporation, (CPC) as well as loans from the Lutheran Church-Missouri Synod and the St. Paul Community Baptist Church of Brooklyn. Also for the first phase of housing, the City will provide direct housing subsidies of $46,000 for each of the single-family home, as well as $30 million in infrastructure costs.
Gateway Estates II : The Gateway Center Properties Phase II, LLC, the applicant, proposes a series of actions in the Fresh Creek Urban Renewal Area located in the Spring Creek section of Brooklyn to facilitate the expansion of existing shopping center by approximately 680,000 square feet while maintaining the original number of affordable housing units up to 2,385, including senior housing. As with the original urban renewal site plan, the modified plan would also include 45.2 acres of open space including a periphery park and 3 interior parks, a high school, and community facility space. The expanded retail center would be developed by the Gateway Center Properties. Affordable housing will be developed as single-, two-, and three-family homes along with 4-and 6-story apartment buildings by Nehemiah Housing Development Fund Company and The Briarwood Organization.
Read related press releases:
NEW RETAIL CENTER UNDER CONSTRUCTION IN BROOKLYN
MAYOR BLOOMBERG BREAKS GROUND ON FIRST PHASE OF AFFORDABLE HOUSING AND THE SECOND PHASE OF RETAIL DEVELOPMENT IN EAST NEW YORK