Earlier than the town rezoned a 21-block space surrounding Atlantic Avenue in Brooklyn, the choices for reworking a parking zone on Pacific Avenue have been restricted to low-rise industrial or business use.
The location, at 1119 Pacific Avenue, can now host some 300 housing items.
The Metropolitan Transportation Authority, which owns the property, will launch a request for proposals on Tuesday, looking for a purchaser for the positioning, and probably air rights connected to an adjoining property, to boost income for the company’s capital program.
The company has used the 30,000-square-foot web site as a parking zone since 2009. With the mix of 34,000 sq. toes of air rights from the adjoining Franklin Avenue Shuttle right-of-way, a virtually 250,000-square-foot growth may rise on the positioning, in line with the RFP shared with The Actual Deal.
The Metropolis Council approved the Atlantic Avenue Blended-Use Plan, or AAMUP, in Could, permitting housing to be in-built an space the place zoning largely solely permitted low-density business and industrial use. The estimated 300 housing items proposed for the Pacific Avenue web site can be among the many first of the 4,600 houses that could be built due to the rezoning. Beneath the town’s Obligatory Inclusionary Housing program, not less than 25 p.c of the items on the Pacific Avenue venture should be reasonably priced to these incomes, on common 60 p.c of the world median earnings.
Metropolis of Sure for Housing Alternative, authorised in December 2024, additionally made it simpler to merge the right-of-way zoning lot with the parking zone web site. The textual content modification loosened guidelines round air rights transfers, permitting such rights to be transferred from sure railroad right-of-ways with out requiring a special permit. On this case, the developer would solely want a certification from the chair of the Metropolis Planning Fee.
“Metropolis of Sure and AAMUP are actually what made this web site prepared for growth,” Miriam Harris, senior vp of transit-oriented growth on the MTA, mentioned in an interview.
The MTA is accepting proposals for buying the Pacific Avenue web site by itself, in addition to those who would come with the switch of the air rights. The company will give choice to proposals that embrace transit enhancements beneath the town’s Zoning for Transit Accessibility program, which would offer a zoning bonus for the venture. Bids are due Could 21.
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