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Press Release

NYCEDC Selects Developer to Bring 100 Percent Affordable Housing, Rejuvenated Flatbush Caton Market Facility to Flatbush, Brooklyn

Oct 27 2015

Development Consists of New and Expanded Market for Small Businesses and Local Vendors, Approximately 166 Mixed Income Residential Units, Community Space and Additional Retail

BROOKLYN, NY—New York City Economic Development Corporation (NYCEDC), Brooklyn Borough President Eric L. Adams, New York City Council Member Mathieu Eugene, and other elected officials today announced the selection of BRP Development Corporation (BRP) to transform the current Flatbush Caton Market, a local commercial and cultural institution, into a mixed-use project that will provide the neighborhood with an expanded and renovated market, new space for the Caribbean American Chamber of Commerce and Industry (CACCI), and additional classroom space and a commercial kitchen that will support the long-term growth and vitality of dozens of local vendors and entrepreneurs. The project will be partially supported by capital funding from the Brooklyn Borough President’s office, from Council Member Mathieu Eugene, and from the New York City Council Speaker’s office.

The development, designed by architecture firm Freeform + Deform, will also create approximately 166 mixed-income residential units – 100 percent of which will be affordable – helping to meet Mayor de Blasio’s goal of building or preserving 200,000 affordable housing units over 10 years. Additionally, the project will help promote the goals laid out in the Mayor’s OneNYC plan, a comprehensive blueprint for a strong, sustainable, resilient, and equitable city for all New Yorkers.

"This development is going to be a true neighborhood hub,” said Mayor Bill de Blasio. “We cannot wait to see the market thrive in its new home and create new opportunity for immigrant and local entrepreneurs. The affordable housing will help Flatbush continue to be a diverse neighborhood where people from every walk of life can live. We challenged our agencies to find new ways to infuse affordable housing into their projects, and this development is a testament to that focus. We are so grateful for the support of all the elected officials and community partners working to move this new facility forward."

“Since 2001, Flatbush Caton Market has served as an important home for local vendors and entrepreneurs, and together with BRP Companies and our elected and neighborhood partners we are ensuring a bright future for the Market as a commercial, cultural and community cornerstone,” said NYCEDC President Maria Torres-Springer. “By providing a newly renovated market, classroom and incubator space, and affordable housing, we are continuing our work to build an equitable and diverse economy that responds to the unique DNA of every neighborhood. Thanks to Borough President Adams, Council Member Eugene, and everyone else who made this exciting project a reality.”

"From the beginning of my administration at Brooklyn Borough Hall, I have been focused on delivering a high-quality mixed-use project that would re-energize the Flatbush Caton Market and be worthy of the surrounding Flatbush community,” said Brooklyn Borough President Eric L. Adams. “The selection of BRP is a win-win for all, creating a bigger and better market with spaces for business and community development while building approximately 166 mixed-income units of 100% much-needed affordable housing. The Flatbush Caton Market will continue to hum with the heartbeat of our rich Caribbean diaspora as it serves Brooklyn and beyond for years to come. I am proud to be part of this revitalization effort in Flatbush with NYCEDC President Torres-Springer, Council Member Eugene, and all others invested in ensuring the popularity of Brooklyn's brand translates to prosperity for every Brooklynite."

"The Council is proud to invest in the community through this funding to the Flatbush Caton Market Facility," said Council Speaker Melissa Mark-Viverito. "By fostering small business, providing community space, and bringing new affordable housing units to the area, this project will bolster the community and improve the lives of local residents."

“The Flatbush Caton Market is an important neighborhood asset that brings a piece of the Caribbean to Brooklyn,” said Council Member Mathieu Eugene. “The hard-working vendors who run their small businesses in the Caton Market share a piece of their culture with our neighborhood and it is these locally-run businesses that make Brooklyn one of the most diverse and vibrant places in the world. The new plans for the Caton Market, which include a crucial addition of affordable housing, are designed to enhance the market for the vendors and our community. We must all work together to make sure that the needs of the vendors and the community are being met, and I will continue to advocate for the vendors and make sure that they remain a top priority as we move forward in this process.”

"BRP is thrilled to be selected as the developer for Flatbush Caton Market," said BRP Managing Partner and Co-founder Meredith Marshall. "In addition to the revamped market, the project will offer approximately 166 mixed-income apartments. Caton Flats will play a critical role in providing area residents with an affordable place to live, and local entrepreneurs with a place to grow and succeed. BRP is an industry leader in developing mixed-use, mixed-income urban housing that prioritizes both affordability and design, with an additional commitment to the communities in which we operate. We will bring our proven track record, and expertise in, affordable development to Caton Flats. We look forward to working with NYCEDC throughout the development process."

Founded in 2001 with the support of former Council Member Dr. Una Clarke, the Flatbush Caton Market has provided a home to many small businesses and micro-entrepreneurs, becoming a vital cornerstone of the local Caribbean community. The selection of BRP, a Minority Owned Business Enterprise (MBE), follows extensive discussions with local elected officials and community stakeholders, who identified the community’s desire to bring new affordable housing and jobs to the area while simultaneously protecting the current market vendors and providing expanded support to help them thrive and grow. The redevelopment of the site will reinforce and expand upon the market’s important role in promoting the vitality and economic growth of the Flatbush neighborhood.

Of the approximately 166 residential units that will be created through the project, 20 percent will be available for low-income residents, 30 percent for moderate-income residents, and 50 percent for middle-income residents. The new market will continue to anchor the corner of Flatbush and Caton Avenues, and the new community space will provide needed facilities to promote entrepreneurship through training and capacity-building programs. BRP plans to partner with Urbane Development to provide robust educational programs focusing on management skills and business development strategies for small retailers. Additionally, BRP has committed to provide a temporary space for current market vendors, ensuring that the Market will continue to operate throughout construction of the new facility.

“I congratulate BRP Development Corporation, a Minority Owned Business Enterprise, on its selection as the developer of 166 units of affordable housing at an expanded Flatbush-Caton Market,” said United States Representative Yvette Clarke. “This project will provide some of the affordable housing that central Brooklyn desperately needs, particularly as all of the residential units will remain affordable to working families. In addition, this project will support entrepreneurs in our community by expanding the market and providing a location for the Caribbean American Chamber of Commerce and Industry. I will continue to work with the New York City Economic Development Corporation, the New York City Department of Small Business Services, elected officials, and members of the community to support the success of this project for the vendors who sell products at the market and the families who will soon have an affordable home there.”

“The transformation of the Flatbush Caton Market is the kind of responsible development our city needs,” said State Senator Kevin Parker. "It is a smart, well thought-out expansion that will not only spur economic growth but meets the needs of the community. I am proud to have been a part of ensuring its success.”

“I am thrilled to see the expansion of the Flatbush-Caton Market in my district,” said Assembly Member Rodneyse Bichotte. “Not only will the community benefit from additional economic development services, but the expansion of affordable housing is aligned with our commitment to addressing the district's severe housing crisis. Additionally, as the Chair of the Oversight of Minority and Women Business-Owned Enterprise (MWBEs) Committee, I am ecstatic that the prime contractor selected to do this job is a certified MBE. Lastly, I appreciate the forethought of the Economic Development Corporation to include requirements for a diverse workforce in its RFPs, which will greatly benefit minorities and low-income New Yorkers.”

"The redevelopment of the Flatbush Caton Market is a critical step in strengthening Brooklyn's Caribbean American small business community," said CACCI President and Founder Dr. Roy A. Hastick, Sr. "The creation of CACCI's Caribbean American Trade Center within the new development will provide a permanent home for CACCI's programs, which promote small businesses and trade and investment opportunities for New York City's Caribbean American and other communities. I am pleased with the development team's focus on enhancing the market and look forward to working with NYCEDC, BRP and Urbane to offer new training and business development programs."

"The transformation of the Flatbush-Caton Market will bring jobs and much-needed affordable housing to this vital and historic Brooklyn neighborhood," said New York City Housing and Preservation Development Commissioner Vicki Been. "This is exactly the type of mixed-use, mixed-income development envisioned in Mayor de Blasio's Housing New York, a plan that brings new investments, revitalization and affordable homes into our communities - while also boosting important minority owned business developers, like BRP Companies. I want to thank Brooklyn Borough President Eric L. Adams, Council Members Mathieu Eugene and Dr. Una Clarke, Council Speaker Melissa Mark-Viverito, and all our partners for their commitment to this project."

“Housing Development Corporation is pleased that the creation of 100 percent affordable housing is central to the vision of an expanded, rejuvenated Flatbush Caton Market,” said Housing Development Corporation President Gary Rodney. “Through HDC and HPD’s new mixed middle income program, this project will create 166 new homes affordable to families at a range of incomes, fostering the economic diversity that is so essential to thriving neighborhoods. We are grateful to our elected officials for their leadership and look forward to working with them, BRP, and all our partners to bring new opportunities for economic development and affordable housing to the community.”

“The Flatbush Caton Market has served as a vibrant home to small businesses and micro-entrepreneurs since it first opened in 2001," said Andrew Schwartz, Acting Commissioner of the NYC Department of Small Business Services. "Congratulations to EDC on moving forward with a plan that will expand and strengthen this important community hub, introducing more resources to help local entrepreneurs thrive."

"Community Board 14 endorsed the creation of the vendor market on this site,” said Community Board 14 Chairman Alvin M. Berk. “Today, the board looks forward to our role in preserving the vendor market and expanding the use of the property to include affordable housing.”

“We are grateful to New York City Economic Development Corporation, Brooklyn Borough President Eric L. Adams, Council Member Mathieu Eugene, and the New York City Council Speaker’s office for investing in Flatbush,” said Executive Director of the Flatbush Avenue and Church Avenue Business Improvement Districts Lauren Elvers Collins. “Flatbush has long been a shopping destination for people throughout the world and the addition of approximately 166 affordable residential units will bring additional life to this growing neighborhood. We will welcome our new residents to try the neighborhood’s new restaurants and retail businesses as well as our established businesses.”

As part of the Mayor’s Housing New York plan, NYCEDC has identified development opportunities that promote mixed-use, mixed-income development throughout the five boroughs. Recently, NYCEDC released a Housing New York RFP for the development of the former Slaughterhouse site on the far West Side of Manhattan into a mixed-use development, with a goal of creating 100 percent affordable housing. This followed a Request for Expressions of Interest for a mixed-income, live/work development on a City-owned site on Spofford Avenue in the Hunts Point neighborhood of the Bronx, and an RFP for a mixed-use, mixed-income development of a City-owned site on 168th Street in Jamaica, Queens. In the coming months, NYCEDC will release additional RFPs that seek bold ideas to address the need for affordable housing and community development throughout the city.

In an effort to expand economic and workforce opportunities to all New Yorkers, responses NYCEDC RFPs must comply with a comprehensive workforce and procurement program that supports communities and helps create job opportunities, especially those that enable low-income New Yorkers to participate in the City’s economic growth. This includes the utilization of NYCEDC’s HireNYC program for disadvantaged workers, as well as contracting goals for M/W/BDE companies.

New York City Economic Development Corporation creates shared prosperity across New York City’s five boroughs by strengthening neighborhoods and creating good jobs. NYCEDC works with and for communities to provide them with the resources they need to thrive, and we invest in projects that increase sustainability, support job growth, develop talent, and spark innovation to strengthen the City’s competitive advantage. To learn more about our work and initiatives, please visit us on Facebook, Twitter, or Instagram.