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