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Brooklyn, NY (2010)

Bedford Stuyvesant Restoration Plaza

A community epicenter, revitalized to improve services and grow businesses.

Investment

  • NMTC Amount: $14,700,000
  • Total Project Cost: $37,177,067

IMPACT

  • 154 FTE jobs
  • 133 construction jobs
  • Project includes a Federally Qualified Health Center.
  • 43,000 sq. ft. of real estate

Investor

Project Description

Restoration Plaza, a commercial, cultural and educational anchor in the heart of the historic Bedford Stuyvesant neighborhood, is home to the Billie Holiday Theatre, Youth Arts Academy, an extension campus of the college of New Rochelle and provides other essential services including a supermarket, post office, pharmacy, restaurant and several banks. The project provided critical structural upgrades to Restoration Plaza and unlocked 43,000 sq. ft. of previously unusable space that is now available to retail tenants, community groups, workforce development programs, small business financing providers, arts and education organizations, and numerous minority- and women-owned businesses. Restoration Plaza serves as a major destination for visitors and renovations to the outdoor West Plaza created a more open, pedestrian-friendly design to accommodate events for upwards of 600 people.

MAP

Address: 1386 Fulton Street, Brooklyn, NY 11216

Census Tract: 36047024700

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