Brooklyn, NY (2019)

Bedford-Union Courts Armory

Investment

NMTC Amount: 15,690,000

Total Project Cost: 37,523,827

IMPACT

302 FTE jobs

300 construction jobs

The project will lease space to non-profit tenants at below market rates. In addition, a Co-Generation facility will produce electricity on-site reducing the facility’s reliance on the grid and will re-use waste heat that it generates to warm interior spaces and provide warm water.

The redevelopment of the historic Bedford-Union Armory located in the Crown Heights community in Brooklyn.

Project Description

The Bedford Union Armory involves the redevelopment of the historic Bedford-Union Armory located in the Crown Heights community in Brooklyn. The Project provided 25,000 square feet in community space including a federally qualified healthcare center, affordable office space for nonprofit organizations, and flexible new space to host community events. The new recreation space offer affordable athletic and fitness resources for local families including basketball courts, a multi-sport court and swimming pool. The Project is part of a 550,000 sq. ft. real estate development featuring 415 units of quality mixed-income housing, 60% were set aside as affordable. A portion of the housing units were set aside for formerly homeless residents of New York.

MAP

1561 Bedford Ave + 1555 Bedford Avenue, Brooklyn, NY 11225

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