Affordable Housing, Revitalized Flatbush Central Caribbean Marketplace Opens in Caton Flats • Brooklyn Paper
Caton Flats, a new mixed-use development with 255 affordable housing units, a revitalized and expanded Flatbush Central Caribbean Marketplace and 20,000 square feet of community space, officially opened to the public over the weekend.
“We are thrilled to share the new and improved Flatbush Central with the public and continue the market’s legacy as a vital hub for Caribbean commerce as well as a unique and inviting community gathering space,” said James Johnson-Piett, CEO and Director of Urbane, the developer of the project, in a statement.
The $136 million project launched in 2015 when the New York City Economic Development Corporation selected minority-owned businesses BRP Companies and Urbane Development to design and build the mixed-use building focused on serving local businesses, the improving the quality of life of the community and supporting the neighborhood. growth.
Units in the complex will be capped at affordable to low and moderate incomes, at 40 to 130 percent of the region’s median income.
“We have a lot of work to do to meet our city’s housing needs, but Caton Flats – as a mixed-use, mixed-income project – is exactly the type of project that will get us there, while supporting neighborhoods prosperous,” said Jessica Katz, New York City housing officer. “I am honored to stand alongside the Flatbush community to celebrate this new project and especially with the 255 families we are welcoming into their new homes.”
In addition to providing equitable housing, the space will also house an economic mobility platform and an incubator program called the Mangrove Business Accelerator which will focus on providing Black, Indigenous and others of state-of-the-art color facilities for all kinds of industries such as cooking, production of natural body care and cosmetics, new media and textiles.
“The now reopened Central Caribbean Flatbush Market on the ground floor has been essential to the social fabric of this community for decades,” said Adolfo Carrión Jr., Commissioner of Housing, Preservation and Development for the city. . “The inclusion of the market in this project enhances a long anchor of this community and provides opportunities for culturally meaningful commerce and affordable housing for years to come.”
The new and improved Flatbush Central Caribbean Marketplace will occupy the first floor of the development displaying its expanded vendor space, a shared commercial test kitchen, and a bar and lounge.
The development’s grand opening included a lineup of live shows and family-friendly activities, like cooking and dancing, on May 13 and 14.
Mayor Eric Adams kicked off Friday’s grand opening celebration by sharing his support for Caton Flats since its inception and calling it a model of community building in New York City.
“We are building a more equitable economy that will help uplift all New Yorkers, in every neighborhood and every borough,” Adams said. “This project is a model of city-wide community development, which is why I was proud to fight for it as Borough President and even prouder to see it completed today as as mayor.
The completion of Caton Flats is the end result of a multi-year visioning process by NYCEDC, the New York City Department of Housing Preservation and Development, and the New York City Housing Development Corporation with support from Member of the counsel Dr. Una Clarke, Caribbean American Chamber of Commerce and Industry Founder Dr. Roy Hastick, local elected officials and community members.
“Investing in opportunities for small businesses and entrepreneurs is the raison d’être of SBS’s partnership with the American Caribbean Chamber of Commerce and Industry,” said Kevin Kim, Commissioner of the Department of Small Business Services at new York City. “The expanded and improved Flatbush Central Caribbean Marketplace is a bridge to economic opportunity for BIPOC entrepreneurs, a cultural hub, and a pillar of our five-borough economic recovery plan.”