In recent years, Downtown Brooklyn has attracted major public and private investments, including Barclays Center, the Cultural District, and NYU’s Center for Urban Science and Progress. Yet, the Eastern Gateway which connects these assets contains a number of buildings where the ground and upper floors have long been vacant. Bringing these spaces back online will help facilitate economic growth in this area and build a cohesive Downtown Brooklyn community.
To help incentivize this transformation, the Downtown Brooklyn Partnership received a grant from the New York State Division of Housing and Community Renewal that will leverage private sector investment to renovate vacant spaces within the Eastern Gateway and catalyze economic growth and job creation in the area.
The Eastern Gateway Revitalization Project will award property owners up to $25,000 in dollar-to-dollar matching grants for interior and exterior renovations that bring formerly vacant commercial spaces back to market. The grant will reimburse property owners for work after it has been completed. Additionally, our team will provide support in identifying architects to help meet City building codes and contractors to complete the proposed project and can assist in securing possible tenants for the new commercial spaces.
For updates on the Eastern Gateway project and proposed plans for the Fulton Mall Revitalization Project, click here.
Questions should be directed to Katie Lyon at email@example.com or 718.403.1618.