Brooklyn Plans 72-Story Tower With 1,200 Housing Units

Mayor Eric Adams has unveiled plans to replace a dilapidated seven-story office building at 395 Flatbush Avenue in Downtown Brooklyn with a 72-story mixed-use tower, which would become Brooklyn's second-tallest building. The proposed 840-foot skyscraper will include approximately 1,263 residential units, with 25% to 30% designated as permanently affordable housing for households earning 60% to 80% of the area median income, including provisions for formerly homeless residents. Developers Rabina and Park Tower Group, who hold a long-term ground lease on the site, intend to leverage new city tax incentives and the City of Yes zoning reforms to construct the project without public funding. The building aims to revitalize the current structure, described as one of Brooklyn's biggest eyesores, and improve the surrounding public realm near a major transit hub. The project aligns with Adams's broader agenda to address New York City's housing shortage through high-density developments and signals a significant transformation for the neighborhood. The developers plan an all-electric building and higher wage standards for construction workers as part of the initiative.