Real Estate Weekly
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Construction & Design

Partners begin work on new East New York complex

50 Penn will offer 218 rental apartments.

Ground has been broken for 50 Penn, a new mixed used residential development in East New York.

Pennrose, RiseBoro Community Partnership, and Dattner Architects joined community leaders for the official start of work on the property located within the recently rezoned Cypress Hills area.

The project will provide 100 percent affordable housing, meeting the requirements of the City’s Mandatory Inclusionary Housing program.

Following the NYC Zoning Resolution’s FRESH program, the development will maximize the residential floor area to offer 218 rental apartments — 42 of which will be set-aside for formerly homeless and frail elderly households — and a healthy grocery store at the ground floor.

The site for the nine-story multifamily building sits adjacent to the elevated J/Z Subway (to the north of the site) and the below-grade A/C Subway.

A former industrial site, it was remediated through the Brownfield Cleanup
Program.The sustainable project includes green roofs, rooftop photovoltaic panels, a highly insulated exterior wall system for energy efficiency, and landscaped outdoor space for the residents’ health and well-being.

The project team includes Pennrose, LLC, RiseBoro Community Partnership, Dattner Architects, Skyline Engineering, De Nardis Engineering, Langan Engineering, Bright Power and Mega Contracting Group.

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