Real Estate Weekly
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Construction & Design

Flatbush development ahead of schedule

Caton Flats will have a new home for the local Caribbean market.

BRP Companies, Lettire Construction Corporation held a topping out ceremony in Flatbush and celebrated the workers who helped push the project ahead of schedule.

Caton Flats, a mixed-use development that will contain 255 affordable apartments, was slated to top out later this .

The 100 percent affordable development includes a permanent home for the revitalized and expanded Flatbush Caton Market, a 20-year-old indoor marketplace that will allow Caribbean merchants to operate year-round.

Located at the northwest corner of Caton and Flatbush Avenues, the 14-story building will have 220,000 s/f of residential space for the affordable housing units; 16,000 s/f of space for the market and a local economic development incubator; 5,000 s/f of community space to be owned and operated by Caribbean American Chamber of Commerce and Industry (CACCI); and 10,000 s/f dedicated to local retail.

“The strong alignment between the real estate, community and construction entities involved in this project enabled us to meet this milestone well in advance of schedule,” said Meredith Marshall, co-founder and managing partner of BRP Companies.

“This project is a true partnership between many community groups and local leaders, connected in their commitment to serving Flatbush, and we’re excited to be watching this vision come to fruition in real time.”

The residential units will range from studios to three-bedroom apartments and will be affordable to a range of incomes from very low-income to middle-income households.

The market space on the ground floor will include a bar, café and shared commercial kitchen, as well as flex space for the community.

While the site is under construction, the Flatbush Caton Market continues to operate out of a temporary location at 2184 Clarendon Road in Flatbush. Upon construction completion in 2021, the market will reopen at its original location.

NYCEDC selected BRP Companies in 2015 through a competitive process to redevelop the city-owned Flatbush Caton Market.

BRP Companies was the only respondent to offer a temporary location for the market to operate during the construction period.

Relocation costs for the vendors are being covered by the development team and Urbane Development is working with the vendors to provide additional support and mitigate disruption during the transition period.

The project was approved through the city’s rezoning process in December 2016.

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