New Affordable Housing Set for Euclid Avenue
Non-profit affordable housing developer Phipps Houses has filed applications for a 14-story, 403-unit mixed-use tower at 250 Euclid Avenue, a.k.a. 3301 Atlantic Avenue, in the Cypress Hills section of East New York. The project will encompass 415,476 square feet and rise 143 feet to its roof. There will be 20,977 square feet of ground-floor retail, followed by residential units across floors two through 14, The Real Deal first reported. The apartments should average 936 square feet apiece and will all be designated as affordable.
Dattner Architects is the architect of record. The 196,286-square-foot development site, which encompasses the block bound by Euclid and Atlantic avenues and Chestnut and Fulton streets, is currently occupied by a burnt-out factory. Demolition permits were filed in 2013 and 2015.