The first step of the Uniform Land Use Review Procedure, an environmental review, kicked off on Monday, with public review expected to start in early 2026. The project would include 1,500 new apartments with 305 affordable units, 95 of which would be set aside for seniors; along with a new 27,000-square-foot community center, a 15,000-square-foot cultural center, and a new school to replace P.S. 287.
The high-rises, located at 240 Nassau St. and at the corner of Navy and Concord streets, would stand at about 700’ and 850’ tall, respectively.
“240 Nassau is a transformative, community-driven development that with local stakeholder support, can deliver much-needed affordable and senior housing, a new public school and open space, along with community and cultural facilities,” said Alloy CEO Jared Della Valle, in a statement. “We’re proud to bring a meaningful investment to a community that’s long been underserved and to continue to strengthen Downtown Brooklyn for decades to come.”
