NEW YORK CITY-The Bloomberg administration on Wednesdayannounced a trio of development plans for the DowntownBrooklyn Cultural District. Topping the list is a 600-unitapartment building that the Gotham Organizationand DT Salazar Inc. intend to build on a sitebounded by Fulton Street, Rockwell Place and Ashland Place. Half ofthe tower’s residential units will be affordable housing, theadministration says in a release.

Additionally, a plan by Two Trees ManagementCo. for a mixed-use project, including as many as 400apartments, has begun its traversal of the Uniform Land Use ReviewProcedure. Further, the city’s Department of Housing Preservationand Development released an RFP for the last development parcel inthe cultural district, which now is home to more than 40 nonprofitvisual, performing and media arts organizations.

When Gotham and DT Salazar complete their 515,000-square-footapartment tower, they’ll include 20,000 square feet of cultural andrelated office space and 20,000 square feet of retail space. HPDand the NYC Housing Development Corp. expect to close on financingwith the development team in late 2013 and to see constructionbegin soon afterward.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.