Real Estate Development

Since BSDC opened its doors in 1995, our real estate group has created more than 500 safe, attractive, and affordable homeownership and rental units in Central Brooklyn. Our portfolio began with the acquisition and rehabilitation of one to four family homes. Working through a number of city programs, we were able to sell those homes below market rate to low and moderate income families.
We have developed several innovative residential projects, such as:

• The Quincy Senior Residence, the first new construction project designed to enhance seniors’ health and wellness and extend their lives, by providing 94 rental apartments for independent living, a wide range of on-site services, and daily opportunities for social interaction and community involvement.
• The condominiums at Lewis Avenue, where we developed eight two-bedroom, two- bath units with high-end finishes and sold them in 2005 for $260,000 each. 

Current Projects

Today, BSDC has more than 200 units in our development pipeline, including an 88 unit building at 789 Myrtle Avenue; and a 23 unit building at 788 Lafayette Avenue.

In our rental buildings, we are also creating commercial space and working to attract anchor tenants. For example at 789 Myrtle Avenue will have 16,000 square feet of ground floor commercial space.

Other properties being rehabilitated include: 570 Willoughby Avenue, and 917 Gates Avenue

Past Projects

300 Putnam Avenue
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Green Building and Rehabilitation

BSDC is also expanding it goals to include implementing green elements in new projects. We are currently rehabilitating 300 Putnam Avenue, a 53 unit apartment building.  When we took over the Section 8 building in 2007, it had no running water, no gas and no operable elevator. Our plans include not only rehabilitation but the installation of a green roof and solar panels.

On two of our other projects, we are seeking the highest level LEED certification, from the U.S. Green Building Council (USGBC). A platinum rating is the highest level of certification a building for a building that has been built or rehabilitated with environmentally responsible materials—such as low-emitting paints, non-metal finishes, and bamboo floors—and fitted with energy-conserving systems.

"BSDC's goal is to develop and preserve affordable housing that is as green and sustainable as we can make it," says CEO Rhonda Lewis. "We plan to use the most latest green technology available to meet that goal."
 
To view available units, click For Sale or Rent.