MacQuesten Development launches plans for new mixed-used, transit-oriented development in Brooklyn

Brooklyn, NY MacQuesten Development has launched plans for 1510 Broadway, a new 97,000 s/f transit-oriented residential complex in the Ocean Hill-Brownsville section featuring 65 affordable rental apartments and 11,000 s/f of ground-level retail space. The project cost is estimated between $25 - $30 million.

Located at 1510-1524 Broadway on the corner of Hancock St., the six-story development is next to the Halsey St. subway station. The residential component will be comprised of 26 one-bedroom units, 22 two-bedroom, 11 three-bedroom and six studios.

Amenities will include a 7,000 s/f outdoor courtyard located on the second floor; 1,000 s/f residential lounge and kids playroom on the first floor; 700 s/f resident lounge on the second floor; 45 bike parking spaces on the first floor and in the cellar and a laundry room on the first floor. There will be 39 parking spaces for the residential units and retail. 

“We are very excited about our newest project in Brooklyn. This innovative transit-oriented development will provide area residents with well-designed affordable apartments and attractive retail stores while adding new vitality to the neighborhood. We are committed to building sustainable multi-family housing for the communities where they are needed most,” said Rella Fogliano, Founder and CEO, MacQuesten Development.

This is the second transit-oriented residential project currently in development by MacQuesten in Brooklyn. In the East New York section of Brooklyn, MacQuesten is constructing Van Sinderen Plaza, a $56 million, 193,000 s/f complex that will include 130 affordable rental apartments and more than 25,000 square feet of retail and community space. Located at 679 Van Sinderen Ave. and 180 New Lots Ave., the complex will comprise two seven-story buildings featuring one, two and three-bedroom rental apartments.