Construction began this past week on 80 Flatbush, the first all-electric residential building coming to New York City. The project is expected to be completed in 2024 and is part of a larger mixed-used development on the border of Boerum Hill and Downtown Brooklyn.
Dubbed “The Alloy Block” in honor of its developer (real estate company Alloy Development), 80 Flatbush will rise 44 stories tall, or approximately 500-feet high. The mixed-use building will include 441 units, 45 of which will be set aside as affordable housing. Residents will have access to a fitness center, workspace, and a rooftop pool with views of Manhattan.
Additionally, two schools will move into the building once it’s completed. The Khalil Gibran International Academy, a dual English-Arabic language school, will move to 80 Flatbush from its current location at 380 Schermerhorn. A new public elementary school will also move into the building, equipped with a state-of-the-art gym and auditorium (both of which will also be open to the community).
Alloy Development has also boldly claimed that the building will be carbon-neutral, the first of its kind in New York City. Instead of using natural gas to heat water, stoves, and other appliances, 80 Flatbush will operate solely using electricity.
“We are committed to making Brooklyn beautiful, sustainable and equitable and as the city recovers from the pandemic, we hope the Alloy Block will set the standard for progressive, thoughtful development,” said Jared Della Valle, Alloy’s founder and CEO. “When it comes to taking the environmental impact of buildings seriously, building truly affordable housing in wealthy, transit-rich neighborhoods, and creating healthier school environments, we are proud to play a leading role as we begin construction on the Alloy Block.”
Alloy Development recently received an additional $240 million in funding from the New York City Educational Construction Fund to help finance 80 Flatbush. Previously, the developer received vast sums of money from financial juggernaut Goldman Sachs.