NYC Council approves the DeBlasio Administration’s plan to convert Caton Market to a mixed-use facility
By Carlyle Harry
New York City’s Economic Development Corporation(NYCEDC) has announced that the New York City Council has approved the DeBlasio Administration’s plan to transform the Flatbush Caton market–a local commercial and cultural institution, into a rejuvenated, mixed-use Facility.
The proposed-plan will bring an expanded and renovated market, 250 units
of affordable housing, new space for the Caribbean Association of Commerce and Industry(CACCI), additional community space, and a commercial kitchen that will serve as an incubator space that will support the long term growth and vitality of dozens of vendors and entrepreneurs.
This Project will be partially supported by capital funding from the Brooklyn Borough President’s Office, Council-MemberMathieu Eugene, and the New York City Council.
James Patchett, President and CEO of the NYCEDC admitted”The renovation of the Flatbuch Caton market offers a unique opportunity to preserve a cultural institution, foster the growth of local vendors and entrepreneurs, and create affordable housing”
HPD’s Commissioner-Maria TorresSpringer noted”This new development is the product of extensive community engagement, and it brings both affordability and economic opportunity to Flatbush; with over 250 units of 100% affordable housing, hundreds of New York City families will be able to call Brooklyn home, and with an expanded Flatbush Caton market and entrepreneurship training programs, local residents will have the resources and space they need to thrive”.
Brooklyn’s Borough President-Eric L.Adams emphasized”Since the beginning of my administration, I have been focused on the redevelopment of Flatbush Caton market into a high-quality, mixed-use project to re-energize the surrounding Flatbush community and to be worthy of the residents and entrepreneurs in its success.Today, we celebrate an important milestone on the journey to opening the doors of an expanded market, hundreds of affordable housing units and new community space to support our rich Caribbean diaspora.”
Council-Member-Mathieu Eugene declared” The new Flatbush market is an important Project for the local community and the whole of Brooklyn.”