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New Details Emerge for Mixed-Use Residential Development at 120 5th Avenue in Park Slope, Brooklyn - New York YIMBY

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menu-item-has-children"><a href="#">SouthWest</a><ul class="sub-menu"><li id="menu-item-20366" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20366"><a href="/neighborhoods/concourse">Concourse</a></li><li id="menu-item-20368" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20368"><a href="/neighborhoods/crotona-park-east">Crotona Park East</a></li><li id="menu-item-20397" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20397"><a href="/neighborhoods/highbridge">Highbridge</a></li><li id="menu-item-20415" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20415"><a href="/neighborhoods/morrisania">Morrisania</a></li><li id="menu-item-20416" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20416"><a href="/neighborhoods/mott-haven">Mott Haven</a></li><li id="menu-item-20416" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20416"><a href="/neighborhoods/mount-eden">Mount Eden</a></li><li id="menu-item-20441" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20441"><a href="/neighborhoods/south-bronx">South Bronx</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">NorthEast</a><ul class="sub-menu"><li id="menu-item-20374" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20374"><a href="/neighborhoods/east-bronx">East Bronx</a></li><li id="menu-item-20441" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20441"><a href="/neighborhoods/van-nest">Van Nest</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">SouthEast</a><ul class="sub-menu"><li id="menu-item-20362" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20362"><a href="/neighborhoods/clason-point">Clason Point</a></li><li id="menu-item-20430" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20430"><a href="/neighborhoods/parkchester">Parkchester</a></li><li id="menu-item-20431" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20431"><a href="/neighborhoods/pelham-bay">Pelham Bay</a></li><li id="menu-item-20440" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20440"><a href="/neighborhoods/soundview">Soundview</a></li><li id="menu-item-20441" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20441"><a href="/neighborhoods/south-bronx">South Bronx</a></li></ul></li></ul></li><li id="menu-item-20425" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children menu-item-20425"><a href="#">Manhattan</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Uptown</a><ul class="sub-menu"><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/uptown">Uptown</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/harlem">Harlem</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/uppereastside">Upper East Side</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/upperwestside">Upper West Side</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/washington-heights">Washington Heights</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Midtown</a><ul class="sub-menu"><li id="menu-item-20346" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20346"><a href="/neighborhoods/57thstreet">57th Street</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/midtowneast">Midtown East</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/midtownsouth">Midtown South</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/midtownwest">Midtown West</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/murrayhill">Murray Hill</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/timessquare">Times Square</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Midtown-Downtown</a><ul class="sub-menu"><li id="menu-item-20361" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20361"><a href="/neighborhoods/chelsea">Chelsea</a></li><li id="menu-item-20383" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20383"><a href="/neighborhoods/flatiron">Flatiron</a></li><li id="menu-item-20391" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20391"><a href="/neighborhoods/gramercy">Gramercy</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Downtown</a><ul class="sub-menu"><li id="menu-item-20371" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20371"><a href="/neighborhoods/downtown">Downtown</a></li><li id="menu-item-20377" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20377"><a href="/neighborhoods/east-village">East Village</a></li><li id="menu-item-20381" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20381"><a href="/neighborhoods/fidi-downtown">Financial District</a></li><li id="menu-item-20393" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20393"><a href="/neighborhoods/greenwichvillage">Greenwich Village</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/hudson-square">Hudson Square</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/lowereastside">Lower East Side</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/meatpacking-downtown">Meatpacking</a></li><li id="menu-item-20439" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20439"><a href="/neighborhoods/soho">SoHo</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/tribeca">TriBeCa</a></li><li id="menu-item-20452" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-20452"><a href="/neighborhoods/west-village">West Village</a></li></ul></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children "><a href="#">Queens</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Northwestern</a><ul class="sub-menu"><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/astoria">Astoria</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/north-corona">North Corona</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/elmhurst">Elmhurst</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/forest-hills">Forest Hills</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/glendale">Glendale</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/jackson-heights">Jackson Heights</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/long-island-city">Long Island City</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/rego-park">Rego Park</a></li><li class="menu-item menu-item-type-custom menu-item-object-custom "><a href="/neighborhoods/ridgewood">Ridgewood</a></li></ul></li><li class="menu-item menu-item-type-custom menu-item-object-custom menu-item-has-children"><a href="#">Northeastern</a><ul class="sub-menu"><li class="menu-item 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says &quot;Yes In My Backyard&quot; to positive new development in the NYC metropolitan region." data-single-post-scroll="false" data-single-post-scrolltop="1000" data-single-post-controls="1" data-single-post-progress-bar="" data-container-type="div" data-loading-style="infinite skype" data-repeater="template_2" data-post-type="post" data-order="DESC" data-orderby="date" data-offset="0" data-posts-per-page="1" data-scroll-distance="1" data-pause-override="true" data-button-label="Load More" data-prev-button-label="Load Previous"><div class="alm-single-post post-1895800" data-url="https://newyorkyimby.com/2021/06/new-details-emerge-for-mixed-use-residential-development-at-120-5th-avenue-in-park-slope-brooklyn.html" data-title="New Details Emerge for Mixed-Use Residential Development at 120 5th Avenue in Park Slope, Brooklyn" data-id="1895800" data-page="0"><article class="h-entry" id="post-1895800" class="post-1895800 post type-post status-publish format-standard has-post-thumbnail hentry types-affordable-housing types-commercial types-mixeduse types-residential neighborhoods-park-slope"><header class="entry-header clearfix"><h1 class="post-title entry-title p-name">New Details Emerge for Mixed-Use Residential Development at 120 5th Avenue in Park Slope, Brooklyn</h1></header><div class="entry-thumbnail"> <img width="777" height="347" src="https://newyorkyimby.com/wp-content/uploads/2021/06/120-5th-Avenue-in-Park-Slope-Brooklyn-777x347.jpg" class="u-photo wp-post-image" alt="120 5th Avenue in Park Slope, Brooklyn via Google Maps" decoding="async" fetchpriority="high" srcset="https://newyorkyimby.com/wp-content/uploads/2021/06/120-5th-Avenue-in-Park-Slope-Brooklyn-777x347.jpg 777w, https://newyorkyimby.com/wp-content/uploads/2021/06/120-5th-Avenue-in-Park-Slope-Brooklyn-768x343.jpg 768w, https://newyorkyimby.com/wp-content/uploads/2021/06/120-5th-Avenue-in-Park-Slope-Brooklyn-1024x457.jpg 1024w, https://newyorkyimby.com/wp-content/uploads/2021/06/120-5th-Avenue-in-Park-Slope-Brooklyn-260x116.jpg 260w, https://newyorkyimby.com/wp-content/uploads/2021/06/120-5th-Avenue-in-Park-Slope-Brooklyn.jpg 1500w" sizes="(max-width: 777px) 100vw, 777px" /><span class="wp-caption-text">120 5th Avenue in Park Slope, Brooklyn via Google Maps</span></div><p class="entry-meta"> <span class="entry-meta-author vcard author">By: <a rel="author" class="fn p-author h-card"" href="https://newyorkyimby.com/author/vanessalondono">Vanessa Londono</a></span> 6:30 am<span class="entry-meta-date updated dt-published"></span> <span class="entry-meta-date updated dt-published"> on June 20, 2021</span></p><div class="entry-content e-content clearfix"><p>Joint developers <a href="https://newyorkyimby.com/category/william-macklowe-company">William Macklowe Company</a> and Senlac Ridge Partners recently released new details for the planned mixed-use development at 120 5th Avenue in <a href="https://newyorkyimby.com/category/park-slope">Park Slope</a>, Brooklyn. Currently the site holds a Key Food supermarket that is set to close its doors by August 12.</p><p>The proposed development will comprise of approximately 184 residential units, 67,000 square feet of retail/commercial use, which includes a community supermarket of at least 22,000 square feet, and a 130-vehicle parking garage. Of the residential component, 46 units will be designated as affordable housing. Ten percent of the units will be set aside for families with income no greater than 40 percent of the Area Median Income (AMI). The remainder will be a mix of 60, 80, and 100 percent of the AMI.</p><p>A Community Cooperation Agreement regarding the new development was executed by the Community Stakeholder Group, which consisted of the site owners and the leaders of ten community organizations, including Boerum Hill Association, Families United for Racial and Economic Equality, Gowanus Houses Tenants Association, the Park Slope Business Improvement District, the Park Slope Civic Council, Park Slope Neighbors, Park Slope North HDFC, Warren Street Houses Tenants Association, the Wyckoff Gardens Residents Association, and the <a href="https://newyorkyimby.com/category/fifth-avenue-committee">Fifth Avenue Committee</a>, which also organized the group with City Councilmember Brad Lander. In addition to the affordable housing, other provisions of the agreement require the development team to support traffic safety improvements and minimize construction impacts to surrounding buildings.</p><p>“From the moment we purchased this site, we committed to working in close collaboration with key local civic organizations, community leaders, and Councilmember Brad Lander to shape a vibrant new development that is harmonious with the surrounding neighborhood,” said Billy Macklowe, CEO of the William Macklowe Company. “We look forward to creating a project that will bring many amenities to the area, including new restaurants, a variety of retail shops and services, along with a full-scale supermarket, and housing for individuals and families across a range of incomes.”</p><p>Demolition and construction is expected to begin before the end of 2021. A grocery store in the new development is expected to open by 2024.</p><p> <a href="http://eepurl.com/c7JhDj"><strong>Subscribe</strong></a> to YIMBY’s daily e-mail<br /> <br /> <a href="https://instagram.com/yimbygram" target="_blank" rel="noopener noreferrer"><strong>Follow</strong></a> YIMBYgram for real-time photo updates<br /> <a href="https://www.facebook.com/YIMBYFB"><strong>Like</strong></a> YIMBY on Facebook<br /> <a href="https://twitter.com/yimbytweets" target="_blank" rel="noopener noreferrer"><strong>Follow</strong></a> YIMBY’s Twitter for the latest in YIMBYnews</p><nav class="breadcrumb"><span>Uncategorized</span></nav></div></article><div class="mh-share-buttons mh-group"><div class="mh-col mh-1-4 mh-facebook"> <a href="#" onclick="window.open('//www.facebook.com/sharer.php?u=https://newyorkyimby.com/2021/06/new-details-emerge-for-mixed-use-residential-development-at-120-5th-avenue-in-park-slope-brooklyn.html&t=New Details Emerge for Mixed-Use Residential Development at 120 5th Avenue in Park Slope, Brooklyn', 'facebookShare', 'width=626,height=436'); 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Eliminate Parking minimums.</p></div></div></li><!-- #comment-## --></ol></div><div id="respond" class="comment-respond"><h3 id="reply-title" class="comment-reply-title">Leave a comment <small><a rel="nofollow" id="cancel-comment-reply-link" href="/2021/06/new-details-emerge-for-mixed-use-residential-development-at-120-5th-avenue-in-park-slope-brooklyn.html#respond" style="display:none;">Cancel reply</a></small></h3><form action="https://newyorkyimby.com/wp-comments-post.php" method="post" id="commentform" class="comment-form"><p class="comment-notes">Your email address will not be published.</p><p class="comment-form-comment"><label for="comment">Comment</label><br/><textarea id="comment" name="comment" cols="45" rows="5" aria-required="true"></textarea></p><p class="comment-form-author"><label for="author">Name </label><span class="required">*</span><br/><input id="author" name="author" type="text" value="" size="30" aria-required='true' /></p><p class="comment-form-email"><label 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