NYCHA Cuts Ribbon on $636M Rehab of East Brooklyn Apartments
The New York City Housing Authority (NYCHA) and Reid Park Rock PACT Partners, which includes Fairstead, BRP Companies, Urbane and the Local Development Corporation of East New York, today were joined by residents and elected officials at a ribbon-cutting ceremony marking the completion of the $636-million rehabilitation of Reid & Park Rock homes in East Brooklyn.
Renovations at Reid & Park Rock, formerly the Reid Apartments and Park Rock Consolidated developments, were completed through NYCHA’s Permanent Affordability Commitment Together (PACT) program. The rehabilitation modernized 1,696 affordable homes across 87 buildings, delivering interior and exterior apartment upgrades, building system improvements, enhanced security measures and expanded resident services for nearly 3,000 residents.
“The $636-million rehabilitation of Reid & Park Rock is an impressive achievement in the scale and breadth of improvements delivered through NYCHA’s PACT program,” said NYCHA EVP and chief real estate officer Heather Beck. “This project has again demonstrated how comprehensive investments through the PACT program can strengthen not just the buildings but the long-term well-being of the people who call them home.”
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout