CLINTON HILL — Developers recently bought a gas station on Fulton Street and plan to build a seven-story building that includes affordable housing.
The Daten Group purchased the Coastal Gas station lot for $7.4 million and plan to demolish the structure to build a 40,000-square-foot building with 38 residential units — roughly seven will be affordable, the Commercial Observer first reported.
The building, at 840 Fulton St., will also have 5,000 square feet of retail space on the first floor.
Craig Rosenman, director of acquisitions for the Daten Group, said the company chose the area in part because of its proximity to Barclays Center and the Atlantic Avenue transit hub.
"We love this area," he said. "The neighborhood's retail and access to subways is great and we think once the entire Barclays project is complete this area will just continue to improve."
The Daten Group also recently built a 13-condominium building atop a 100-year-old former police precinct at 72 Poplar St. in Brooklyn Heights, according to the website.
Rosenman said it is too early in the project to determine how much the affordable units will rent for and what eligible income levels will be.
The Daten Group tapped KBA Architects to design the building. Ground will break on the project next year with an expected completion date of March 2017.
