PROSPECT HEIGHTS — The all-affordable rental tower at the Atlantic Yards/Pacific Park complex is at its peak, developers said, with a housing lottery set to take place at the building within months.
Workers installed the last beam at 535 Carlton Ave. Friday, according to developer Greenland Forest City Partners, topping out the 18-story residential tower that's set to include 298 affordable units.
The Prospect Heights building at the corner of Carlton Avenue and Dean Street is one of seven towers currently under construction or planned at the 22-acre Pacific Park development, née Atlantic Yards. The 298 units at 535 Carlton Ave. are part of 2,250 units of affordable apartments planned at the complex, required by the state to be built before 2025.
A lottery for the units in the COOKFOX-designed tower will likely begin sometime this summer but the city will determine the exact timing, a GFCP spokeswoman said.
Residents of the rental units must make between 35 and 165 percent of New York’s area median income, or between $30,205 and $142,395 for a four-person household, according to current Department of Housing and Development data. For single-person households, the income range is $21,175 and $99,825.
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Work began at 535 Carlton Ave. in December of 2014, around the same time construction started at 550 Vanderbilt Ave., a market-rate condo building, also designed by COOKFOX for GFCP, located one block away at Vanderbilt Avenue and Dean Street.