Hello
Neighbor!

240 Nassau is a transformative, community-driven development that will deliver much-needed affordable and senior housing, a new public school and open space, along with community and cultural facilities.

240 Nassau is a proposed development located at the intersection of Nassau & Navy Street that will transform an underutilized block into a collection of five buildings, including mixed-income rental apartments, affordable senior housing, along with a new public school, community center, cultural center, publicly accessible open space, and retail.

Program

From Nassau and Navy Street Corner

From Golconda Playground and Concord Street

The proposed plan for 240 Nassau will reconnect the site to the neighborhood by reintroducing the historic street grid, activating the existing streetscape, and enhancing access to nearby parks.

Site Planning

The project will deliver:

  • 1,500 rental apartments across three buildings, including 305 affordable homes, with 95 of those 305 set aside for seniors.

  • A new state-of-the-art 27,000-square-foot community center, to be run by a to-be-determined operator based on local resident feedback and will include tailored programming for neighborhood children, seniors and families.

  • A 15,000-square-foot cultural space, which is currently envisioned as a permanent home for the Cultural Museum of African Art, the Eric Edwards Collection (CMAAEEC), which currently operates in Bed-Stuy Restoration Plaza.

  • 28,000 square feet of retail serving the local community.

  • 21,000 square feet of new publicly accessible open space.

Details

  • Alloy has provided free space to six local community groups that are conducting free programming at 240 Nassau for local youth. And since acquiring the site, Alloy has led a comprehensive community engagement process, gathering feedback from more than 1,000 local stakeholders.

  • Alloy has held more than 50 meetings with community organizations, nearby NYCHA Tenant Associations, elected officials, and other neighbors to discuss the future of 240 Nassau. Alloy has also established a community liaison role, formed a community advisory group, hosted open houses, and conducted workshops to ensure the vision for the site reflects community needs.

  • In November 2023, Alloy purchased the Madison Square Boys & Girls Club’s (Madison) Navy Yard Clubhouse. Alloy then partnered with Madison to temporarily restore much-needed after-school services for the next two years at the long-time community programming hub, made possible in part through a $2 million donation from Alloy.

Collaborations

  • 240 Nassau Street has been home to the Navy Yard Clubhouse for several decades. Run by the Madison Square Boys & Girls Club (“Madison”), the Clubhouse served as an important community asset for children and their families in Downtown Brooklyn and Fort Greene, specifically for residents of Farragut, Ingersoll, and Walt Whitman Houses.

  • Madison Square Boys & Girls Club was taken to court under the New York State Child Victims Act (CVA) for alleged abuse that happened at other Boys & Girls Club sites in Manhattan from 1948 to 1984. In Summer 2022, Madison was forced into bankruptcy. In the year after, it closed the Navy Yard Clubhouse and needed to sell it on the open market. The closure of the clubhouse was a huge loss to the local community and to the dozens of families who relied on the services they provided.

  • Alloy Development was selected to purchase the property in November 2023, and simultaneously announced a partnership with Madison to keep the Clubhouse open on an interim basis until June 2027. This was made possible in part through a donation of $2M from Alloy to Madison. Operations at the Clubhouse resumed in February 2024. For information on how to enroll your child at the Navy Yard Clubhouse, please contact Stanley J. King (SKing@madisonsquare.org).

Background

  • See above for details

  • It has already started!

    Please contact Stanley J. King for more information (SKing@madisonsquare.org).

  • For information on how to enroll your child at the Navy Yard Clubhouse, please contact Stanley J. King (SKing@madisonsquare.org).

  • Yes, Alloy is working with other local community organizations and the Boys & Girls Club and is currently evaluating proposals for summer programs.

  • We are gathering the community’s input on what community space will best serve the neighborhood. Please contact us with your ideas!

  • We are meeting with various organizations to understand who would be the best fit. If you have an idea please let us know!

  • The construction of the building will start in approximately 2 years.

FAQ

Alloy Development is a design and development company that has been based in Dumbo, Brooklyn for the past 20 years.

At Alloy, we are committed to making Brooklyn beautiful, sustainable, and equitable. As architects and developers, we see opportunity in the diversity and complexity of our urban context, and we use great architecture and thoughtful development to positively impact our built environment.

Alloy has a strong track record of local hiring and community engagement in Brooklyn, most recently as part of its mixed-use Alloy Block project in Downtown Brooklyn, which is under construction and will include the city’s first two Passive House public schools: a new Khalil Gibran International Academy high school and a new public elementary school.

Alloy Development

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July 22, 2024

February 5, 2024

November 22, 2023