New York City Economic Development Corporation (NYCEDC)
New York City Council Approves Plan for New Flatbush Caton Market And 100% Affordable Housing
Development - April 25, 2017
A rendering of the Flatbush Caton Market project that will expand and renovate market, create 250
units of 100% affordable housing, provide new space for the Caribbean American Chamber of
Commerce and Industry and more for the East Flatbush neighborhood. "This shared vision, which is
collaboration between the market vendors, community, and elected officials, will elevate the market
while all at once creating hundreds of new units of quality, affordable housing in the neighborhood,"
said Meredith Marshall, managing partner and co-founder of BRP Companies. Proposed development
brings new, expanded the market for small businesses and local vendors; over 250 units of affordable
housing; community space, and new retail:
New York City Economic Development Corporation (NYCEDC) today announced that the New York City
Council has approved the de Blasio Administration’s plan to transform the Flatbush Caton Market, a
local commercial and cultural institution, into a rejuvenated, mixed-use facility. The proposed plan will
bring an expanded and renovated market, 250 units of 100% affordable housing, a new space for the
Caribbean American Chamber of Commerce and Industry (CACCI), additional community space, and a
commercial kitchen that will serve as an incubator space to support the long-term growth and vitality of
dozens of local vendors and entrepreneurs.
The project will be partially supported by capital funding from the Brooklyn Borough President’s office,
Council Member Mathieu Eugene, and the New York City Council. “The renovation of Flatbush Caton
Market offers a unique opportunity to preserve a cultural institution, foster the growth of local vendors
and entrepreneurs, and create 100% affordable housing,” said NYCEDC President and CEO James
Patchett. “We are thrilled that today’s City Council vote will allow us to move forward with our plan to
rejuvenate a market that will continue to be a critical community and economic anchor for this
neighborhood.”