Owned Business Enterprise (MBE) and the project’s developer, plans to partner with Urbane
Development to provide robust educational programs focusing on management skills and business
development strategies for small retailers. Additionally, BRP has committed to providing a temporary
space for current market vendors, ensuring that the market will continue to operate throughout the
construction of the new facility.
Founded in 2001 with the support of former Council Member Dr. Una Clarke, the Flatbush Caton Market
is home to many small businesses and micro-entrepreneurs and serves as a vital cornerstone of the local
Caribbean community. The project follows extensive discussions with local elected officials and
community stakeholders, who identified the community’s desire to bring new affordable housing and
jobs to the area while protecting the current market vendors and providing them with expanded
support to help them grow. The redevelopment of the site will reinforce the market’s important role in
promoting economic growth in the Flatbush neighborhood.
As part of the Mayor’s Housing New York plan, NYCEDC has continued to identify opportunities that
promote mixed-use, mixed-income development and further the Mayor’s commitment to creating
200,000 affordable housing units throughout the five boroughs. In March 2017, NYCEDC and the
Department of Housing Preservation and Development (HPD) announced a commitment to bring deeply
affordable housing to the site of a former MTA bus depot on East 126th Street in East Harlem.
In January 2017, NYCEDC, HPD, and the Housing Development Corporation (HDC) announced plans to
transform an underutilized New York Police Department (NYPD) parking garage in Jamaica, Queens into
a mixed-use development that will include over 350 units of 100% affordable housing, recreational and
commercial/retail space, which will generate hundreds of good-paying construction and permanent
jobs.
About NYCEDC - New York City Economic Development Corporation is the City's primary vehicle for
promoting economic growth in each of the five boroughs. NYCEDC's mission is to stimulate growth
through expansion and redevelopment programs that encourage investment, generate prosperity and
strengthen the City's competitive position. NYCEDC serves as an advocate to the business community by
building relationships with companies that allow them to take advantage of New York City's many
opportunities. Find us on Facebook or follow us on Twitter, or visit our blog to learn more about NYCEDC
projects and initiatives.