Gov. Kathy Hochul and Mayor Eric Adams have announced the groundbreaking of Logan Fountain, a new mixed-use project that has been in construction since August of this year.
The development project will be converting a defunct gas station into a 13-story hybrid building that will have affordable housing, transitional housing for homeless families, as well as a space for various retailers.
"Across New York, we are making targeted investments that increase affordable housing opportunities and provide supportive and transitional homes for families that need them most," Hochul said.
"Housing and economic development go hand-in-hand, and Logan Fountain is a perfect example of how Mayor Adams and I are working together to bring new homes, new services, and new business to neighborhoods in every borough."
The building — which will be located at 265 Logan St. — will consist of 69 permanently affordable homes for low-income families, 105 homes for individuals that were formerly unhoused and 169 temporary homes for homeless families served through the NYC Department of Homeless Services.
In addition, Logan Fountain will be dedicating around 7,677 square feet towards a ground-level retail space along Atlantic Avenue. The building will also be located within close proximity of two subway stations.
“Projects like Logan Fountain are critical to revitalizing East New York and communities across the city,” Adams said.
“This project will transform a defunct gas station, offering nothing to the community, into much-needed permanently affordable housing, safe beds for our neighbors experiencing homelessness, and community-serving retail space — all with easy access to public transportation. I’m excited to see this important project moving forward and look forward to celebrating with the New Yorkers who will call it home.”
Logan Fountain is being developed by Hudson Companies, Jericho Project and HELP USA.
The project is a key part of the 2016 East New York rezoning, a plan by the city to provide more affordable housing throughout NYC.
Construction of Logan Fountain is scheduled to be completed sometime in late 2024.
