Construction Start

June 2008

Occupancy Date

January 2010

Number of Units

168 Apartments in 2 Buildings
Studios, 1, 2 and 3 Bedrooms

Building Size

168,000 Square Feet in 2 Buildings
7 Floors

Development Cost

$45.1 Million

Capital Financing

NYC HPD Cornerstone Program

NYC Housing Development Corporation

NYC HPD Low Income Housing Tax Credits

NYS HCR Low Income Housing Credits

JPMorgan Chase Bank

JPMorgan Capital Corporation


L&M Development Partners Inc.
MHANY Management Inc.


Curtis + Ginsberg Architects LLP


L&M Builders Group LLC

Located in the Brownsville neighborhood of Brooklyn, The Beacon includes two new buildings with affordable rental apartments serving a wide range of household incomes. The site, formerly an unused City-owned parking lot, was awarded through NYC HPD's Cornerstone Program and was developed pursuant to a re-zoning. The buildings incorporate a substantial number of high-efficiency and green elements to reduce utility expenses for the building and residents. The contemporary façade incorporates extensive precast elements, large oversized windows, and rich brick colors to set a strong modern tone for the changing neighborhood.


Site Plan


Site Before Construction:
Hopkinson Avenue

Bike Parking