Brooklyn-based real estate development firm Totem is moving forward with plans to rezone Brooklyn’s Broadway Junction, as part of a project called “Herkimer-Williams.” According to the New York Daily News, Totem is looking to rezone a three-block area near the Broadway Junction subway station that the firm already owns. The long-awaited revamp would welcome 596 units of affordable housing and potentially eliminate Herkimer Street between Williams Place and Fulton Street, to create one contiguous parcel of land.
The rezoning application also calls for four new buildings ranging between 20 and 30 stories high, spanning nearly 1.7 million square feet. If approved, the project would include 248,000 square feet of retail space and 748,000 square feet of office space as well. Building heights and affordability levels will be negotiated upon with the community during the rezoning process, with the former expected to be a major area of concern for the community.
The formal land use process isn’t expected to begin until 2025, while the land use process and environmental review would finish some time in 2026. Construction would last at least a decade and would consist of four separate phases.
