nInnovative all-electric Passive House will serve low-income and formerly homeless New Yorkers, features the largest outdoor mural in Brooklyn
On Thursday, August 7 at 11:00 AM, Slate Property Group, RiseBoro Community Partnership, and Goldman Sachs will celebrate the completion of 326 Rockaway Avenue in Brownsville, Brooklyn, a 100 percent affordable, 216-unit mixed-use project. The development is an all-electric Passive House building with several amenities like an outdoor recreation area with play structures and landscaped green areas, community room, gym, and children’s playroom. 326 Rockaway is also home to “King of Love,” a 150-foot mural permanently installed on the side of the building and the largest outdoor mural in Brooklyn.
The celebration will include brief remarks, a ribbon-cutting, and a community back-to-school backpack giveaway.
WHEN: Thursday, August 7, Ribbon-cutting ceremony to begin at 11:00 AM
Backpack giveaway to begin at 2:00PM
WHERE: 326 Rockaway Avenue, Brooklyn, NY 11212
WHO:
- David Schwartz, Co-founder and Principal at Slate Property Group
- Kieran Harrington, Chief Executive Officer at RiseBoro Community Partnership
- Ahmed Tigani, Acting Commissioner at New York City Housing Preservation and Development
- Ruth Moreira, First Executive Vice President at New York City Housing Development Corporation
- Alyson Zikmund, Assistant Deputy Commissioner for Supportive Housing Placements at the NYC Department of Social Services
- Rebecca Sievers, Senior Program Specialist, NYC Department Of Health
- Darlene Mealy, New York City Council Member
- Latrice Walker, New York State Assembly Member
- Kim Council, Deputy Borough President
- Scott Maxfield, Managing Director at Goldman Sachs
- Devon Neary, Senior Community Investment Officer at Corporation for Supportive Housing
- Jon Souza, Program Director at ArtBridge
- Victor “Marka47” Quinoñez, Artist
RSVP: Members of the media are encouraged to RSVP to [email protected] and [email protected]
Units at 326 Rockaway include studios, one-, two-, and, three-bedroom apartments, with rents ranging from $1,095 to $2,301, and 130 of the 215 available units will serve formerly homeless young adults and their families. The building also offers residents amenities like a landscaped roof terrace, recreation room, extensive on-site social services, as well as benefits for the surrounding community like ground-floor retail and community facility space.
Following a ribbon-cutting ceremony, Slate, Riseboro and community members will participate in a backpack giveaway for local Brownsville youth to prepare students for the upcoming school year.
About Slate Property Group
Slate Property Group is an owner, operator, developer and lender, primarily focused on multifamily in the New York metropolitan area. From adaptive reuse and repositioning of existing assets to ground-up development and lending, Slate’s dedicated team of more than 140 employees leverage extensive experience in the multifamily asset class. Over the last decade, Slate has invested in excess of $8.5 billion worth of equity and debt transactions, with a current portfolio of 60+ equity investments.
About RiseBoro Community Partnership
RiseBoro Community Partnership is a community development nonprofit that has been operating in all five boroughs of New York City for five decades. RiseBoro uses a unique and holistic model to revitalize communities, with programs in housing, senior care, education, health and empowerment. Using affordable housing development as a foundation, RiseBoro’s approach helps unleash the potential of New York’s most vulnerable populations.
About the Urban Investment Group (UIG) at Goldman Sachs Alternatives
Goldman Sachs (NYSE: GS) is one of the leading investors in alternatives globally, with over $500 billion in assets and more than 30 years of experience. The business invests in the full spectrum of alternatives including private equity, growth equity, private credit, real estate, infrastructure, sustainability, and hedge funds. Clients access these solutions through direct strategies, customized partnerships, and open-architecture programs.
The business is driven by a focus on partnership and shared success with its clients, seeking to deliver long-term investment performance drawing on its global network and deep expertise across industries and markets.
The alternative investments platform is part of Goldman Sachs Asset Management, which delivers investment and advisory services across public and private markets for the world’s leading institutions, financial advisors and individuals. Goldman Sachs has approximately $3.2 trillion in assets under supervision globally as of March 31, 2025.
Established in 2001, the Urban Investment Group within Goldman Sachs Asset Management has committed over $10 billion through real estate projects, social enterprises and lending facilities for small businesses and students, creating economic value and opportunities for underserved communities and families.
Source: citybiz.co
