Prospect Plaza Houses
The Prospect Plaza Houses was a complex owned by the New [York City Housing Authority] in the Ocean Hill section of Brooklyn and was bordered by St. Marks and Sterling Place, Howard and Saratoga Avenues. It was the first NYCHA development to be fully demolished.
Former development
Prospect Plaza Houses had four buildings, 12 and 15 stories tall with 368 apartments and approximately 1,171 residents. It was completed on June 30, 1974.Demolition
In 1999, NYCHA applied for a $21.4 million HOPE VI grant from the United States [Department of Housing and Urban Development|U.S. Department of Housing and Urban Development] to rebuild the complex after noting its deterioration. The proposed plan contained approximately 670 units, 323 of which are public housing rental units, 273 are non-public housing rental units and 37 are two-family homeowner units. The total project was anticipated to cost over $255 million.Developer Michaels Development Company was hired in 2003 and the first building was torn down in 2005 and the New York City Housing Authority plans to demolish the other buildings and build new apartments as this would be cheaper than renovating the existing units. In 2007, NYCHA terminated its agreement with Michaels. Michaels sued the agency for $5.6 million for breach of contract.
Against federal guidelines, New York City amended its 2010 annual plan with HUD, after the public hearing. Instead of adding one building, it would tear down the entire development and replace it with 80 public housing rental units and add affordable housing.
In the summer of 2014, the other three buildings were torn down and new buildings are currently being built. Construction has started on the buildings on Prospect Place. The buildings are set to be completed in the summer/fall of 2016.