Linden/Penn Wortman PACT

 

The Linden/PW PACT project is a transformation of 1,922 units of Section 9 public housing to Section 8 housing choice vouchers. This conversion unlocks financing tools previously unavailable to perform $300M worth of repairs stemming from decades of disinvestment and deferred maintenance.

SMJ is part of quartet of developers that includes L&M Development Partners, Douglaston Development, and Dantes Partners. Together the team formally known as Stanley Avenue Preservation LLC in concert with NYCHA will modernize the interiors, exteriors, and systems of the 21 building campus in East New York Brooklyn. The work will be completed with tenants in place and yield more efficient property management and enhanced social services.

Construction Start - January 2022

Estimated Completion Date - December 2024

Program - PACT

Architect - Curtis & Ginsberg Architects LLP

Construction Lender - NYC HDC, Citi, Wells Fargo

For Profit Partner - L&M Development Partners

For Profit Partner - Douglaston Development

For Profit Partner - Dantes Partners

Non Profit Partner - NYCHA

Social Service Partner- CAMBA

Social Service Partner - University Settlement

Social Service Partner - Millennium Development

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