SHARC Energy Applauds Transformative $1.2 Billion Development to Create 2,400 Affordable Homes, Medical Clinic, Retail in East New York
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Tuesday, January 3, 2023
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The initial $373 million phase will create 576 affordable homes, a new 15,000-square-foot outpatient medical clinic, and 7,000 square feet of ground floor retail space.
Key Points:
- The initial $373 million phase will create 576 affordable homes, a new 15,000-square-foot outpatient medical clinic, and 7,000 square feet of ground floor retail space.
- The initial phase of the development is comprised of two buildings with the current design having one featuring a SHARC WET System and the other a PIRANHA WET System.
- SHARC Energy is working through the final submittal process with its New York State distributor HIGHMARK and the purchase order is expected imminently.
- “We are appreciative of the opportunity to support the State of New York in this transformative affordable housing project.