City Unveils $146M Jewel Streets Neighborhood Plan — 5,000 New Homes, Major Rezoning, and a Fresh Development Frontier

New York City is setting the stage for one of its most transformative mixed-use redevelopment efforts in years. Mayor Eric Adams has announced the Jewel Streets Neighborhood Plan, a $146 million public investment aimed at tackling flooding, modernizing infrastructure, and unlocking new housing potential across a swath of East New York in Brooklyn and Lindenwood in Queens.

For decades, the Jewel Streets area has been defined by underutilized land, poor drainage, and limited access. This new plan — the result of more than two years of community engagement — signals a dramatic shift toward revitalization and long-term growth, opening a largely overlooked corridor to private development.

A Framework for New Housing and Investment

At the heart of the initiative is the redevelopment of 17 acres of city-owned land into roughly 1,400 affordable and mixed-income homes, paired with community and retail space designed to anchor the area. Beyond that, a comprehensive rezoning will unlock capacity for an additional 3,600 residential units, with new multifamily and mixed-use buildings expected to follow as zoning changes take hold.

Environmental review is scheduled to begin before year-end, followed by the ULURP process in 2026, setting the stage for private proposals and early-stage site assemblages to begin shortly thereafter.