Brownstoner Development is a partnership between Jonathan Butler, founder of the real estate blog Brownstoner.com and co-founder of the Brooklyn Flea and Smorgasburg, and Marc Agger, a longtime Brooklyn-based fish dealer, cycling and safe streets advocate and real estate developer. 1000 Dean is the duo’s first project together.
BFC has been a developer of affordable and market-rate housing and mixed use projects in New York City for more than 25 years. After starting in the East Village in the 1980s, BFC has established itself as a major developer in Brooklyn, completing the award-winning Toren in Downtown Brooklyn. BFC is currently developing the affordable housing component at CityPoint on Flatbush Avenue and the city’s first outlet mall on Staten Island. Most recently, BFC was part of a team to be selected by the city to develop the Seward Park complex on the Lower East Side. The company’s three principals are Donald Capoccia, Joe Ferrara and Brandon Baron.
Through its Urban Investment Group, Goldman Sachs has financed many of Brooklyn’s biggest developments in recent years, including both mixed-income housing (Acacia, Columbia Commons), community facility space (Pitkin Ascend Charter School, Loews Kings Theatre), and retail (Citypoint). Since launching in 2001, the Urban Investment Group has committed more than $3.0 billion of capital, helping to create and preserve 13,000 housing units, 2,000,000 square feet of commercial space in underserved areas, as well as more than 1,300,000 square feet of community space, supporting health care clinics, charter schools and other retail services for local residents.