Re-envisioning Bed-Stuy Restoration’s Fulton Street Home
Bedford Stuyvesant Restoration Corporation is kicking off a community planning process to re-envision Restoration Plaza, its long time Fulton Street home. We recently finalized our five-year strategic plan to help disrupt and close the racial wealth gap based on the tenets of excellence, collaboration, and innovation with community remaining at its core.
Re-envisioning Restoration Plaza is front and center of our strategic plan.
We’re proud to partner with architect Sir David Adjaye OBE — whose iconic works have included the National Museum of African American History and Culture and the Nobel Peace Center — to re-imagine Restoration Plaza, its physical home on Fulton Street, frequently referred to as the Town Hall of Central Brooklyn.
As the city and borough attract a huge range of national and international employers, industries from technology to construction, light manufacturing, retail, hospitality, health and food services are more robust in Brooklyn than ever before. Our plan helps foster an equitable Brooklyn economy in which longtime residents can benefit in a real and permanent way from those investments.
A Symbol of Ownership, Pride and Economic Stability for Central Brooklyn
In the weeks and months to come, we will work closely with Central Brooklyn to get input to create a new symbol of ownership, pride and economic stability. The way in which our new home functions will be decided in lock-step with you with four centers of excellence anchor the Plaza:
- Center for Personal Financial Health – Will aim to help local residents and families increase their savings and net worth by earning and saving more, with services like financial and homeownership guidance as well as career counselling and networking help.
- Center for Community Asset Building – Will work to ensure that new investments in local infrastructure, housing, business arts and culture are fashioned to include, rather than displace, low- and moderate-income residents.
- Center for Social Entrepreneurship and Enterprise – Will lead the work to reimagine Restoration Plaza as a hub for entrepreneurship, middle-income jobs, skills development and training. The strategic plan envisions over 400,000 square feet of office space, a major expansion of Restoration’s current footprint which will help bring its mission of attracting businesses focused on the elevation of Central Brooklyn residents to scale.
- RestorationART – Will continue to grow as a leading cultural destination in Brooklyn, a 24/7 creative complex within Restoration Plaza that reflects the diverse stories of people of African descent; celebrates Black excellence, delving into the issues of our time, including race, equity and diversity; and attracts artists in theater, dance, music, and visual arts from around the corner and around the world. It will set the tone of Restoration Plaza as elevating the financial and cultural priorities of communities of color in Central Brooklyn while welcoming of all residents.
Together, these resources will help our community create a template for disrupting and closing the racial wealth gap – a model that can be replicated in other communities.