Alloy Development, the NYC Educational Construction Fund, and GFB Development are in the early stages of a proposal to redevelop the combined parcels at 240 Nassau (the former Navy Yard Madison Square Boys & Girls Club) and 50 Navy PS 287 into a collection of five buildings, including mixed-income rental apartments, affordable senior housing, a new public school, a community center, a cultural center, publicly accessible open space, and retail.
About the school
The PS 287 building was built in 1952 and serves students from 3K to 5th Grade. PS 287 has currently less than 100 students enrolled in total. The school is an official International Baccalaureate World School Primary Years Programme (PYP). The building is being shared with Community Roots Charter Middle School.
The new planned school building would have expanding foot print from 78,000 sq ft to 120,000 sq ft for more seats and specialized instruction, and would become a zoned Department of Education elementary school (not a Charter School). The developers plan to close the school building by the end of June 2027 when they begin construction of the new school building. It has not been decided where students will relocated to during construction with the under-enrolled PS 307 nearby being one option.
About the housing
Alloy plans to build a mix of market rate and affordable housing with ground floor retail spaces. The total amount of residential units would be around 1,500 rental units.
About the Community Center
The developers envision the new community center being run by an organization similar to the Madison Square Boys & Girls Club offering after school and summer programming possibly operated by a non-profit like the YMCA.
