Local Council Member Letitia James reaches agreements with developers and City to increase affordable housing, preserve nearby public library. 22 Lafayette LLC and the NYC Economic Development Corporation proposed to develop a cultural space and residential tower and plaza at 113 Flatbush Avenue in Brooklyn. The site for development is a triangular lot bounded by Flatbush and Lafayette Avenues and Ashland Place. The lot was previously the subject of a 2007 request for proposals that sought a developer to create an underground parking garage as part of the BAM Cultural District; those original plans evolved into the current proposal. The current use of the site includes a surface parking lot and a vacant one-story building. The lot is owned by the EDC and the City, and the development would be built, managed and operated by Two Trees Management in partnership with the City.