The first of the subsidized studio spaces will be located within The Shop at 420 Carroll Street. The Shop offers reduced-cost community offerings, in addition to traditional, open-space coworking and private offices for freelancers, entrepreneurs and businesses. The property at 420 Carroll is conveniently situated on the Gowanus waterfront. Two blocks from the Union Street R train subway station, the location ensures easy access to the city and is within walking distance of Carroll Gardens, Boerum Hill, Park Slope and downtown Brooklyn. These common spaces are shared with six subsidized studios made available through the CBA, plus one Arts Gowanus Fellowship Studio. The property owner will provide a year-long, renewable lease.