Although its been known for a while that Avalon Bay, the Virginia-based company responsible for the two large buildings at Houston and Bowery in Manhattan, plans to build a 42-story tower on Flatbush at Myrtle Avenue, the Brooklyn Paper this week unearthed some new details about the project. The $250 million “community” (as the developer refers to it) is still in the design process, so no renderings yet; we do know, however, that it will have 600 market-rate rentals atop a large retail space (which is unlikely to be a Whole Foods, according to the article). The triangular plot of land is just a block from the Flatbush front-runner Oro Condominium. (The news last week that men may be joining the fracas at the already troubled shelter for female drug addicts at 200 Tillary can’t be making any of the developers investing huge sums in the area very happy. Of course, if there was any truth to this rumor, it would make the developers very happy.) Work is expected to begin on the Avalon project in September (though it’s never too early to start closing off streets, as this photo from last Thursday shows) with a target occupancy date of March 2009.
Tall Tower, High Rents [Brooklyn Paper]
Ft. Greene Getting Its Avalon On [Curbed]