Yesterday Ariel Property Advisors announced the sale of the huge lot at 626 Flatbush Avenue, in Prospect Lefferts Gardens, to the Hudson Companies. The Hudson Companies, developers behind Third + Bond as well as the new Kensington build 22 Caton Place, paid $11 million for the lot. The L-shaped parcel — the large building at the top center of the above image and the parking lot behind it — is on Flatbush between Parkside Avenue and Lincoln Road. They plan to build a 23-story, 254-unit rental building there, 20 percent of which will be affordable. DOB documents also indicate that there will be 4,758-square-feet of commercial space and 3,583-square-feet of community space. According to Ariel’s press release, “The property features 100 feet of frontage on Flatbush Avenue and a rear parking lot, which is approximately 52,265 square feet… The deal had to overcome several major hurdles before closing, including resolving an easement issue and relocating several commercial tenants.” Indeed, the developers signed a contract for the site back in March 2012, and the news leaked in February. The tower, the first new high-rise for the neighborhood, will be designed by Rogers Marvel Architects. The Department of Buildings have not yet approved the new building application.
Massive Tower Planned for Prospect Lefferts Gardens [Brownstoner]
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The City Planning Commission voted unanimously in support of outgoing Borough President Marty Markowitz’s plan to revamp the former Childs Restaurant in Coney Island and turn it into an amphitheater and upscale eatery, Brooklyn Paper reported. However, local residents are less than thrilled about the plan, which will require $53,000,000 in city funds to transform […]
Willets Point Developers Ask City for $43 Million in Tax Breaks Single Family Home in Jackson Heights Sells Just Under $1 Million A Few More Details on the Large Avery Avenue Sale in Flushing Sims Metal at Newtown Creek Listing of the Day: 25-19 35th Street, #3D Food Bazaar Opening on Northern Boulevard Next Week… […]
Brooklyn, one building at a time. Name: Originally Public National Bank of New York, now Bank of America Address: 47-49 Graham Avenue Cross Streets: Corner Varet Street Neighborhood: East Williamsburg Year Built: 1921-1923 Architectural Style: Neo-Classical Architect: Eugene Schoen Other works by architect: other branches of Public Nat’l Bank; several synagogues, and factories. Best known […]
Drug treatment and psychotherapy center New Directions lost its lease and plans to relocate to 500 Atlantic Avenue in March. The substance abuse treatment program has been headquartered at 202-206 Flatbush Ave between Bergen and Dean since 1983. More than a dozen neighbors came out at last night’s community board meeting to voice their opposition to the move. Community Board […]