Marketing Starts for Huge 4th Avenue Development Site

This marketing flyer for the major development site on 4th Avenue and 11th Street popped up yesterday on Brooklynian. If you recall, this is the Park Slope corner where nine residential and commercial building are slated for demolition. TerraCRG is marketing the site, which is a total of 12,690 square feet. Here’s what they have to say about it:

The 120 ft x 105.75 ft corner site consists of seven tax lots and 6,672 SF of air‐rights transferred from an adjacent property. The zoning of R8A/C2‐4/EC provides for a 6.50 FAR for a Mixed Use Building, of which 6.02 is Residential and the balance is attributed to Commercial and a small amount of Community Facility. As such, there is an ability to build an 86,052 BSF Mixed Use Building, of which 79,626 BSF is Residential BSF and the balance is a mix of Commercial and a small amount of Community Facility BSF. A small section of the development site is in R6B zoning. The site will be delivered vacant and unencumbered. One of the buildings has already been demolished and the remaining building demolitions have already been filed with the DOB.

Looks like something massive will be coming to this corner. It’s sure that demolition is coming soon. The price for the development property isn’t listed. UPDATE: This site is asking $20 million.
Demo for Nine Buildings on 4th Avenue and 11th Street [Brownstoner]

8 Comment

  • Hey Emily, do you know what rules re: site apply to current speculative owners as opposed to actual developers. Got some time on my hands and, as a neighbor, interested in gadflying the thing.

  • It’s so sad what the rezoning of 4th avenue has led to. So many 2 and 3 family homes have been torn down and replaced with huge condos with hundreds of units. So many Park Slope residents have lost their AMAZING view of the city and harbor.
    Some corners needed the change (Prospect, 17th, 19th,) but not a block like 11th street. Those homes are so nice. It’s such a shame, but some good has come from it such as an influx of money and families in a part of the neighborhood that had long been plagued with low income and crime. All of the businesses on 5th avenue are benefitting from this influx of people and the area is safer then I could have ever imagined while growing up in the 90s and the transformation that is happening to 3rd avenue is truly amazing.

    • This is the perfect spot for an upzone. You don’t plan a city around preserving views. And these buildings are all vinyl-sided fuglies.

      • Hey, pal. I own one of those three-family, four-story “fuglies” on 11th Street built in 1900. Wood floors, tin ceilings, huge windows, garden, trees, off-street parking. It’s now worth $2 million. Guess who’s having the last laugh?

    • Missing your point here – 11th Street homes are nice, but there is good in tearing them down because an infllux of money and families in the neighborhood has vanquished “low income and crime”? Not so sure that building high rises in the neighborhood brings in families (most seem to be in lower rise housing, from what I can see) and destroying decent housing stock doesn’t bring down crime. “Benefits” to 5th Avenue are worth continued pressuring out low – or even middle-income families on 4th? Huh? And yoyopapa, bet you don’t live anywhere near the site – nor know much about city planning – don’t ever remember hearing that getting rid of vinyl siding was a criteria for city planning. The tragedy on 4th is that there has been absolutely no planning, other than the upzoning designed to “save” streets deeper into Park Slope and Boreum Hill.

      • As it happens, I live close to the site and have masters degree in city planning. Of course vinyl siding is not a reason to change zoning. I was just disagreeing with John’s claim that “those homes are so nice. It’s such a shame.” I do think the 4th avenue rezone was handled very poorly. But that doesn’t mean an upzone was a bad idea for this stretch.

  • I believe the upzoning of 4th Ave is a success. It has directed growth to a street that is well-served by mass transportation. It has provided more options to folks who wish to live in a modern, elevator-served apartment in brownstone Brooklyn neighborhoods. It has relieved the development pressure off the side streets with the truly distinguished row houses.

    I do not have a degree in urban planning, so feel free to ignore my argument above.

  • You live in a city.