Finally, some movement at the long-rumored conversion of an empty warehouse on Imlay Street in Red Hook — and it’s going to be condos after all, aimed at artists. Developer Est4te Four plans to break ground next month on a condo conversion at the former New York Dock building at 160 Imlay Street, according to DNAinfo. The luxury developer plans to market their “affordable” apartments to artists, models and other creative types — possibly as soon as next month. An anonymous source told DNAinfo last year that units will start around $500,000. The Los Angeles-based firm bought the century-old Imlay Street building for $25,000,000 and a red-brick warehouse nearby at 202 Coffey Street for $11,800,000 in 2012. Construction is expected to last between 18 and 24 months at Imlay Street and about a year at Coffey Street, where construction is scheduled to start by the end of the year.
Architecture firm Adjmi and Andreoli is overseeing both projects. At Imlay Street, they filed a disapproved plan application in May for 69 residential units, a rooftop pool and an enclosed parking lot with 44 spaces, totaling 37,942 square feet of residential space. Although the developer had previously said the Imlay Street building would have commercial space on the first two floors and a restaurant and grocery store on the ground level, the current plans don’t show any commercial space. Meanwhile, the Coffey Street development will hold five studios and exhibition spaces and one or two open air courtyards, DNAinfo reported.
Developer Targets Artists for “Affordable” Waterfront Studios, Apartments [DNAinfo]
Past and Present: New York Dock Company Warehouses [Brownstoner]
Looks Like Rentals for Red Hook Warehouse at 160 Imlay [Brownstoner]