123-melrose-street-022015

Demo will start in March and construction will begin this summer on the massive Rheingold Brewery development in Bushwick, developer Read Property Group informed neighbors Wednesday. Covering more than 10 blocks, it is one of the largest construction projects to be undertaken in the area and the only one that is largely market-rate since at least the 1970s.

Similar-size projects included 100 percent subsidized housing on other parts of the Rheingold complex and Hope Gardens NYCHA housing, which was built on top of blocks that burned down in the riots and arson fires of the 1970s.

Workers will demo an old warehouse at 123 Melrose Street, above, where the first building will go up, reported DNAinfo. The 80-foot-tall building will house 385 apartments, 20 percent of which will be subsidized. There will be shops along Evergreen Avenue, 71 parking spots and an outdoor swimming pool. Construction will wrap in late 2016 or early 2017.

Rabsky Group and nonprofits Churches United for Fair Housing and Los Sures are also involved in the project. The nonprofits are looking for funding to build about 90 affordable one-bedroom units for seniors. They also plan regular affordable housing.

Affordable Units at Rheingold Brewery Site to Start Being Built This Summer [DNA]
Photo by Nicholas Strini for PropertyShark


What's Your Take? Leave a Comment

  1. well, if area is getting nicer > housing demand increases > prices go up. It’s the same way anywhere in the world, it’s silly to get angry about it. If you think such huge price increases are to come (1,100 -> 1,900) buy something in the area. You can buy an apartment in this development, you got 2 years to save for the downpayment.

  2. If they were serious about job growth they would have at the least upzoned those commercial areas for taller office/manufacturing buildings so more companies can utilize that space and transit. At it’s current zoning they can only build three stories max. A quick look on google earth shows whole block sized lots used for just parking school buses, a big parking structure could probably house them and free up most of those lots.

    https://www.google.com/maps/place/East+New+York,+Brooklyn,+NY/@40.6733778,-73.9019822,506m/data=!3m1!1e3!4m2!3m1!1s0x89c25d065dd654f3:0xea460699be6d9dd4

    This one on wortman ave. and Fountain ave. takes up 3 blocks worth alone:
    https://www.google.com/maps/place/East+New+York,+Brooklyn,+NY/@40.6628228,-73.8693177,538m/data=!3m1!1e3!4m2!3m1!1s0x89c25d065dd654f3:0xea460699be6d9dd4

  3. so TRUE. We should make the area worse, then the Gonzales family will pay $500 and the rent will keep on dropping, deflation works wonders!

    also, dude, stop discriminating against hipsters! I even know a hipster with last name of Gonzales. I guess we can allow her to live around here, I hope that’s ok with you? 🙂

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