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