Williamsburg’s latest affordable development, The Brooklyn Grand at 774 Grand Street, has just opened a lottery for 13 newly constructed, below-market-rate apartments renting for as little as $722 a month.
The available units consist of three studios, three one-bedrooms, and seven two-bedrooms. The studios will rent for $722 a month to single-person households with an annual income of $26,092 to $38,100 a year, the one-bedrooms will rent for $741 a month to one- to two-person households making between $26,778 to $43,500 a year, and the two-bedrooms will rent for $900 a month to two- to four-person households with an annual income between $32,263 and $54,360.
The building, which is smoke-free, includes a roof terrace, video intercom, fitness center and, for an additional fee, bike storage and parking.
Previously, The Brooklyn Grand’s lot was home to the decades-old one-story Liberty Department Stores building. Construction of The Brooklyn Grand began in the fall of 2014.
Jeff Kurtz of Kamson Corp. and Dean Marchi of Grand Street Development purchased the property for $14.2 million in 2013. Meshberg Group is designing the exterior and interior, although prolific Brooklyn architect — especially in Williamsburg — Gene Kaufman is the applicant of record on building permits.
The eight-story building will contain a mix of retail and residential, with a total of 64 apartments. The Meshberg Group is designing the structure to resemble a 19th-century department store, with tiers of large windows and arched openings at the top.
The building is a block away from the Grand Street L station.
Applications must be submitted by August 17.
The lottery will set aside a percentage of units for mobility-, vision- or hearing-disabled applicants, and give preference to residents of Community Board 1 and municipal employees.
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