The squat two-story commercial building that once filled the corner of Flatbush Avenue and Fulton Street has been completely demolished. Back in April, the Post reported that Slate Property Group and and Meadow Partners closed on the purchase of the site at 1 Flatbush Avenue for a record-breaking $59 million, and it looks like work is moving right along.
Eventually, a 16-story, 126-unit tower will rise on the high-profile corner. If the latest permits are accurate, the project has shrunk from when new building applications were first filed in October. Those plans called for 19 stories and 157 units. Now the structure will total 119,340 square feet, with a 19,200-square-foot retail space. Those 126 apartments will now be spread across 100,141 square feet of residential space, yielding a typical rental-sized unit of 794 square feet.
However, the building’s height will remain the same at 210 feet. A retail base will occupy the first two floors, and amenities will follow on the third floor, topped by 13 stories of apartments. The developer still plans to set aside 20% of the units as affordable housing in exchange for a slight increase in floor area, which will produce about 25 below-market apartments.
Goldstein, Hill and West are the architects of record, and their black steel and red brick design surfaced earlier this year.
The tower will sit right next to 66 Rockwell Place, the 44-story tower that has reportedly struggled to fill its affordable units. It’s also just down Fulton Street from the City Point megaproject, which will eventually bring three towers, 690 apartments and 600,000 square feet of retail to the incredibly busy commercial strip.