Speculation has been raised around what Avery Hall Investments would do after purchasing a site from Brooklyn Law School for $76.5 million back in 2016, and acquiring 50,000 square feet of air rights from two nearby properties for another $16 million. Now, permits have been filed for a 21-story mixed use building at 7 Boerum Place, in Downtown Brooklyn. The high-rise will rise on the corner of Fulton Mall, a pedestrian area between Flatbush Avenue and Adams Street that houses over 200 stores. Avery Hall is partnering with Allegra Holding and Aria Development Group.
The 250-foot tall tower will yield 246,700 square feet, with 21,020 square feet dedicated to commercial use, and 183,300 square feet for residential use. Tenants will have access to a swimming pool, storage space, fitness center, space to store 63 bicycles, and of course a crowning rooftop terrace, listed as having a capacity for 175 persons. 122 apartments will be created, averaging 1,500 square feet apiece, indicating condominiums.
SLCE is the architect of record.
Demolition permits were filed in September and is currently in progress. The estimated completion date has not been announced.