A new 18-story tower could take shape at the busy intersection of Atlantic and Vanderbilt Avenues in Prospect Heights, Brooklyn. The development site comprises seven neighboring lots and is referred to as 840 Atlantic Avenue.
Before construction can begin, the Department of City Planning will need to approve zoning text amendments to permit the construction of a dense mixed-use building. If approved, the structure would comprise over 376,000 square feet including a mix of rental apartments, retail space, a community facility, and a 90-vehicle sub-grade parking garage.
IMC Architecture produced the massing diagrams, renderings, and drawings, and is currently working on rezoning the effected lots.
Residential area, which accounts for a majority of building floor space, will comprise 312,917 square feet and up to 316 units. A maximum of 95 apartments will be marketed below rate as affordable homes.
The retail component will span a portion of the first and second floors with a total area of 55,715 square feet. The community facilities have not been specified but will also occupy the lower levels of the building and max out at 7,800 square feet.
Existing conditions include a McDonald’s with a drive through and a large parking lot, two vacant lots, and three three-story residential buildings, one of which contains ground-floor retail. It appears that all existing properties will be demolished.
As specified by developer Vanderbilt Atlantic Holdings, LLC, the construction will be completed in a single phase and is expected to last around two years. The property could debut as early as 2023 pending approvals from the Department of City Planning and necessary permits from the Department of Buildings.