The 21,906-square-foot development site at 109 Montgomery Street, in southwestern Crown Heights, has recently changed hands for $24.5 million. Cornell Realty is likely the new owner, according to the Brooklyn Daily Eagle. The site has been approved for a 12-story, 162-unit residential building, which YIMBY revealed renderings of back in October of 2015. The latest permits indicate the building will encompass 168,236 square feet. If the new owner builds the current plans, the residential units, ranging from studios to three-bedrooms, should average 814 square feet apiece. Amenities include a 71-car underground garage, a pet spa, private residential storage, storage for 81 bikes, outdoor terraces on the ground, second, and rooftop levels, and a fitness center. Karl Fischer is the architect. Demolition permits indicate crews will begin to raze the existing single-story warehouse imminently. The site is located five blocks south of the Franklin Avenue stop on the 2/3 and 4/5 trains and Franklin Avenue Shuttle.
109 Montgomery Street
One of the largest new residential projects filed in Crown Heights last year was 111 Montgomery Street, a 12-story apartment building planned for a lot next to the Brooklyn Botanic Gardens. Developer PWR Holdings has put the site on the market, and YIMBY has a rendering for the building that could rise there.
Crown Heights has some of the fastest rising rents in all of Brooklyn. It’s gentrifying at a rate that merited two New York Times real estate section features in the last year, neither of which could resist mentioning riots that occurred 24 years ago. At the same time, new development is sweeping across the area, concentrated at the western edge between Washington and Nostrand Avenues.
A much talked-about rezoning for Empire Boulevard, the boundary between Crown Heights and Prospect Lefferts Gardens, has been roiled by dissent from hardline anti-gentrification group Movement to Protect the People. But while Airbnb host-turned-anti-displacement-advocate Alicia Boyd…