Earlier this year, the 11-story, 44-unit mixed-use building under development at 251 1st Street (a.k.a. 275 Fourth Avenue), in Park Slope, was several floors above street level. Now, the project has topped out and is receiving its façade elements, as seen in photos by our friend Tectonic. The development, which goes by 251 First, encompasses 82,045 square feet. The latest filings indicate it will feature 4,273 square feet of ground-floor retail space in addition to a 335-square-foot medical office. The residential units will be condominiums and should average 1,368 square feet apiece. Amenities include a stroller valet and storage room, a lounge, a library, fitness and yoga room, a children’s playroom, storage for 22 bikes, a pet washing and grooming station, laundry facilities, a landscaped courtyard, and a rooftop recreational area. The U.S. arm of Shenzhen-based developer Vanke Group is behind the project, while ODA New York is the design architect. Issac & Stern Architects is serving as the architect of record. Completion is expected later this year.
251 1st Street
Last month, Slate Property Group and Adam America Real Estate sold their development site at 275 Fourth Avenue/251 1st Street, in Park Slope, to Chinese developer Vanke, according to Commercial Observer. An 11-story, 44-unit condominium project is planned, and 5,547 square feet of retail and community space is expected on the ground floor. The new developer has also landed a $33.2 million construction loan and expects to complete the building in Q3 2016. Sales should launch in early 2016 and ODA Architecture is designing.
Late last winter, Slate Property Group and Adam America Real Estate began excavation on their planned 11-story, 78-unit rental building at 275 Fourth Avenue/251 1st Street, in Park Slope, located four blocks south of the Union Street stop on the R train. But now, the developers are turning the residential project into 44 condominiums. Ground-floor retail and health care spaces are still planned, which will measure 4,476 and 300 square feet, respectively. ODA Architecture is designing, and sales are expected to launch in early 2016.