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.
Crown Heights’ newest big rental building is inching toward the finish line at 505 St Marks Avenue between Franklin and Classon Avenues.
Curbed spotted the façade being installed at Realty Within Reach’s eight-story, 147-unit residential building under construction at 505 St. Marks Avenue, in western Crown Heights. Completion is expected this spring, but summer will likely be more realistic, and Issac & Stern is designing.
112 Atlantic Avenue [DNAinfo New York]: A proposed four-story and eight-unit residential building totaling 33,000 square feet at 112 Atlantic Avenue, in Cobble Hill, has received renderings amid the public review process; scheduled for the LPC this week,…
175 Greenwich Street [Crain’s New York]: The Port Authority is set to vote on “using $150 million in insurance proceeds” to help fund the construction of the 80-story 175 Greenwich Street, at the World Trade Center. Originally, the money…