Brooklyn

215 Schermerhorn Street

GPB Realty Capital To Acquire Development Site At 215 Schermerhorn Street, Downtown Brooklyn

12:30 pm on August 18, 2015 By Reid Wilson

Earlier this spring, the development site at 211-215 Schermerhorn Street, in Downtown Brooklyn, was placed on the market for $30 million, and now GPB Realty Capital is in contract to purchase the property. Neither the price nor the future plans have been disclosed, although a 75,000 square-foot residential or hotel building could be built. TerraCRG brokered the property, and the lots are currently vacant, according to The Real Deal.

Red Hook Innovation Studios

Developer Seeking Investment Partner For Red Hook Innovation Studios, Office Complex In Red Hook

10:00 am on August 18, 2015 By Reid Wilson

In October 2014, YIMBY revealed renderings of a multi-block, nearly 1.2-million square-foot office complex at 68 Ferris Street, in Red Hook, and since then, the Milan, Italy-based developer Est4te Four has been assembling the properties for the development. Now, Cushman & Wakefield has been tasked to market a 49% stake in the project, according to Crain’s. The project could break ground next year and is expected to be built over five years, featuring new-construction buildings and warehouse conversions. NBBJ is designing.

470 4th Avenue

12-Story, 105-Unit Mixed-Use Building Rising At 470 Fourth Avenue, Gowanus

6:30 am on August 18, 2015 By Reid Wilson

In 2014, YIMBY brought you new renderings of the 12-story, 105-unit mixed-use building planned at 470 4th Avenue/237 11th Street, in Gowanus, and now Brownstoner reports the building is four stories above ground, and rising. Adam America, Slate Property Group and Naveh Shuster Group are developing, while Aufgang Architects is designing. The project, located a block from subway stops for the F, G and R trains, will include 5,260 square feet of retail space on the ground floor, and a 2017 completion date appears likely.

15-Story, 228-Unit Mixed-Use Building Tops Out At 180 Myrtle Avenue, Fort Greene

2:00 pm on August 17, 2015 By Reid Wilson

In April of 2014, YIMBY revealed renderings of Red Apple Group’s 15-story mixed-use building at 180 Myrtle Avenue, in Fort Greene, and a year later, the structure was two stories above street level and rising. According to Brooklyn Daily, the structure has topped out and slightly larger than originally planned. The building — dubbed The Margo — will have 228 residential units, 40 of which will be rented at below-market rates. The ground floor will feature 10,600 and 500 square feet of retail and community health space, respectively. Dattner Architects is designing, and completion is expected in the spring of 2016.

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