RXR Realty and Westbrook Partners are in contract to purchase the nine-story, 700,000 square-foot former industrial building at 47 Hall Street, in northern Clinton Hill, for more than $160 million, Crain’s reports. Parts of the building are currently rented out as art studios and creative offices, but the eventual new owners plan to convert the structure into modern creative offices; renovations include ground-floor reconfigurations and new outdoor terraces. Landlord Ruby Schron and the Fruchthandler family are the current owners.
The wrecking ball came last year for an aging factory at 10 Lexington Avenue, on the corner of Grand Avenue in Clinton Hill. Now, a five-story apartment building is rising in its place, and YIMBY has the first renderings of the project.
The neglected 4.5-story building at 109 Gates Avenue, in southern Clinton Hill, has been acquired by an unknown buyer for $2.9 million, according to Brownstoner. The buyer reportedly plans to renovate the landmarked building into luxury rental apartments, with a retail unit on the ground floor. Back in 2003, the LPC approved a restoration of the building to its current state, the first renovation since 1908.
A trio of affordable housing developers have been building the huge, mixed-income Navy Green project next to the Navy Yard for nearly a decade, and now the final piece—23 townhouses—is under construction. A crop of single-family homes is taking shape on Vanderbilt and Clermont Avenues between Flushing and Park Avenues, on the border of Fort Greene and Clinton Hill.
Hudson Companies has filed plans for the two affordable pieces of its controversial redevelopment of the Brooklyn Heights Library, at 1043 Fulton Street and 907 Atlantic Avenue in Clinton Hill.