Since its founding in 1990, Kenneth Horn’s Alchemy Properties has acquired over two million square feet of residential space in New York City. During those 28 years, Mr. Horn has personally overseen the sales of $2 billion of real estate, all with a staff of about thirty people. With a full slate of new developments in the works, YIMBY sat down with Ken to discuss the firm’s current plans.
Permits have been filed for a 20-story mixed-use building at 1230 Madison Avenue, on the Upper East Side of Manhattan. The site is ideally located for culturally engaged residents, as it is on the same block as the Guggenheim Museum, and just six blocks away from the Metropolitan Museum of Art. Six blocks away is the 86th Street subway station, serviced by the 4, 5, and 6 trains. Real Estate Equities Corporation (R.E.E.C.) is behind the applications.
Permits have been filed for a seven-story residential building at 1283 Ocean Avenue in Flatbush-Ditmas Park, Brooklyn. The site is five blocks away from the Avenue H subway station serviced by the Q trains, and ten blocks away from the Flatbush Avenue subway station, end of the line for 2 and 5 trains and center of a substantial commercial intersection. Vision Developers LLC is responsible for the development.
Last week, a proposal for a major new development at 6208 8th Avenue, in Sunset Park, Brooklyn, began to wind its way through the City’s planning processes. Today, we have the exclusive first look at another mega-project proposed directly across the street, at 6205 8th Avenue, where DXA Studio has designed an enormous two-block plan that would cover even more of the open railway tracks that currently leave the neighborhood bereft of its obvious potential.
Permits have been filed for two eight-story mixed-use buildings at 376 and 378 Flushing Avenue in Bedford Stuyvesant, Brooklyn. The site is right on the border with Williamsburg. The Flushing Avenue subway station, serviced by the G train, is nine blocks away. Manhattan-based Riverside Developers USA is behind the applications.
