Avery Hall Investments is in contract to purchase the grocery store at 120 Fifth Avenue, in northern Park Slope, according to DNAinfo, and plans to close on the site in the second half of 2016. The developer is planning a mixed-use building with residential units and commercial space, although details have yet to be hammered out. A Key Food currently occupies the site, which is reportedly one of the largest development sites in the neighborhood.
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.
Park Slope’s 1928 Pavilion cinema will see a new life alongside residential units, thanks to approval from the Landmarks Preservation Commission on Tuesday. The cinema at 188 Prospect Park West (officially 187-191 Prospect Park West…
Susan Miller, operating as the Miller Family Trust, has filed applications for a five-story, three-unit residential building at 371 13th Street, in southern Park Slope, four blocks south of the 7th Avenue stop on the F and G trains. The building will measure 4,984 square feet, which means units will average a spacious 1,661 square feet each. Marc Albertin’s Financial District-based Plainspace Inc. is the applicant of record, and demolition began on the existing wood-frame house over the summer.