Construction has quietly topped out on the 14-story, 89-unit mixed-use affordable housing building under development at 92-61 165th Street, located on the corner of Archer Avenue in downtown Jamaica. A rendering of the project has also been spotted on the construction fence. The latest building permits indicate the structure measures 93,041 square feet and rises 132 feet above street level to its roof.
Slate Property Group
What is Brooklyn? For many, the borough is associated with new buildings populated with young professionals fleeing Manhattan, where the cost of living rises as high as the skyscrapers. Some prefer to dismiss them as silver-spoon suburban transplants wishing to emulate some fantasy starving artist lifestyle, which they would assert is long-gone from the borough. Others would disagree, pointing at the “authentic Bohemians” living in rundown, graffiti-covered, and sometimes illegally-run lofts on the fringes of industrial districts, not yet touched by true gentrification. In contrast to another stereotype, which presumes that manufacturing has also left the borough, these pockets of industry still teem with activity, whether in dusty cement-mixing lots, in auto shops that clog the sidewalks in front of them with rides-in-progress, or in manufacturing plants where they are rightfully entitled to slap a “Made in Brooklyn” label onto their wares.
During the summer of 2015, YIMBY reported that demolition was competed on the two-story commercial building at 1 Flatbush Avenue, in Downtown Brooklyn. Now, excavation is underway for the planned 19-story, 157-unit mixed-use building replacing it, as seen in photos by Tectonic. The new structure will encompass roughly 170,000 square feet, 24,500 square feet of which will be used for retail space across the cellar through second floors. The rental apartments should average 793 square feet apiece, and 32 of them will rent at below market-rates through the housing lottery. Amenities include storage space for 79 bikes in the cellar, a fitness center, followed by entertainment lounges/recreation rooms, a library, a yoga room, all located on the third floor, and a rooftop terrace. Developers Slate Property Group and Meadow Partners landed a $110 million construction loan earlier this year. Goldstein, Hill & West Architects is behind the design. Completion is expected in 2017.
Work on the conversion of a former manufacturing building not far from the DUMBO waterfront is humming along quite nicely. Yesterday, YIMBY got a hardhat tour of the work underway at 51 Jay Street.
In November of 2014, the former 206-bed nursing home for AIDS patients (dubbed Rivington House) located at 45 Rivington Street, on the Lower East Side, closed its operations. Last year, there were reports that The Allure Group would turn the five-story, 150,000-square-foot building into a nursing home that would be available to all seniors, but now a team of developers has acquired the property for $116 million, according to The Real Deal. The team includes the U.S. branch of China Vanke Co., Slate Property Group, and Adam America Real Estate, and they plan to convert the building into roughly 100 condominium units. A completion date has not been disclosed.