On the southern end of Williamsburg’s waterfront, a three-story commercial property at 484 Kent Avenue is about to hit the market as a development site, boasting 500,000 square feet of residential air rights. In 2011, the property was granted a zoning change to allow for three towers totaling 800 residential units, 30% of which would be affordable. Per Crain’s Business, HFZ Capital Group is interested in the property; the site is suspected to be valued north of $250 million.
Last summer, Greenpointers said goodbye to a sludge tank at Eagle and West Streets, and now part of the affordable housing for Greenpoint Landing is rising in its place at 33 Eagle Street and 21 Commercial Street.
Last year, Second Development Services paid $11 million for a four-story, turn-of-the-century walk-up at 88 Schermerhorn Street, between Court Street and Boerum Place in Downtown Brooklyn. By November, demo permits had been filed, and now plans are in the works to build a 27-story condo development on the site.
According to Brownstoner, Renaissance Realty Group’s two-story, 34,480 square-foot retail building has topped out at 252-260 Atlantic Avenue, in Boerum Hill. Dubbed Atlantic Galleria, TD Bank, Blink Fitness and Michaels have already signed leases, and opening is expected later this year. SBLM Architects is designing the project.
SO Development Enterprises has filed applications for a three-story, 53-foot-tall manufacturing warehouse at the vacant parcel 2702 West 15th Street, on Coney Island near the Coney Island Creek. The building will measure 23,810 square feet, and Walter Marin of Marin Architects PC is designing. Filings were also submitted in January, but the latest plans have increased the scope of the project by 4,700 square feet.