NEW YORK | 1-11 Flatbush Ave (546-556 Fulton) | 210 FT | 19 FLOORS


#1

Continuing the discussion from NEW YORK | Flatbush Ave Corridor (DoBro + BAM + PP):

Permits Filed: 19-Story Building at 1 Flatbush Avenue

BY: STEPHEN SMITH ON OCTOBER 21ST 2014 AT 2:30 PM


1 Flatbush Avenue, before construction of 66 Rockwell Place; image from Bing Maps

In June, the New York Post’s Lois Weiss reported that a prime piece of land in downtown Brooklyn, at 1 Flatbush Avenue, where Brooklyn’s main street meets Fulton Street, had gone into contract to a team looking to redevelop it.

Now, YIMBY’s spotted the new building permit filing. It calls for a 19-story, 210-foot residential building of 160,000 square feet of total construction area, with a substantial retail component. The building would contain a bit more than 123,000 square feet of net residential space divided over 157 apartments, for a very rental-sized unit average of under 800 square feet. The developers will set aside 20 percent of its units as below-market housing in exchange for a slight density boost and tax breaks, as part of the city’s inclusionary housing program.

The nearly 20,000-square foot retail space would be divided across the first two floors. The development would sit on a triangular lot at the confluence of two major Brooklyn arteries, across the five-way intersection from where Fulton Street transitions from a car-choked thoroughfare to the Fulton Mall, reserved for buses and pedestrians and packed with shoppers patronizing the relatively downmarket shops on the strip.

The two lots are currently home to a bustling retail podium, with tenants like Golden Krust, Five Guys and H&R Block. The new building would sit right in front of 66 Rockwell Place, developed by Grosvenor Investment Management and the Dermot Company, and add some variation to the skyline in the form of a lower structure.

Goldstein Hill & West Architects filed for the new building permit. Slate Property Group is listed as the owner on the application, however the Post reported that Capstone Equities and the Carlyle Group bought the land.


#2

http://cdn.cstatic.net/images/gridfs/54ac48bcf92ea1368800b7a9/1_flatbush_03_2014_07_01_artist_rendering_page_3.jpg


#3


Credit: Tectonic and NYY

[QUOTE]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.[/QUOTE]

[URL=“http://www.yimbynews.com/2016/04/excavation-begins-on-19-story-157-unit-mixed-use-project-at-1-flatbush-avenue-downtown-brooklyn.html”]NYY[/URL]


#4

Beautiful!


#5

There was a pit dug out and machines and construction materials were present so I’m guessing they’re working on it.


Below, 66 Rockwell in the background. 1 Flatbush is in a good spot as it’s on the corner sandwiched by Flatbush avenue and Fulton street.



#6

This area has changed so much. Not necessarily better, depends on who you ask.


TECTONIC


#7

10/14


FW4A2093 by Kevin Leclerc, on Flickr


#8


TECTONIC


#9

12/14


#10


#11

2/18


#12

That black building across the street has to go!!


#13

I agree!


#14


#15

#16

#17

Pics by me. Taken today. 5/27/17


#18


#19

middle of the photo


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