Heritage Equity Partners recently secured $53 million in construction financing to build a new multifamily rental property in Sunset Park, Brooklyn. The property is located at 875 4th Avenue in an area colloquially referred to as South Slope and will yield 150 units.
25 Kent Avenue in North Williamsburg, Brooklyn is designed by Hollwich Kushner with Gensler as the design development architect. The eight-story building features a distinctive stepped massing and spans an entire city block, yielding half a million square feet of office space with 15-foot ceilings. The project is developed by Rubenstein Partners and Heritage Equity Partners, who are continuing to fill the property and aim for full occupancy by the middle of 2021. 25 Kent Avenue is the first commercial office building to be constructed in the area in more than 40 years.
A new 13-story, 200-foot-tall office building with retail and for-profit exposition space has been proposed with zoning changes for 215 Moore Street, in Bushwick, Brooklyn. According to an Environmental Assessment Statement for the through-site, the development would contain 375,824 square feet of office space, 16,026 square feet of retail, 79,592 square feet of exposition space, and 249 parking spaces.
It was only last summer that the latest major addition to Williamsburg’s nascent office development boom had received a special permit from the City. Now, construction on 25 Kent Avenue is well underway, with the latest from 5B Films showing the first floor beginning to rise.
19 Kent Avenue will become one of the largest office buildings in Williamsburg, but before the project’s current configuration, it was conceived as a potential mix of hotel and retail space. Workshop DA has renderings…