Today was a busy day for filings on Bed-Stuy’s gentrifying fringe. First, there was an application submitted for a 32-unit building at 1325 Herkimer Street, nearly at Broadway Junction.
Later, an application showed up at the Department of Buildings to construct a larger residential building a bit closer in, but still well past the prime part of Bed-Stuy. The filing is for a 118-unit building at 21 Kane Place, also with the address of 1875 Atlantic Avenue, on the corner of Columbus Place (the Kane Place address comes just from a 25-foot-wide protrusion through the block). The site sits one short block to the west of Ralph Avenue.
The 118 apartments would be spread over 80,000 square feet of residential space (at least, we think – like many filings, this one is quite sloppy, with only 21,000 square feet of residential space indicated), for an average unit size of under 700 square feet, with 17 or 18 apartments per floor. There would also be an open parking area with room for 59 cars, the exact number required by the zoning code.
Borough Park-based Velocity Framers USA is the developer, led by Solomon Feder (whose name we fear is an omen of the air conditioning to come); Hasidic favorite Julien Flander is the architect.
The land last traded in 2013 to an entity called NYC Partnerhsip Housing Development Fund Company, which may indicate that it will be a subsidized project. The price was $2.7 million, or $34 per buildable square foot. The development was made possible by the 2007 Bedford-Stuyvesant South rezoning, which enabled higher-density development than the old R6 designation.
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