Hello Living’s Eli Karp is developing buildings across Crown Heights, Prospect Lefferts Gardens and Flatbush, and now he’s filed plans for a 10-story rental building at 1520 Fulton Street in Bed Stuy.
Plans call for 50 apartments spread across 46,642 square feet of residential space, for an average unit size of 932 square feet. There would be four apartments on the second floor, six on the third, and nine units a piece on floors four through 10. The ground floor would house 9,100 square feet of ground floor retail.
A 25-car garage would occupy the cellar, along with 25 bike parking spots. Renters could enjoy shared amenities on the second floor, including an outdoor terrace and indoor recreational space (likely a lounge or gym). The roof would have a few private terraces for the top floor units.
Prospect Heights-based architect Vincent Martineau will design the 100-foot-tall building. This development would replace a sizable Sunoco gas station on Fulton Street between Kingston and Albany Avenues, conveniently located across the street from the Kingston-Throop C train stop. The Real Deal was the first to write about the project earlier today.
The property measures 12,000 square feet total and has 120 feet of frontage along Fulton, which would offer valuable street-level commercial space for a large retailer, a restaurant, or several small shops.
Hello Living just picked up the site in March for $7,350,000, or roughly $145 per buildable square foot, according to public records. By our count, the developer now has 17 projects either finished or under construction throughout central Brooklyn, including this unusual tower in the works at 1580 Nostrand Avenue in Flatbush.