Last August, GPB Realty Capital entered contract on a vacant slice of property at 211-215 Schermerhorn Street in Downtown Brooklyn. Now they’ve filed plans for a 14-story mixed-use building there between Hoyt and Bond Streets.
The 140-foot-tall building would hold 47 apartments, stacked on top of 5,300 square feet of retail. Those 47 apartments would be distributed across 68,798 square feet of residential space, creating 1,460-square-foot average units. Condos seem pretty likely, since the units will be quite large.
After the ground-floor retail space, each upper floor would hold three to four units. One top floor unit would get a private roof deck, and the rest of the residents would have access to a shared roof deck next door.
Chelsea-based GBP has not yet purchased the site, which hit the market last year for $30 million. But the permits list them as the owners. Morris Adjmi Architects will design the project, and hopefully they’ll dream up something much better than the nondescript, glassy behemoths that populate much of Downtown Brooklyn.
In terms of transit access and retail, this site is ideal. The A, C, and G trains are only steps away at the Hoyt-Schermerhorn subway stop, and Macy’s Brooklyn flagship is around the corner. And Fulton Street offers plenty of shops only two blocks away, including the nearly complete City Point mall and retail staples like Nordstrom Rack, H&M, and Gap.