Construction is progressing on 120 5th Avenue, a six-story mixed-use building in Park Slope, Brooklyn. Designed by SLCE Architects and developed by William Macklowe Company and Senlac Ridge Partners, the 300,000-square-foot structure will yield 180 rental units, with 45 designated as affordable housing, as well as 45,000 square feet of commercial and retail space and Brooklyn’s first Lidl supermarket spanning 25,000 square feet. Noble Construction Group is the general contractor for the 1.8-acre property, which is alternately addressed as 680 Baltic Street and bound by 5th Avenue, Baltic Street, and Butler Street.
Recent photos show the steel-framed superstructure rising on the southernmost portion of the property, while the reinforced concrete foundations for the northern sibling is finished and awaiting further work on the inner structural elements.
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Photo by Michael Young
Additional exterior renderings depict the street-level condition of the complex.
Looking from the intersection of 5th Avenue and Baltic Street
The publicly accessible pedestrian plaza connecting Butler Street and 5th Avenue
Rendering of retail row and streetscape at 120 Fifth Avenue in Park Slope, Brooklyn
Rendering of pedestrian corridor at 120 Fifth Avenue in Park Slope, Brooklyn
William Macklowe Company and Senlac Ridge Partners acquired the site from Avery Hall Investments for $59 million in 2020. Last year, they secured $142.9 million in construction financing. Sumitomo Mitsui Trust Bank provided the construction loan and Cushman & Wakefield represented the developers’ joint venture. A CVS pharmacy and a Wells Fargo bank will open as part of the commercial and retail space at 120 5th Avenue.
Residential amenity spaces will include a fitness center with private studio space, a children’s playroom, a private event space, a communal lounge, an enclosed parking garage for 180 vehicles, coworking spaces, and landscaped outdoor spaces shared with the public connecting Butler Street and 5th Avenue.
120 5th Avenue’s anticipated completion date is slated for the fall of 2024, as noted on site.
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180 parking spots is insane.
And you can’t use PTACs and call it luxury. That era is over.
It’s a major supermarket. Half of those spots are most likely hourly for the shoppers. Trader Joe’s and Whole Foods in WBurg have underground parking for the same reason.
Just what we need more pollution and congestion in the neighborhood.
enclosed parking garage for 180 vehicles
Taking long enough! Slowest development in the neighborhood.
Affordable for high middle, and market rate earners, that’s the definition of affordable housing, especially in better off neighborhoods
Also just what the neighborhood doesn’t need !
A CVS pharmacy and a Wells Fargo bank will open as part of the commercial and retail space at 120 5th Avenue.