Construction has topped out on 1057 Atlantic Avenue, a 17-story residential building in Bedford-Stuyvesant, Brooklyn. Designed by dencityworks and developed by Douglaston Development, the sprawling 474,000-square-foot structure will yield 456 rental apartments in studio to three-bedroom layouts, with 137 units reserved for affordable housing, as well as 35,000 square feet of amenities and 31,000 square feet of ground-floor retail space. Levine Builders is the general contractor for the $320 million project, which was formerly addressed as 1045 Atlantic Avenue and is located between Classon and Franklin Avenues.
Recent photographs show the reinforced concrete built to its pinnacle, with an array of formwork aiding in the settling of the final stories. The narrow eastern and western faces are in the process of being framed out with CMU blocks and crews are readying to begin installation of the façade on the wide southern elevation.
The main rendering for 1057 Atlantic Avenue shows a large massing stretching the full length of the property, with the main southern elevation broken up in to five protruding volumes with alternating 12- and 13-story setbacks. The façade on these lower volumes is composed of a mix of red, black, and beige paneling framing an irregular grid of floor-to-ceiling windows. Above, the exterior transitions to a glass curtain wall interspersed with black paneling. Four notched pocketed terraces are spread across the two levels below the flat parapet, which is shown topped with a terrace.
Amenities will include a gym, a communal lounge, a golf simulator, a game room, a screening room, a children’s playroom, and a landscaped rooftop deck with unobstructed views over the entire neighborhood.
Douglaston Development purchased the rectangular parcel for $66 million from a partnership led by BEB Capital and Totem, which assembled the site from 2019 to 2020, and obtained a rezoning to allow for residential use. The developer also secured $185 million in construction financing from Wells Fargo Bank. 1057 Atlantic Avenue was one of the final new housing developments to qualify for a long-term tax exemption under the now expired Affordable New York Housing Program. Foundation work commenced in May 2022.
“We are excited to celebrate this topping-out milestone as we move one step closer to delivering a vitally needed affordable housing option and market-rate offering to the Bed-Stuy community,” said Jeffrey E. Levine, founder and chairman of Douglaston Development. “We look forward to the continued advancement of the project through its next phases alongside all partners involved and to welcoming residents to their new home upon completion.”
“I am proud of the outstanding, dedicated team we have here at Levine Builders,” said Paul Finamore, CEO of Levine Builders. “Their efforts, along with our subcontracting community, have made reaching this project milestone not only possible, but a pleasure to be part of. This topping out is a testament to the hard work and coordination of hundreds of people each and every day, and I would like to congratulate them all on a job well done.”
1057 Atlantic Avenue’s anticipated completion date is slated for April 2026, as noted on site.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
More of this on Atlantic, please. Great job to Totem for the vision on this site!
Yep
Let’s see how much the income will be to apply for this building. Some affordable housing isn’t affordable.
So beautiful
Really great project. So many single story buildings and surface lot properties are available for more of this.
Entire length of Atlantic will hopefully be lined with this.
That’s beautiful! I wish we could get buildings like this in Chicago. This is just a typical day in NYC though.
It wouldn’t take me eight hours to see and read, about the progress currently being developed. Very nice affordable housing option: Thanks.
What a shame that out 456 apartments, only 137 are affordable.
While the city give builders large tax breaks, the builders are not setting aside enough affordable apartments.