Rental development has been tearing through central Brooklyn lately, moving past established areas and into neighborhoods like Crown Heights and Bed-Stuy. But closer in, there are still some sites remaining for higher-end condo buildings, and Orange Management, headed by Andrew Bradfield, seems to have found one.
502 Waverly Avenue, rendering via Orange Management
The firm last appeared on this site with an eight-story project in the East Village, and today they’re linked to 502 Waverly Avenue in Clinton Hill. Permits for the condo building were filed today, and YIMBY came across the above drawing of the project on the developer’s website. While not quite a full-fledged rendering, it shows a clean, curving glass façade, broken up by white framing and gray spandrel.
The 49-unit building (or 55 units, according to the developer’s site) would rise 78 feet or seven stories, and contain 34 parking spaces and 7,128 square feet of commercial space, per the building permit. The total construction area of the project is 62,719 square feet, or 53,925 square feet on net. The architect of record is listed as New York City-based Gerner Kronick + Valcarcel, who also designed the Brooklyner, the borough’s tallest building, plus a few other rental buildings in Manhattan.
The site – a prominent one at the corner of Fulton Street and Waverly Avenue, on top of the Clinton-Washington C train stop – is currently used as a surface parking lot. It was scooped up from its previous owner, a nearby funeral home, for $9.2 million late last year. The building would share the block with 525 Clinton, a recently-built 13-story rental tower.
Completion is projected for 2016, according to Orange Management’s website, though the developer could not be reached to further clarify the construction timeline.
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Please give me more info regard pricing on 502 Waverly Ave. in Brooklyn. Thank you.