Development partners LIVWRK and CIM Group have launched sales this week for 111 Montgomery, a new condominium tower in Crown Heights, Brooklyn. The 12-story structure is located on the northeast boundary of Prospect Park adjacent to the Brooklyn Botanic Garden, and will offer 163 residences.
111 Montgomery Street
In an exclusive reveal, co-developers CIM Group and LIVWRK have released new renderings of their forthcoming condominium property at 111 Montgomery in Crown Heights, Brooklyn to YIMBY. The developers have also launched a teaser site for prospective buyers.
The 21,906-square-foot development site at 109 Montgomery Street, in southwestern Crown Heights, has recently changed hands for $24.5 million. Cornell Realty is likely the new owner, according to the Brooklyn Daily Eagle. The site has been approved for a 12-story, 162-unit residential building, which YIMBY revealed renderings of back in October of 2015. The latest permits indicate the building will encompass 168,236 square feet. If the new owner builds the current plans, the residential units, ranging from studios to three-bedrooms, should average 814 square feet apiece. Amenities include a 71-car underground garage, a pet spa, private residential storage, storage for 81 bikes, outdoor terraces on the ground, second, and rooftop levels, and a fitness center. Karl Fischer is the architect. Demolition permits indicate crews will begin to raze the existing single-story warehouse imminently. The site is located five blocks south of the Franklin Avenue stop on the 2/3 and 4/5 trains and Franklin Avenue Shuttle.
One of the largest new residential projects filed in Crown Heights last year was 111 Montgomery Street, a 12-story apartment building planned for a lot next to the Brooklyn Botanic Gardens. Developer PWR Holdings has put the site on the market, and YIMBY has a rendering for the building that could rise there.
PWR Holdings has placed the development site at 111 Montgomery Street, in western Crown Heights, on the market with an asking price in the mid-$40 million, according to Commercial Observer. The 22,000 square-foot site boasts 168,000 square feet of development rights. New building applications were filed to build a 12-story, 173-unit apartment building on the property in March.