With East New York’s rezoning now finalized, YIMBY recently revealed one of the first big developments coming to the neighborhood, at 1427-1429 Loring Avenue. Permits were also recently filed for a new complex at 3301 Atlantic Avenue/250 Euclid Avenue, at the end of January. Now, we have the first rendering for that building as well, which is being designed by Dattner Architects.
3301 Atlantic Avenue
Non-profit affordable housing developer Phipps Houses has filed applications for a 14-story, 403-unit mixed-use tower at 250 Euclid Avenue, a.k.a. 3301 Atlantic Avenue, in the Cypress Hills section of East New York. The project will encompass 415,476 square feet and rise 143 feet to its roof. There will be 20,977 square feet of ground-floor retail, followed by residential units across floors two through 14, The Real Deal first reported. The apartments should average 936 square feet apiece and will all be designated as affordable.
Affordable housing developer Phipps Houses is in contract to acquire the 300,000 square-foot, block-long property at 3301 Atlantic Avenue, in eastern Cypress Hill, for $38 million. The existing low-rise factory building is burnt-out following a fire in 2012.