Avery Hall Investments may be fighting Park Slopers to redevelop a Key Food on Fifth Avenue, but a dozen blocks north in Boerum Hill, their condo project is rising fast. YIMBY reader Tectonic recently swung by the site and brought us some shots of the progress.
465 Pacific Street
Back in August of 2015, developers broke ground on the two-building, 30-unit condominium development planned at 465 Pacific Street (a.k.a. 472 Atlantic Avenue), in Boerum Hill. Brownstoner now reports the southern seven-story portion, located on Pacific Street, has topped out, and the six-story portion, being built on Atlantic Avenue, is three stories above street level. The entire project will encompass 84,767 square feet, and the northern building will include 6,982 square feet of ground-floor retail space. The condos will come in one- to five-bedroom configurations and 14 of them will feature private outdoor space. Amenities include a lounge, a children’s playroom, a gym, a 1,300-square-foot rooftop terrace, and storage space. Aria Development Group and Avery Hall Investments are developing, and Morris Adjmi Architects is designing. Completion is expected in late 2017.
After revealing the first rendering for the building, YIMBY reported on the summer ground-breaking of 472 Atlantic Avenue/465 Pacific Street, in Boerum Hill, and now The New York Times has a day-time image of the project, along with new details. Condominiums will come in one- to five-bedroom configurations, though the majority will be family-sized with three bedrooms, measuring roughly 1,400 square feet apiece. Stribling Marketing Associates is the broker, Avery Hall Investments and ARIA Development Group are developing, and Morris Adjmi Architects is designing, with completion currently anticipated for the winter of 2017.
YIMBY revealed the seven-story, 30-unit mixed-use building planned at 472 Atlantic Avenue (aka 465 Pacific Street) in Boerum Hill, late last year, and now developers Avery Hall Investments and ARIA Development Group have landed a $34.2 million construction loan, according to Crain’s. The team broke ground on the 85,000 square-foot condo project this week, which will include 15,000 square feet of ground-floor retail space, and completion is expected in early 2017. Morris Adjmi is the architect of record.
525 East 73rd Street [Commercial Observer]: The sale of 525 East 73rd Street has officially closed, with Memorial Sloan-Kettering paying a sum of $226 million per city files. Construction can now begin on a two-tower, 1.2 million square-foot medical complex, and “site preparation will resume within several weeks.”