Permits have been filed for a two-tower, 17-story mixed-use building at 840 Atlantic Avenue in Prospect Heights, Brooklyn. Located between Atlantic Avenue and Pacific Street on Vanderbilt Avenue, the lot is near the 2, 3, 4, 5, N, Q, and R trains at the Atlantic Avenue-Barclays Center station, and the Long Island Railroad at Atlantic Terminal. Tom Li of Suzuki Capital is listed as the owner behind the applications. In September 2021, New York City Council approved proposals to construct a new 18-story mixed-use building, developed by Atlantic-Vanderbilt Holdings LLC and designed by IMC Architecture, with a mix of market-rate and income-restricted apartments, retail space, a community arts center, and a sub-grade parking garage.
840 Atlantic Avenue
The New York City Council has approved proposals to construct a new 18-story mixed-use building at 840 Atlantic Avenue in Prospect Heights, Brooklyn. Designed by IMC Architecture and developed by Atlantic-Vanderbilt Holdings LLC, the structure will contain a mix of market-rate and income-restricted apartments, retail space, a community arts center, and a sub-grade parking garage.
Brooklyn Borough President Eric Adams rejected proposals to rezone a large assemblage of lots that would have supported a new 18-story mixed-use property in Prospect Heights. The proposed development site is located at 840 Atlantic Avenue and was projected to yield 300 rental apartments including up to 95 affordable housing units, 51,000 square feet of lower-level retail, and a 7,490-square-foot dance studio.
A new 18-story tower could take shape at the busy intersection of Atlantic and Vanderbilt Avenues in Prospect Heights, Brooklyn. The development site comprises seven neighboring lots and is referred to as 840 Atlantic Avenue.