Brooklyn

1555 Bedford Avenue

Mixed-Use Redevelopment Planned At Bedford-Union Armory At 1555 Bedford Avenue, Crown Heights

The New York City Economic Development Corporation (EDC) is allowing an undisclosed developer to redevelop the currently vacant, 138,000 square-foot Bedford-Union Armory property at 1555 Bedford Avenue, in western Crown Heights. According to DNAinfo, the former military facility will be transformed into residential units and a recreational facility. The domed portion of the facility will be home to a soccer field, three basketball courts, and a swimming poll, and will be operated by CAMBA. Along President Street, 13 townhouse units will be carved out of the building. The armory is low-rise in nature on its southern street front. Finally, a mixed-income residential building will be built from the ground up on the site’s eastern end. The entire project must pass through ULURP.


51 Jay Street

Seven-Story, 74-Unit Residential Project Officially Tops Out At 51 Jay Street, DUMBO

Last week, Brownstoner brought us a construction update on the seven-story, 74-unit residential redevelopment at 51 Jay Street, in DUMBO, and now YIMBY can announce the expansion project has officially topped out. Its residential units average 1,815 square feet apiece and have commanded one of the highest price per-square-foot figures in the neighborhood, selling at $2,083 per-square-foot. The building is nearly 75 percent sold, as reported earlier, and move-ins are expected sometime next summer or fall. Residents will have a slew of amenities available to them, and 1,333 square feet of retail space is planned on the ground floor. Slate Property Group and Adam America Real Estate are the developers, while ODA Architecture designed the project.



74 Kent Street

Three-Story Office & Retail Conversion Underway At 74 Kent Street, Greenpoint

In mid-2014, Caerus Group acquired the three-story former Eberhard Pencil Factory building at 74 Kent Street, in Greenpoint, for $7.5 million. Now, the developer is converting the landmarked, 17,413 square-foot property into commercial space, according to Commercial Observer. Office space will be located on the second, third, and cellar levels, while retail space will occupy the ground floor. Each floor will feature outdoor space and 6,000 square feet of green space is planned on the roof. Hustvedt Cutler Architects is designing the conversion and completion is expected in the first half of 2016.



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