Alma Realty

475 St. Marks Avenue

Owners Converting Vacant Office Space At 475 St. Marks Avenue Into 13 Apartments, Crown Heights

Property owner Alma Realty Corp. has filed applications to convert the ground and second floors of the 14-story, 120-unit mixed-use building at 467-475 St. Marks Avenue, in western Crown Heights, located six blocks south of the Franklin Avenue stop on the C train. According to DNAinfo, the owners will be converting all of the vacant medical space to 13 residential units. The entire property has 17,218 square feet of community space for medical facilities, although the methadone clinic on the Bergen Street side of the property will remain. Once the Department of Buildings approves the filings, the conversion project should proceed quickly. Flushing-based Panagis Georgopoulos is the architect of record.

43 Madison Street

Residential Conversion Planned For Factory At 43 Madison Street, Paterson, New Jersey

Alma Realty is converting the enormous William Strange factory — on the block bound by Beech, Madison, Morton and Essex streets, in Paterson, New Jersey — into a residential complex, according to The four- and three-story buildings, with two central courtyards, will house a total of 240 apartments. Some buildings have already been renovated, but completion of the entire complex is expected by mid-2016.

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