Construction has topped out on the four-story, eight-unit mixed-use building under development at 325 Henry Street, also known as 112 Atlantic Avenue, located in Cobble Hill. All eight of the project’s condominiums are also sold out, the Brooklyn Daily Eagle reported. The latest building permits indicate the structure encompasses 25,244 square feet and rises 50 feet to its roof, not including bulkhead elements.
Avery Hall Investments
An investment group has acquired, for $76.5 million, Brooklyn Law School’s four-story, 40,000-square-foot office building at One Boerum Place, located on the corner of Fulton Street in Downtown Brooklyn. The group includes Avery Hall Investments, Allegra Holdings, and Aria Development Group, the Wall Street Journal reported. Although plans are not final, the development team expects to build a 160,000-square-foot mixed-use tower at the site. The project would include residential units and commercial space, possibly in the form of retail and/or offices. Demolition permits have not been filed for the 13,290-square-foot site’s current building, although groundbreaking is expected sometime next year.
After months of negotiations with the community, developer Avery Hall Investments has agreed to amendments to its two-building, mixed-use development planned at 120 Fifth Avenue, located on the corner of Baltic Street in Park Slope. When the plans were initially presented in February, YIMBY reported that the 196,000-square-foot project would include 165 residential units and 52,000 square feet of retail. Twenty-five percent, or 41 units, would rent at below-market rates through a lottery and 7,500 square feet of the retail space would be designated for a grocery store.
Avery Hall Investments is developing upscale apartments all over brownstone Brooklyn, and their latest project is headed to 145 President Street, in Carroll Gardens. The East Village-based builder filed new building applications for the project yesterday, and YIMBY spotted this rendering of it on their website.
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.