Avery Hall Investments is in contract to purchase the grocery store at 120 Fifth Avenue, in northern Park Slope, according to DNAinfo, and plans to close on the site in the second half of 2016. The developer is planning a mixed-use building with residential units and commercial space, although details have yet to be hammered out. A Key Food currently occupies the site, which is reportedly one of the largest development sites in the neighborhood.
Avery Hall Investments
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.
Earlier this year, Avery Hall Investments, in partnership with Angelo Cosentini’s OTL Enterprises, picked up a three-story walk-up building on a 20-foot-wide lot at 161 Columbia Street, wedged in between a four-story building and a vacant lot….
On the border of downtown Brooklyn and Boerum Hill, a new seven-story luxury residential building is in the works, according to a permit application filed with the Department of Buildings this morning by architect Morris Adjmi….