Construction is moving along at 98 Front Street in DUMBO, Brooklyn. The ten-story residential project is designed by ODA and will feature a range of condominium units from studios to four-bedroom homes with over 100 distinct layouts, starting at $670,000. New York-based real estate investment group Hope Street Capital launched sales last month.
Hope Street Capital
New York City-based real estate investment group Hope Street Capital has officially launched sales for 98 Front Street, a new ten-story condominium development in DUMBO, Brooklyn. With pricing starting at $670,000, residences range from studios to four-bedroom homes with over 100 distinct layouts.
A tipster’s photos of the impending 10-story residential project at 80 Adams Street in Dumbo, Brooklyn shows progress on the foundations, which are now being poured and laid with concrete and rebar. 165 units will occupy a site that previously featured a Jehovah’s Witness parking garage. The site was bought for around $60 million and is currently owned by Jeffrey Gershon of Hope Street Capital. ODA is the designer of the new building, which will eventually rise 120 feet above the streets below, and contain nearly 186,000 square feet of interior space. Triton Construction Company is the general contractor.
The first permits are up for a ten-story mixed-use building at 98 Front Street in Dumbo, Brooklyn. The site is two blocks from the York Street Subway Station, serviced by the F trains, and five blocks away from the High Street-Brooklyn Bridge Station, serviced by the A and C trains. This gives it quick access to Manhattan and Downtown Brooklyn. Hope Street Capital will be responsible for development.
In January, the Landmarks Preservation Commission approved plans for a new apartment building at 906 Prospect Place, between New York Avenue and Brooklyn Avenue in Brooklyn’s Crown Heights North Historic District II. That plan is going forward, but with a new developer.