Hornig Capital Partners

Ground Broken for Two-Building, 314-Affordable-Unit Mixed-Use Project at 4511 Third Avenue, Belmont

11:00 am on September 20, 2016 By Reid Wilson

Over the summer, YIMBY revealed a rendering of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. Details for separate 12-story, 133-affordable-unit mixed-use project down the street at 4439 Third Avenue were also included. The developers, SBS Health System, L+M Development Partners, and Hornig Capital Partners, have recently broken ground on the project. The new buildings will measure 294,207 square feet and 145,952 square feet, respectively.

95 Evergreen Avenue, August 22, 2016. Photos by the author unless indicated

Inside the Adaptive Reuse of Former Schlitz Brewery at 95 Evergreen Avenue, Bushwick

4:00 pm on August 23, 2016 By Evan Bindelglass

Adaptive reuse is more than a buzzword. It’s one big way for cities to keep their pasts from ending up in landfills. Structures for which the originally intended use is no longer viable are converted for another purpose.

Reveal for 11-Story, 181-Affordable-Unit Mixed-Use Building at 4511 Third Avenue, Belmont

6:00 am on July 12, 2016 By Reid Wilson

A rendering has been revealed of the 11-story, 181-affordable-unit mixed-use building planned at 4511 Third Avenue, in the Belmont section of the Bronx. The 294,207-square-foot, thru-block development (consisting of seven- and 11-story components), will host 57,549 square feet of medical space on the ground and second floors and 10,127 square feet of ground-floor retail, as YIMBY reported in February. The rental apartments above, all of which will rent at below-market rates, should average 928 square feet apiece. Amenities include a 128-car garage, storage for 96 bikes, laundry facilities, and multiple outdoor terraces. The SBH Health System (St. Barnabas Hospital, located across the street) will utilize the medical space, as well as operate a 10,800-square-foot terrace geared towards exercise for the building’s tenants.

Commercial Conversion Planned at Three-Story, 67,000-Square-Foot Industrial Building, 1519 Decatur Street, Ridgewood

1:00 pm on May 26, 2016 By Reid Wilson

Hornig Capital Partners and The Brickman Group have acquired, for $10 million, the three-story, 67,236-square-foot industrial building at 1519 Decatur Street (a.k.a. 1085 Irving Avenue), in Ridgewood, located four blocks from the Halsey Street stop on the L train. The new owners plan to convert the property into modern commercial space, according to Real Estate Weekly. It’s not known what specific commercial tenants the building will be geared to, but the space will be flexibly divisible. The gut-renovation will cost roughly $6 million and financing has already been secured. The structure was built in 1929 and contains large floor plates.

95 Evergreen Avenue, rendering by Fogarty Finger

Revealed: Schlitz Brewery Redevelopment, 95 Evergreen Avenue, Bushwick

7:45 am on September 22, 2015 By Rebecca Baird-Remba

The controversial redevelopment of Bushwick’s Rheingold Brewery has attracted plenty of press in recent months, but the another huge brewery complex across the street is about to get a new lease on life. A group of investors paid $33.7 million for the former Schlitz bottling plant at 95 Evergreen Avenue in January, and now they’ve released renderings of its future as offices and retail.

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