Kai Management

1024 Gates Avenue

Six-Story, 50-Unit Residential Project Completed at 1024 Gates Avenue, Ocean Hill

Back in October of 2014, construction was underway to convert the single-story Roosevelt Savings Bank building at 1024 Gates Avenue, in far-northern Ocean Hill, into a six-story, 50-unit residential building. Four floors were added to the interior of the existing bank building, at which point the structure received a single-story vertical expansion (its sixth floor). Now, construction has entirely wrapped up. Dubbed the Brooklyn-Roosevelt, leasing is underway for some of its studios and one-bedrooms, Curbed NY reported. The units, averaging 699 square feet apiece, are rental apartments, and amenities include a café, a fitness center, laundry facilities, bike storage, a lounge/club, a yoga room, a 12-seat movie theater, and on-site parking. Kai Management is the developer, while Queens-based NuAn Design Corporation is behind the architecture. Occupancy is expected in June and July, although some of the amenities won’t be ready until the fall.


205 Beach 29th Street

Three-Story, 15-Unit Residential Building Filed At 205 Beach 29th Street, Far Rockaway

Kai Management, doing business as a Brooklyn-based LLC, has filed applications for a three-story, 15-unit residential building at 205 Beach 29th Street, in Far Rockaway, five blocks south of the Beach 25th Street stop on the A train. The building will measure 11,833 square feet in total, which translates into an average unit size of 789 square feet. The parcel of land is vacant, and Genaro Urueta’s Maspeth-based GRU Corporation is the applicant of record.


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