The Brooklyn Navy Yard Development Corporation (BDNYC) has announced the successful acquisition of $42 million in financing for the renovation of “Building 127.”
Located at 1640 Flatbush Avenue, plans for a new 145-foot-tall and 13-story mixed-use building to be designed by S9 Architecture and developed by SL Green Realty Corporation are now heading to the city for approval. Just a short walk from Brooklyn College, the new structure would have 115,056 square feet of new space, with 114 residential units. About thirty percent will be affordable, totaling 34, and the remaining 80 will let for market rates. Retail opportunity will be on the first two floors taking nearly 30,000 square feet.
New Rochelle‘s Industrial Development Agency will consider a new 23-story project located at 277 North Avenue. The tower will include a mix of market rate and affordable rental units above lower-level retail and an adjacent enclosed parking structure.
Major progress has been made for Dock 72, a 16-story commercial office building rising in the Brooklyn Navy Yard. Incredibly, it is the first ground-up office building to rise in Brooklyn since MetroTech in the 1980’s. The development is a joint venture with Rudin Management and Boston Properties, with WeWork co-developing and handling amenities. WeWork will occupy nearly a third of the building.
Permits have been filed for a 19-story mixed-use high-rise at 201 East 125th Street, in East Harlem. The sizable development will rise one block away from the 125th Street Subway Station, serviced by the 4, 5, and 6 trains. The Harlem-125th Street Station for the Metro-North trains is one block further. The Richman Group will be responsible for development.