We have a bit of a theme going this week: updates from Baltic Street in Brooklyn. On Tuesday, we told you about the Baltic Park Slope at 613 Baltic Street. On Thursday, we told you about the rentals at 577 Baltic Street. Now, we have a report Adam America Real Estate’s “high-end” rentals under construction at 595 Baltic Street.
It has been about five-and-a-half months since we checked in on JDS Development Group’s new endeavor at 613 Baltic Street, in Park Slope. Back then, it had just topped out. Now, behind scaffolding, façade installation is underway at every level of the 11-story building.
After months of negotiations with the community, developer Avery Hall Investments has agreed to amendments to its two-building, mixed-use development planned at 120 Fifth Avenue, located on the corner of Baltic Street in Park Slope. When the plans were initially presented in February, YIMBY reported that the 196,000-square-foot project would include 165 residential units and 52,000 square feet of retail. Twenty-five percent, or 41 units, would rent at below-market rates through a lottery and 7,500 square feet of the retail space would be designated for a grocery store.
Back in October of 2015, the Landmarks Preservation Commission (LPC) approved plans to redevelop the multi-story Pavilion cinema, at 188 Prospect Park West, located on the corner of 14th Street in southern Park Slope, into a smaller movie theater and 24 condominium units. Those plans have now been scrapped entirely, in favor of a simpler renovation, the New York Times reported. The existing Pavilion structure, acquired by an anonymous LLC in August for $28 million, will be renovated to accommodate a Nitehawk Cinema, dubbed Nitehawk Prospect Park. The new theater will include seven screens for a total of 650 seats, two bars, dining services, and a restored interior atrium. Existing operations at the Pavilion will end in October, and the renovation is expected to take a year to complete. Hidrock Properties still owns the adjacent single-story property where an expansion would have occurred. Of course, any exterior alterations that go into the the cinema renovation will have to be approved by the LPC.
Just last week, a rendering was revealed of the planned eight-story condominium project coming to 137 Fourth Avenue (a.k.a. 334 Butler Street), in northern Park Slope. Now, official new building applications have been filed with the Building Department. The development will measure 18,106 square feet and will contain 1,385 square feet of commercial-retail space on the ground floor. Thirteen residential units will be located on the second through eighth floors, average 967 square feet apiece. Two duplex penthouses will occupy the seventh and eighth floors. Amenities include private residential storage, a fitness center, and a rooftop terrace. Arbie Development is the developer and ARC Architecture + Design Studio is the architect. A three-story townhouse must first be demolished. Completion is expected in 2018.
