Over a year ago, the three-story office building at 570 Fulton Street, in Fort Greene, hit the market as a development site, and now Slate Property Group, Meadow Partners and a third unknown developer have acquired the property for $23 million. The site has 72,000 square feet of development rights, or 86,000 square feet with the inclusionary housing bonus, and condominiums are likely planned. The developers are also working on a 16-story, 126-unit mixed-use building at 1 Flatbush Avenue, located adjacent to 570 Fulton.
Out of all the towers currently under construction in Manhattan, the most significantly relative to its surrounding neighborhood is likely 45 East 22nd Street. The Kohn Pedersen Fox-designed building will eventually stand 777 feet tall, but it’s already poking above the local concrete jungle, and its sloped cantilever is also now obvious, per the latest from Tectonic.
The Bushwick-Bed-Stuy borderlands are the final frontier for cheap rents and inexpensive development in both neighborhoods, and today we have a rendering for a project at 1004 Gates Avenue in Ocean Hill, courtesy of prolific Brooklyn developer The Loketch Group.
The Third Avenue Elevated once ran through East Tremont, linking it with Manhattan all the way down to Chatham Square, in what is now Chinatown. The decaying wooden house at 772 East 182nd Street was likely built around the same time as the elevated, in the first few years of the 20th century. After the city suspended the elevated service in the 1950s and ’60s, the area began to slide into abandonment and poverty. But the neighborhood is slowly rebounding with the arrival of small, market-rate construction projects. Yesterday, new building applications were filed for a seven-story, 18-unit development that would replace the old house at 772 East 182nd Street, just west of the Bronx Zoo.
In the beginning of August, YIMBY posted a construction update on the 52-story, 586-unit mixed-use building at 250 Ashland Place, in Fort Greene/DoBro, and now the building appears to have topped-out, per the Brooklyn Daily Eagle. Cladding installation is moving quickly, and windows are also now up to the 20th floor. The ground floor will contain 10,800 square feet of retail, as well as 8,000 square feet of office space. Gotham Organization is developing while FXFOWLE Architects is designing, and completion is expected in 2016.