A rather sad little three-story storefront with apartments above it has been neglected for years at 1516 Fulton Street, on the corner of Throop Avenue and across the street from the entrance to the C train. But a new owner has taken over the site and plans to expand it to an eight-story apartment building.
As the clock ticks down to the state’s 421-a renewal deadline on June 15, developers are wondering how they’ll fare if condos no longer qualify for the tax abatement. Companies building lower cost apartments on the fringes of the city will likely be the hardest hit, since the tax break helps attract buyers to less desirable neighborhoods.
Prolific Brooklyn condo developer Hello Living unveiled their plans last year for eight townhouses at Underhill Avenue and Pacific Street in Prospect Heights, and now YIMBY has the first glimpse of what the interiors will look like.
Hello Living’s Eli Karp is developing buildings across Crown Heights, Prospect Lefferts Gardens and Flatbush, and now he’s filed plans for a 10-story rental building at 1520 Fulton Street in Bed Stuy.
Back in August of 2014, YIMBY brought you news about a five-story, eight-unit mixed-use building planned at 1967 Bedford Avenue, in Prospect Lefferts Gardens. Now The Q At Parkside spotted renderings for the project, which is being designing by Gerald Caliendo. The lot is currently vacant, and completion is expected in Fall 2016.