Today, YIMBY has the exclusive first look at renderings of 1 Flatbush Avenue’s interiors and exteriors. The structure, triangularly shaped at the intersection of Flatbush Avenue and Fulton Street, will be adding new rental apartments to Downtown Brooklyn, 20% of which will let at affordable rates. Slate Property Group and Meadow Partners are responsible for the development.
Permits have been filed for an eight-story residential development at 875 Fourth Avenue in Greenwood Heights, Brooklyn. The site is three blocks from the 36th Street subway station, serviced by the D and R trains. The existing gas station was sold to Heritage Equity Partners for $19.8 million. The firm’s Toby Moskovits is listed as behind the applications.
Glenmore Manor Apartments is the second residential property announced in updates to the city’s $1 billion infrastructure and affordable housing plan designed to reinvigorate Brownsville, Brooklyn. The apartments will occupy an assemblage of land at the intersection of Christopher Avenue and Glenmore Avenue, and Think! Architecture + Design is the project architect.
Permits have been filed for a four-story residential building at 1027 Rev. James A. Polite Avenue in Foxhurst, The Bronx. The site is three blocks from the Intervale Avenue subway station, serviced by the 2 and 5 trains. Ten blocks away is Hunts Point Avenue, serviced by the 6 trains. Gjek Popaj is listed as responsible for the development.
While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.