Brooklyn Boro

The Atlantic Avenue Shell station site is a sold-out condo project

Eye on Real Estate: Plus other Brooklyn construction updates

January 18, 2017 By Lore Croghan Brooklyn Daily Eagle
This Cobble Hill condo building, 325 Henry St., is taking the place of a Shell gas station. Rendering courtesy of Corcoran Group

The Shell station is gone, gone, gone.

It sat on a prime Cobble Hill Historic District corner, at 112 Atlantic Ave.

In its place, the skeleton of a four-story condo building is taking shape behind a construction fence.

Avery Hall Investments and OTL Enterprises are the developers of 325 Henry St., which is the property’s side-street address.

There are signed sale contracts for all eight apartments in the building — which will have an automated parking facility for residents. The asking prices ranged from $5.495 million for a five-bedroom unit to $1.975 million for a two-bedroom apartment, listings on Corcoran Group’s website indicate.

DAILY TOP BROOKLYN NEWS
News for those who live, work and play in Brooklyn and beyond

There were bidding wars on a few units — especially the ones on the second floor with big outdoor spaces, said Deborah Rieders, a Corcoran Group licensed associate real estate broker, who was in charge of marketing the condos.

The apartments sold quickly because buyers were drawn to “open, loft-like floor plans with high-end finishes, the outdoor space, the high ceilings and oversized windows and the low common charges,” Rieders said via email.

“And of course, the automated parking is a game-changer for anyone who seeks that incredibly rare amenity,” she added.

Atlantic Avenue is a really busy thoroughfare, which made us wonder what noise-attenuating features were included in 325 Henry St.’s design.

“People were not bothered by Atlantic Avenue because the windows are very soundproof and the building was well designed in a way so that the main living space was oriented south over trees and quiet backyards,” Rieders said. “Plus, even the second-floor units technically were located three stories from the street.”

She expects construction to be completed at the end of 2017.   

The building was designed by BKSK Architects.

The other day, we decided to photograph 325 Henry St. and some other Brooklyn development sites we’re obsessed with — including 160 Imlay St. in Red Hook. See related story. Here’s what we saw:    

Downtown Brooklyn’s 210 Livingston St.

It’s so much taller than the last time we stopped by — and no wonder.

The 26-story, 368-unit rental-apartment tower at 210 Livingston St. in Downtown Brooklyn recently topped out, developers Rose Associates and Benenson Capital Partners announced.

“This property is emblematic of the evolution of the area, and we look forward to welcoming our first tenants in late 2017,” James Hedden, Rose Associates’ chief development officer, said in a prepared statement.

Downtown Brooklyn’s 1 Flatbush Ave.

The skeleton of 1 Flatbush Ave. stands several stories above its construction fence.

Slate Property Group and Meadow Partners are constructing a 19-story rental-apartment building with retail space on the bottom floors.

The Downtown Brooklyn site has a long expanse of frontage on Fulton Street.

Through an LLC, the developers bought the two lots that make up the site from two separate sellers for a combined $39 million in 2015, city Finance Department records indicate.

They paid a Capstone Equities LLC $21 million for 1-9 Flatbush Ave. and bought 11-17 Flatbush Ave. from New Rochelle-based Vance Associates for $18 million.

There’s a footnote in the properties’ sales histories that’s of interest to people like us who love Coney Island.

The late Horace Bullard, an investor who owned the Shore Theater and other prime Coney Island properties, also owned 1-9 Flatbush Ave.

Bullard sold 1-9 Flatbush Ave. to the Capstone Equities LLC for $14.25 million in December 2012, Finance Department records show.

The Brooklyn Cultural District’s Marriott Autograph Collection hotel

Don’t go looking for the Marriott Autograph Collection hotel we wrote about back in 2013.

You won’t find it.

A tiny commercial building still stands at 95 Rockwell Place in the Brooklyn Cultural District — where Louis Greco’s Second Development Services and VOS Hospitality plan to build a hotel with a dramatic design by high-profile architect Thomas Leeser.

The tiny building was padlocked and graffiti’d-up when we stopped recently.

VOS Hospitality’s website says the hotel will open in 2018. At this point, how is that possible?

Next door to 95 Rockwell Place, Polonsky Shakespeare Center’s construction was completed a loooong time ago. Next door to the theater, a food hall is about to open at The Ashland, a new residential tower.

Downtown Brooklyn’s 203 Jay St.

Right up the street from the Cathedral Basilica of St. James, a residential skyscraper is rising high.

Construction is proceeding briskly at 203 Jay St., a Downtown Brooklyn development site near the Roman Catholic Diocese of Brooklyn’s Neo-Georgian church.

A gleaming glass and brick façade has been installed on several floors of a tower that will be 33 stories tall, and also on an adjacent eight-story building, according to city Buildings Department filings.

The tower will have 270 dwelling units and the eight-story building will have 98 dwelling units, Buildings Department filings indicate.

The development site has frontage on Concord and Nassau streets. The tower that’s being built can be seen by people in cars heading on and off the Manhattan Bridge via Flatbush Avenue Extension.   

AmTrust Realty Corp. is the developer. The firm’s president and CEO, Nathan Aber, signed a mortgage that’s in city Finance Department records.

AmTrust assembled the site over several years. It bought one property in 1998, when New York City deeds didn’t include purchase prices. It paid $17.6 million for a second property in 2006 and $2.15 million for a third property in 2012, Finance Department records indicate.

 

Leave a Comment


Leave a Comment