Archive for May 2021
Affordable Housing Lottery Opens for 42 Units in Downtown Brooklyn, Starting at $2,000 a Month
An affordable housing lottery has opened for 42 units in a 21-story tower at 1 Boerum Place, hanging over a prominent corner near Borough Hall in Downtown Brooklyn. Of the affordable apartments, there are 10 studios, 11 one-bedroom units and 21 two-bedroom units. Monthly rents start at $2,000 and top out at $3,120.
Read MoreThe Case for Building a Grocery Store in NoDa
Avery Hall will begin construction this year on a five-story mixed-use development at the corner of North Tryon and 36th. The New York firm plans to anchor the site with something NoDa neighbors have been asking about for years: another grocery store.
Read MoreBrooklyn fine-fine: Architects give NYC’s biggest borough a fresh look
Here’s looking at you, Brooklyn! A fresh crop of new developments are launching in NYC’s most populous borough and they’re all designed to make an architectural statement.
Read MoreAvery Hall Starts Pre-Leasing Brooklyn Mixed-Use Community
Avery Hall has started preleasing at its luxury mixed-use community next to the Brooklyn Bridge’s entrance. Move-ins at One Boerum Place are expected to start this summer when the lower floor residences are expected to be complete, while the majority of the residents are scheduled to be finished by late fall 2021.
Read MoreChanging from condo to rentals, luxury development still attracts attention in Downtown Brooklyn
A recent development in Downtown Brooklyn shows both the continuing attraction of the area as a place to live and the flexibility of the borough’s real estate market in responding to market conditions, especially in the wake of the COVID-19 pandemic. Faced with the slowdown of the luxury condo market, Avery Hall, a development and…
Read MoreFacing a Daunting Market, a Luxury Brooklyn Condo Pivots to Rentals
In light of changing market conditions, One Boerum Place will now become luxury rentals, with prices ranging from $8,500 a month for a roughly 1,200-square-foot three-bedroom to $12,000 a month for a roughly 3,120-square-foot four-bedroom. There are also, the developer says, “not many” one-bedroom apartments which will start in “the low $4,000s,” and a few…
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