News
499 President Street Begins Vertical Ascent In Gowanus, Brooklyn
Construction is rising on 499 President Street, an eight-story residential building in Gowanus, Brooklyn. Designed by SLCE Architects and developed by The Brodsky Organization and Avery Hall, the 322,000-square-foot structure will yield 350 rental units in studio to two-bedrooms layouts, with 25 percent designated for affordable housing, as well as 20,000 square feet of ground-floor…
Read MoreTD Bank Provides $73M Construction Loan for Gowanus Residential Development
Developer Avery Hall and its joint venture partners Declaration Partners and Bridge Investment Group have secured $72.5 million of construction financing to build a multifamily development in Brooklyn’s Gowanus neighborhood, Commercial Observer has learned. TD Bank supplied the loan for the developers’s planned 17-story project at 544 Carrol Street, which is slated for completion in…
Read MoreConstruction Reaches Top Floor Of 204 4th Avenue In Gowanus, Brooklyn
Construction is about to top out on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. Designed by L+Z Architecture and developed by Avery Hall and Gindi Capital, the 200,000-square-foot structure will yield 193 rental units and 14,000 square feet of ground-floor retail space. Leeding Builders Group is the general contractor for the half-acre…
Read MoreOne Boerum Place Named a Finalist for ULI’s Award For Excellence
Avery Hall, a real estate investment firm specializing in the development and design of unique residential and mixed-use buildings, announced today that the completed and fully-leased new development, One Boerum Place in Downtown Brooklyn was selected as a finalist for the prestigious Urban Land Institute (ULI)’s Award for Excellence in Market-Rate Housing Development. The winners…
Read More550-unit apartment towers next to Legend get City Council go-ahead
A new development that will drastically change the Manchester skyline is a go. Richmond City Council voted Monday night to approve Avery Hall’ special-use permit application for a pair of high-rise apartment buildings at 301 W. Sixth St. next to Legend Brewing. Reaching 16 and 17 stories and totaling over 550 units, Avery Hall’s project…
Read MoreNYC ushers in ultra-luxury rentals amid high interest rates
What fancy condo? Today, New York is ushering in the era of ultra-luxury rentals where the pickings are slim and rival the best new for-sale properties in town. After a decade of much-hyped and buzzed-about condo developments hoping to attract buyers with sleek designs and a bevy of amenities, the top end of the city’s…
Read More204 4th Avenue Reaches Street Level In Gowanus, Brooklyn
Construction has reached street level on 204 4th Avenue, a 13-story residential building in Gowanus, Brooklyn. Designed by L+Z Architecture D.P.C. and developed by Avery Hall and Gindi Capital, the 200,000-square foot structure will yield 193 rental units, on-site parking, and 14,000 square feet of ground-floor retail space, and is part of a wave of…
Read MoreGindi Capital, Avery Hall Secure $110M Construction Financing For 204 4th Avenue In Gowanus, Brooklyn
This week Gindi Capital and Avery Hall closed on $110 million in construction financing for the development of a 13-story, 193-unit mixed-use, mixed-income building at 204 4th Avenue in Gowanus, Brooklyn. Located at the intersection of the Gowanus and Park Slope neighborhoods on a full city block between Union and Sackett Street, the ground-up construction…
Read MoreBrodsky joins Avery Hall on Gowanus project, lands $155M in financing
Brodsky has partnered with Avery Hall on a 350-unit development at 499 President St., the company announced to Crain’s on Wednesday. The mixed-use project, designed by SLCE Architects, will also include 20,000square feet of ground-fl oor retail and span roughly 322,000 square feet overall. M&T Bank and the Bank of New York have provided a…
Read MoreHair and Beauty Suite Renter Salons by JC to Open First Brooklyn Location
Salons by JC — which leases out suites to haircutters, aestheticians and other beauty professionals — will open its first Brooklyn location at 1 Boerum Place this fall, Commercial Observer has learned. The company inked a 20-year deal for 13,316 square feet on the first and second floor of the 23-story Downtown Brooklyn apartment property,…
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