News
Atlanic Ave Shell Station is Sold-Out Condo
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 and OTL Enterprises are the developers of 325 Henry St., which is the property’s side-street…
Read MoreSale of Brooklyn Law School Building Keeps Fulton Street’s Face-lift Going Strong
Brooklyn Law School’s November sale of 1 Boerum Place for $76.5 million has helped keep the revival of Fulton Street Mall fully energized. The property, which was purchased by a group of private investment firms, is the latest to be divested by Brooklyn Law in recent years. The school sold a portfolio of six multifamily…
Read MoreInvestment Group Pays $76.5 Million for Downtown Brooklyn Development Site
An investment group has paid $76.5 million for a downtown Brooklyn property, in a sign that demand for development sites in the New York borough remains strong despite indications of softening in some of the city’s real-estate markets. The investment group, which includes Avery Hall, Allegra Holdings and Aria Development Group, has purchased the 40,000…
Read MoreRevealed: 145 President Street Condos
Avery Hall is developing upscale apartments all over brownstone Brooklyn, and their latest project is headed to 145 President Street, in Carroll Gardens. The East Village-based builder filed new building applications for the project yesterday, and YIMBY spotted this rendering of it on their website. The seven-story condo building will fill a vacant lot between…
Read MoreAffordable Housing and Community Gardens Preserved in Columbia District
The sale of a long-vacant lot will generate the funds to preserve 28 units of existing affordable housing in the Columbia Waterfront District, seed the creation of up to 70 new units of affordable housing in Red Hook, and protect two local community gardens. The deal was called a “win-win-win-win” by Brooklyn Councilmember Brad Lander…
Read More165-Unit Mixed-use Project to Have Larger Grocery Store, Deeper Affordability
After months of negotiations with the community, developer Avery Hall has agreed to amendments to its two-building, mixed-use development planned at 120 Fifth Avenue, located on the corner of Baltic Street in Park Slope. When the plans were initially presented in February, YIMBY reported that the 196,000-square-foot project would include…
Read MoreBrooklyn Condo Inspired by a Gas Station
Can a former gas station inspire the design for a new home? It sounds far-fetched, but to those who drew the blueprints for a new condominium in Cobble Hill, Brooklyn, it did. “Everyone knows the site was a gas station for a long time, which meant the corner was open,” said Harry Kendall, a partner…
Read MoreGas Station-replacing ‘Boutique’ Condos Launch Sales in Cobble Hill
What was once the site of a Shell gas station is now home to an eight-unit luxury condo building. Sales launched today at the Avery Hall and OTL Enterprises-developed 325 Henry Street in Cobble Hill. “325 Henry Street was conceived as a response to the demand for elegant high-end residences in the sought-after neighborhood,” Brian…
Read MoreExotic Marble and Opulent Finishes Lure Buyers
“Words cannot describe what we’ve done,” said Thierry W. Despont, referring to the interior design of the apartments at 53W53, a condominium building rising beside the Museum of Modern Art in Midtown Manhattan. But a reporter can at least try. Mr. Despont, a French-born, New York-based architect and designer who has outfitted private homes for…
Read MoreA Conversation With Brian Ezra
Mr. Ezra, 34, is a founding principal of Avery Hall, a residential developer focused on Brooklyn. The company, which was started in 2013, is working on several projects, including residential and mixed-use developments in Boerum Hill, Cobble Hill and Park Slope. Mr. Ezra grew up in Park Slope.
Read More