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 retail space.

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 late 2025. The project will be one of the first new buildings erected under the neighborhood’s new rezoning, which was approved last year and allows developers to build up to 200 stories as of right.

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 rectangular property, which is alternately addressed as 655 Union Street and bound by Sackett Street to the north and Raul Vasquez Jr. Place to the south.

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 will be announced at the annual gala on October 18, 2023 at Cipriani South Street.

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 is one of the highest-density developments proposed in the city in recent years.

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 real estate market is gravitating towards rentals of the same caliber instead. The reasons? Ongoing high interest rates and overall economic uncertainty. That said, deep-pocketed would-be buyers who want to wait things out still have luxe options at their disposal.

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 upcoming residential projects that is expected to dramatically transform the neighborhood following the approved Gowanus rezoning.

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 will also have an expansive amenity package including a rooftop lounge and pool. Affinius Capital LLC provided the construction financing for the project with financing arranged by Christopher Peck and Peter Rotchford of JLL.

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 $155 million construction loan for the project, and work on it should wrap up in the spring of 2025.

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, said Brian Ezra, founder of landlord Avery Hall, which developed the building with Aria Development and Allegra Holdings.

New York-based Avery Hall will break ground on its next Charlotte project by year end. The Brooklyn real estate developer, in partnership with Declaration Partners, is planning a 420,000-square-foot mixed-use development at 300 E. 36th St. Tarlton Long, principal and director of Avery Hall Southeast, said the project will include a 294-unit apartment building with podium parking and 6,800 square feet of ground-floor retail.

Already an over-the-top convenience, home cinemas should have the plushest seating, a stocked mini bar and dark, moody colors

Brooklyn-based barbecue fans are in luck: Two new Mighty Quinn’s Barbecue restaurants are headed to Downtown Brooklyn and Williamsburg, Commercial Observer has learned. The two locations — in 2,000 square feet at 1 Boerum Place in DoBro and just under 3,000 square feet at 360 Wythe Avenue in Williamsburg — will open in the summer.

The joint venture, led by Avery Hall, that is developing the One Boerum Place residential tower in Downtown Brooklyn has nabbed a roughly $176.5 million debt package to recapitalize it amid ongoing plans to convert the project to luxury rentals from for-sale condominiums.

Avery Hall recently announced that One Boerum Place, the high profile full-block new development designed as a condominium where leasing commenced in May, is nearly 40% leased.

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.

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.

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.

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.

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 architecture firm, has changed its new development, One Boerum Place, to luxury rentals. And people are still very much interested.

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 two-bedroom apartments that will rent for just under $6,000.

New York-based Avery Hall, working in partnership with Aria Development Group, is planning a mixed-use development at East 36th and North Tryon streets. It will include a 25,000-square-foot space for a grocery store, said Tarlton Long, principal and director of Avery Hall Southeast. The proposed store will be on the ground floor of a five-story building, with four floors of apartments above.

Last month, New York-based Avery Hall closed on land near a major intersection and the Lynx 36th Street Station in Charlotte's NoDa neighborhood. It recently put under contract additional land at the hard corner of 36th and Tryon, the Charlotte Business Journal has learned.

One Boerum Place has topped out in Downtown Brooklyn. The slim reinforced concrete superstructure recently reached its 21-story parapet, and work is now shifting to the installation of its brick masonry façade.

The angular reinforced concrete superstructure of One Boerum Place is rapidly taking shape in Downtown Brooklyn.

Avery Hall is proposing public-transit improvements in exchange for the right to build a larger building on Fourth Avenue.

The Brooklyn-focused high-end apartment builder Avery Hall is about to break ground on its biggest project to date, a 21-story, roughly $250 million condo building in Downtown Brooklyn.

YIMBY has been given a first look at the brick façade for 145 President Street, in Brooklyn’s Carroll Gardens neighborhood. Last week the tarp was removed, revealing the building’s handcrafted masonry, produced by Petersen Tegl from Denmark. The style is renowned for having clean lines and neutral tones. East Village-based Avery Hall is the developer.

Permits have been filed for Avery Hall Investment’s two-building development in Park Slope, Brooklyn. YIMBY last reported on the pre-filing for the six-story building at 680 Baltic Street in mid-October. The project had been the source of debate for many locals, but it has since been approved and is moving forward. Now, permits show specifics for the four-story component at 126 Fifth Avenue.

PROFILEnyc had the exclusive opportunity to sit down with Avi Fisher of Avery Hall to discuss how the leadership team consisting of himself, Jesse Wark and Brian Ezra have set their sites on building up Brooklyn. We explore how the visionary grassroots developers seek to enhance the quality of resident life in the communities in which they invest with a focus on their native "Brownstone Brooklyn."

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 address. There are signed sale contracts for all eight apartments in the building...

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 buildings to Donald Trump’s son-in-law, Jared Kushner, for $36.5 million in 2014.

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 sq. ft. office building at One Boerum Place...

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 Hicks and Henry streets.

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 Thursday morning, as the organizations responsible for crafting the...

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...

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 of BKSK Architects. That openness led the architectural firm to incorporate large wraparound windows at 325 Henry Street, a four-story, eight-unit residential building that will soon rise on the corner of Atlantic Avenue.

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 Ezra, a co-founder of Avery Hall, said in a press release.

“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 the likes of Calvin Klein and Bill Gates, has incorporated a trove of upscale materials and finishes into the model apartment at 53W53.

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.

While much of the focus in Brooklyn’s development boom has been on the recently rising towers downtown, many medium-sized projects are cropping up in neighborhoods across the borough. One such project — going up at 465 Pacific Street in Boerum Hill — will feature an unusual brick and metal facade.

COLUMBIA STREET WATERFRONT DISTRICT — A neighborhood nonprofit is striking a deal to sell a Columbia Street plot to a private developer in hope of preserving 28 affordable units nearby and possibly creating dozens more with its profit.

A little-noticed Brooklyn neighborhood is getting a second look for its new homes and quaint shops. Long in the shadow of Carroll Gardens and Cobble Hill, Brooklyn’s Boerum Hill neighborhood is getting noticed these days for its new homes and re-energized commercial strips.

For apartment hunters who think that Brooklyn has become too glassy in recent years, with some buildings that look like as if they had floated up from South Florida, a new condominium in Boerum Hill may come as a relief, particularly its lower floors.

When Avery Hall—led by partners Brian Ezra, Avi Fisher and Jesse Wark (ages 34, 34 and 37 respectively)—proposed building a four-story mixed-use project at 112 Atlantic Avenue (a.k.a., 325 Henry Street) last year they walked into machine gun fire.

Brian Ezra and Avi Fisher, co-founders of Avery Hall...