Exploring NYC’s Latest Residential Development Projects

Exploring NYC’s Latest Residential Development Projects

A number of new developments are on their way while others have been halted due to community pushback. Here is a look at some of the latest news for NYC’s residential developments.

New Apartments Coming to Area Near Fort Greene Park

A five-story residential building being developed by BCN Development will soon become a reality. Located just a block away from Fort Greene Park, the building will feature six apartments ranging in price from $700,000 to $1.8 million. The apartments, which will be a mix of one-, two- and three-bedroom apartments that will be either duplexes or triplexes, will feature 10-foot-tall ceilings, Duravit and Toto fixtures in the bathroom, Miele and Poggenpohl appliances in the kitchen and floor-to-ceiling windows. The sizes of the apartments will range from 700 to 1,650 square feet.

Things have moved fairly quickly with this particular project, with BCN having purchased the property earlier this year for $1.675 million. The building itself, which is made to look like rectangular boxes stacked on top of each other, was designed by architect Murat Mutlu. Every floor of the building, which is located at 137 Carlton Avenue, accommodates a different function and offers a unique feature such as a sloped skylight, a canopy, direct views and a setback roof terrace. Construction is expected to begin in September of this year, with the building completed by next summer.

Luxury Village Condos in Greenwich Hit the Market

Located in the space between 12th and 13th streets, Greenwich Village’s University Place has seen a great deal of activity over recent months. The parking garage that was formerly occupied by Bowlmor Lanes has been cleared in order to make way for the pricey 21 East and 12th Street development of Annabelle Selldorf while the neighboring site has been cleared for Morris Adjmi’s small 116 University Place condo project. If Selldorf’s success at selling its condos off quickly is any indication, the condos at 116 University Place are not likely to be on the market for very long.

Recently placed on the market, the five condos at 116 University Place offer up to 3,000-square feet of space and range in price from $7.2 million to $9.95 million. Floor plans range from four-bedroom, three and a half-bathroom models to three-bedroom, three and a half-bathroom units with private rooftop space. All of the apartments offer at least three bedrooms and a study or have the option of being configured as a four-bedroom.

While the exterior of the building is designed with corbelled brick in an effort to recall the time when the area was populated by artists and bohemians, the interior boasts a number of luxury features. These include kitchens designed by UK firm Smallbone and Devizes featuring Miele appliances, double ovens and lumix quartzite countertops along with bathrooms boasting marble Calacatta Crema flooring and walls with dual-sink vanities. Each apartment also boasts a separate laundry room that includes storage and a sink. Amenities include a gym, basement storage and a shared roof deck with a kitchen.

Vinegar Hill Ground-Up Building Halted in Response to Community Pushback

Plans for a 72-unit building in Vinegar Hill have been abandoned following continual pushback from local residents, including Stephen Levin who is the City Council member representing the area. Plans for the project at 251 Front Street called for constructing a 72,000-square-foot building with the original plans calling for 93 apartments with 23 being affordable. After the initial pushback from residents, the developers scaled the project back to 72-units. To move forward, however, the developers needed a rezoning approval. With Levin vocally opposing the development, obtaining the approval was not likely.

Those who were opposed to the development were concerned that it would create a domino effect with other large projects coming to the small neighborhood and overburdening its limited resources.