After living in one-family Brooklyn brownstones, John Frezza, president of Strategic Development & Construction Group, and Sammy Brahimi, a partner at IBEC Building Corporation, hope to give Boerum Hill something they believe will be a great addition: new brownstones.
Frezza and Brahimi’s plans for a collection of six high-end, one-family brownstones, called the Ensemble, will be located at 354-349 State Street between Hoyt and Bond streets, at the edge of Boerum Hill, Frezza said.
The duo has hired the Corcoran Sunshine Marketing Group to test the market in the fall to determine if there is demand for the homes.
“Since they will be very lavish homes for a particular market segment, I want to make sure there is enough interest for them in the current down real estate market,” Frezza said.
The series of six six-story brownstones will be roughly 5,000 square feet each, and range in price from $3.5 million to $4 million. Buyers will have the option of a modern or traditional design. All of them will have private outdoor terraces and basements, which he considers a sixth floor. Frezza also hopes the building will earn a LEED Silver rating for its eco-friendly design.
“These homes have been in development for a year and a half and we’ve been working on the virtual designs and gearing up to release the plans to the brokerage community for a while,” Frezza said.
Around the corner of the proposed Ensemble sits another joint project by Strategic Development and IBEC called State Renaissance Court at 200 Schemerhorn Street, a mixed-income rental building which was developed in conjunction with the Empire State Development Corporation in 2001.
Frezza also co-developed Beacon Towers with full-service real estate management firm Lemle and Wolff at 28 West 138th Street in Harlem, which is comprised of both market-rate and restricted income units. Frezza told The Real Deal, during a recent Halstead Property broker tour of Harlem developments the firm is marketing, that Beacon Towers is nearly 50 percent sold out. TRD