Prospect Heights building to rise from ashes

TRD New York /
Jun.June 19, 2012 01:30 PM

A Prospect Heights apartment building that was destroyed last year in a three-alarm fire is in the beginning stages of redevelopment, according to Brownstoner. ELH Management President Larry Hirschfield, who owns the property, located at 816 Washington Avenue, received approval from Community Board 8 for a variance to rebuild on the site of the demolished structure. He plans a five-story affordable housing building with four three-bedroom apartments and four four-bedroom apartments. 

Hirschfield will present his case before the Board of Standards and Appeals in mid-September.

Despite the fact that the proposed building would replicate the size of the one damaged by the fire, Hirschfield needs a variance because the former building was overbuilt. While many of the tenants had already moved out the building because of renovations by the time of the blaze, they will still be guaranteed apartments when the project is completed. Any remaining units will be distributed by lottery. Rents will rage from approximately $1500 to $1700 per month. However, the commercial space on the ground floor will return at market rate. [Brownstoner]


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

Control freaks: Institutional players take over landlords’ war on rent caps

Control freaks: Institutional players take over landlords’ war on rent caps

From left: The Blau and Berg Company's Karine Blanc, TD and Partners' Nana Duncan and Lemor Development Group's Kenneth Morrison (Credit: Blauberg, TD+Partners and Lemor)

Black developers say partnerships aren’t always equal

550 Madison Avenue (Credit: Google Maps)

Sony Building in talks with anchor tenant

New York City investment sales in September 2019

New York City investment sales in September 2019

Workers injured at Hudson Yards scaffolding collapse, a peek at Disney’s new HQ

Workers injured at Hudson Yards scaffolding collapse, a peek at Disney’s new HQ

arrow_forward_ios