The Real Deal New York

Red Hook developer earmarks waterfront project for artists

September 30, 2013 12:11PM

A developer is looking to create an artistic hub in Red Hook by adding affordable studios and apartments to an upcoming waterfront project. Est4te Four, which is planning to break ground in the former New York Dock Building in November, will target local artists, musicians and models, according to Massimiliano Senise, a partner at the Los Angeles-based firm that paid $25 million for the building at 160 Imlay Street building last year.

Construction on the 70-unit Dock Building is slated to begin in November, DNAinfo reported. The developer also paid $11.8 million for a red-brick warehouse at 202 Coffey Street, with plans kicking off at the end of 2013 to convert the property into a mixed-use space.

Senise declined to discuss the price of units with DNAinfo, except to say that it would fit “all kinds of pockets.” A source familiar with the project told DNAinfo that the residences would start at around $500,000. [DNAinfo]  – Hiten Samtani

  • sam diner

    Shalom…if you develop yourself, and are not a broker, you can be in touch with me regarding some developments in Brooklyn, including one water front one. You’ll need to include exactly who you are, and your bio. My email:
    Zalmen, from the Brooklyn hood where many of the deals originate from….:)

  • me

    Imlay project has bounced around for over 12 years. Hopefully this one will move forward…

  • nombre

    But wlil it fit with RedHook?
    Brooklyn is disappearing