North True Construction plans 196-unit Bed-Stuy project

Karl Fischer-designed building to hold apartments, rec space and “fresh food”

TRD New York /
Dec.December 30, 2014 05:20 PM

North True Construction, an affiliate of the Hager family’s Brooklyn-based Cornell Realty Management, plans to build a nine-story, mixed-use building in Bed-Stuy.

The 172,000-square-foot property at 1123 Myrtle Avenue,Between Lewis Avenue and Broadway, would hold 196 apartments and more than 19,000 square feet of commercial space. Plans call for fresh food — potentially a grocery store or deli — and recreation space on the first floor and in the basement.

The apartments would occupy a total of nearly 162,000 square feet at the property. Karl Fischer is serving as the architect on this project, as well as a four-building residential development that North True is looking to bring to Crown Heights, as previously reported.

There is currently a one-story office-and-retail building on the site that is home to a New York 99 Cent and Up store, according to PropertyShark. The site offers 100,000 buildable square feet.

Records show the building last traded hands in 2010, when jeweler Simon Alishaev, under the entity 1111 Myrtle Avenue Group LLC, purchased the property for $11.4 million.

Isaac Hager, who runs North True, could not be reached for comment.

Related Articles


Architect Karl Fischer dead at 70

Isaac Hager sells Crown Heights development site for $40M

Here’s what the $10M-$20M NYC investment sales market looked like last week

How Isaac Hager became one of Brooklyn’s most active developers

Fortis not responsible for $2M in defects caused by prior developer, judge says in ruling against 20 Bayard Street residents

Isaac Hager takes Crown Heights rezoning off the table … for now

Rabsky to launch leasing at its first Greenpoint project

Resi plans filed for Brunner’s Greenpoint assemblage