Plans filed for “upscale religious housing” at former Pfizer site

Abraham Brach is teaming up with Parkview Management to develop a mixed-use project in South Williamsburg

New York /
Mar.March 24, 2017 03:00 PM

UPDATED: Wednesday, March 29 at 12:31 p.m.: Developer Abraham Brach and Parkview Management plan to build a mixed-use apartment building at Pfizer’s former site on Gerry Street in South Williamsburg, according to documents filed with the city’s Department of Buildings.

Parkview, led by Juda Klein, filed plans on Friday for a 41-unit apartment building at 58 Gerry Street. Parkview’s Ben Frances told The Real Deal that the company has an ownership stake in the project and will serve as general contractor. He described the development as “upscale religious housing” for the Orthodox Jewish community. He wouldn’t specify the size of the company’s investment in the project, and Brach couldn’t immediately be reached for comment.

The seven-story development will include 85,611 square feet of residential space and another 15,108 square feet for commercial. The site was home to a three-story warehouse, and Parkview filed demolition permits earlier this month.

TRD reported in January that Brach purchased the site for $27.5 million. The property was the last piece of Pfizer’s Broadway Triangle, the former site of the pharmaceutical giant’s headquarters. Simon Dushinsky and Isaac Rabinowitz’s Rabsky Group is planning to build a 1 million-square-foot rental complex across the street from Brach’s property.

Brach also considered building a large religious housing development on the former Cascade Linen factory site in Bedford-Stuyvesant, but last month opted to do luxury condos.

Correction: A prior version of this story mischaracterized the plans for the Cascade Linen factory site. Brach originally planned religious housing at the site, but last month decided it would be luxury condos instead.


Related Articles

arrow_forward_ios
The tax break allows foreign visitors to reclaim a sales tax of 20 percent on items bought in the country for more than £30 (Getty; Unsplash)

UK tax break expiration could hurt struggling retailers

UK tax break expiration could hurt struggling retailers
Istanye Park in Istanbul (Photo via Wikipedia Commons)

Turkish mall valued at $1B in deal with Qatar

Turkish mall valued at $1B in deal with Qatar
258 8th Avenue (Google, Target)

Target planning yet another NYC store in Chelsea

Target planning yet another NYC store in Chelsea
Churchill Real Estate's Justin Ehrlich and 381 Broadway (Google Maps)

Two-year Tribeca foreclosure saga continues with lawsuit over $20M

Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Adam America's Omri Sachs and Dvir Cohen with 2503-2509 Broadway (Google Maps; Adam America)

Adam America secures $63M in financing for Upper West Side project

Adam America secures $63M in financing for Upper West Side project
Convene CEO Ryan Simonetti (Convene)

Convene closes Manhattan locations as corporate events fail to return

Convene closes Manhattan locations as corporate events fail to return
New York City District Council of Carpenters’s Monitor Glen McGorty (iStock; LinkedIn)

NYC carpenters union changes how it roots out mob ties

NYC carpenters union changes how it roots out mob ties
The Economic Innovation Group identified 145 real estate investments in Opportunity Zones (iStock)

Real estate deals dominate Opportunity Zones. Is that bad?

Real estate deals dominate Opportunity Zones. Is that bad?
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...