Bentley Zhao planning 115 apartments for Prospect Park South

Building at East 21st Street would span more than 82K sf

TRD New York /
May.May 18, 2017 11:45 AM

Bentley Zhao and a rendering of 563-571 Ocean Avenue

Bentley Zhao’s New Empire Real Estate Development is planning an 115-unit Residential Building On Ocean Avenue in Prospect Park South, according to a permit application filed with the city Thursday.

The building would span 82,376 square feet, including just over 500 square feet of community space and 58 parking spots, the filing shows. The address for the development is 563-571 Ocean Avenue or 222 East 21st Street. New Empire bought the two vacant parcels for $11.5 million in March. SM Architects is the architect of record.

New Empire is based in Sunset Park, and Zhao also operates the New Empire EB-5 Regional Center from the company’s Third Avenue headquarters. In March, New Empire filed an offering plan for a 56-unit condominium project a 2128 Ocean Avenue in Sheepshead Bay with the New York state Attorney General’s office Zhao is shooting for a $43 million sellout at the development.

The company is also planning a 49-story condo tower at 131-141 East 47th Street in Midtown East.

A representative for New Empire could not be immediately reached for comment.

(To view a monthly chart of accepted condo developments in Brooklyn, click here)


Related Articles

arrow_forward_ios
An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

California passes landmark rent control law

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

Embattled Prodigy Network CEO Rodrigo Niño to step down

The Watchtower building at 25 Columbia Heights, CIM Group’s Shaul Kuba (right) and LIVWRK’s Asher Abehsera (Credit: Wikipedia, CIM Group, and LinkedIn)

JPMorgan leads $335M refi for CIM and LIVWRK’s Watchtower renovation

The construction giants catching a Windy City windfall

arrow_forward_ios