Developers add second building to
Broadway Triangle resi project

Project at former Pfizer property will be two buildings instead of one

TRD NEW YORK /
May.May 30, 2017 03:50 PM

Developers Juda Klein and Abraham Brach have revised their plans for Brooklyn’s Broadway Triangle, opting for two separate residential buildings on the site instead of one 41-unit property.

Klein, who heads Parkview Management, bought the last remaining lot of Pfizer’s Broadway Triangle site with a group of investors led by Brach in January for $27.5 million. Parkview then filed plans in March to build a roughly 100,000-square-foot, seven-story building with 41 residential units on the former site of Pfizer’s headquarters at 58 Gerry Street.

However, the development team now plans to construct two buildings on the site instead of one, essentially splitting their original plans in half, according to Ben Frances of Parkview Management.

Klein filed plans with the city for one of those buildings on Tuesday, a new permit application shows. The mixed-use property would include 3,632 square feet of commercial space and 18 residential units across 37,392 square feet of residential space. The building would span 41,024 square feet in total, and Parkview plans to break ground on it soon.

Although Frances had previously described the development to The Real Deal as “upscale religious housing” for the Orthodox Jewish community, in an interview on Tuesday, he stressed that the project would not just be for members of one group.

“I don’t want to leave anyone out. It’s meant for whoever lives in the area, really,” Frances said. “I don’t want to specify Jewish housing or anything like that.”


Related Articles

arrow_forward_ios
South Carolina town puts moratorium on development (Credit: iStock)

The high cost of low taxes: South Carolina town bans all development for 16 months

U.S. Rep. Alexandria Ocasio-Cortez and Sunnyside Yards (inset) (Credit: Getty Images and Wikipedia)

AOC resigns from Queens megadevelopment steering committee

Donald Trump with Rep. Emanuel Cleaver II, Rep. Ron Kind and Sen. Cory Booker (Credit: Getty Images, iStock)

Trump’s Opportunity Zone program is under investigation

The agreement was signed today at UBC’s New York Council offices in Manhattan by Nathan Blecharczyk, Airbnb co-founder, Chief Strategy Officer, and Frank Spencer, General Vice President of UBC.

Airbnb hammers out partnership with carpenters’ union

Fotis Dulos (AP Images/ Erik Trautmann)

Connecticut developer Fotis Dulos charged with murder

Pier 40 and Gov. Andrew Cuomo (Credit: Wikipedia and Getty Images)

Cuomo kills Pier 40 redevelopment plan

CW Realty’s Cheskie Weisz  and a rendering of 251 Front Street (Credit: CW Realty and Think Architecture and Design via New York YIMBY)

CW Realty plans luxury rental at controversial Vinegar Hill site

A rendering of Broadway Triangle and an aerial of Broadway Triangle (Credit: Magnusson Architecture via Department of City Planning and Google Maps)

Rabsky, Spencer land $70M refi for Broadway Triangle site

arrow_forward_ios
Loading...