Avery Hall Investments files plans for Brooklyn resi tower

Building will feature 122 units, according to filings

TRD New York /
May.May 04, 2018 08:00 AM

One Boerum Place (inset from top: Avery Hill founders Brian Ezra and Avi Fisher)

Avery Hall Investments filed plans to build a 204,000-square-foot residential building at One Boerum Place in Downtown Brooklyn, according to data from the Department of Buildings.

The 21-story building will have 122 residential units, according to the filing, which was “pre-filed” on May 2.

Midtown South-based Avery Hall and partners Allergra Holdings and Aria Development Group paid Brooklyn Law School $76.5 million in 2016 to acquire the site, located 7 Boerum Place. The developers also purchased approximately 50,000 square feet of air rights for $16 million, in order to build a larger structure.

The partners recently completed  a 30-unit condominium at 465 Pacific Street in Boerum Hill and are underway with a 17-unit condo project at 145 President Street in Carroll Gardens.

Correction: A previous version of this article incorrectly identified the Carroll Gardens address and the project’s status. 


Related Article

arrow_forward_ios

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

Multifamily market still reigns in Queens, Blackstone balks after rent reforms and more of the biggest CRE trends right now

The development site at 98 Dekalb Avenue and Rockrose Development's Justin and Henry Elghanayan (Credit: Google Maps)

Rockrose is moving into Brooklyn

Real estate titans … and their toys

Developer seeks $40M for Opportunity Zone site in downtown Newark

This East End icon might finally be closing in on a sale

Mack-Cali sells Paramus office property, Murphy enacts land bank reforms & more North Jersey real estate news

arrow_forward_ios