Permits filed for 218-unit housing complex in East New York

The property at 50 Pennsylvania Avenue will span 179K sf

TRD New York /
Aug.August 02, 2018 09:30 AM

50 Pennysylvania Avenue in East New York (Credit: Google Maps)

A 218-unit housing complex is coming to East New York — a sign of increasing development in the neighborhood.

Pennrose Properties, a Philadelphia-based multifamily firm, pre-filed permits for a nine-story project at 50 Pennsylvania Avenue, according to records filed with the city’s Department of Buildings on Wednesday. The plans call for a 179,000-square-foot building split between 157,000 square feet of residences and 22,000 square feet of commercial space. The structure will replace a single-story commercial building.

The new development will be built a block from the Broadway Junction transit hub, an area that has experience a surge of interest from developers. In 2016, East New York was rezoned, prompting an influx of permits to build in the area.  That year, developers filed applications for 339 residential units. The following year that number shot up to 1,303 units — many of them affordable housing.

Elsewhere in Brooklyn, Pennrose co-owns 1800 Park Place in Crown Heights. Last summer, the developer inked a deal with C-Town grocery store for 17,000 square feet for the retail portion of the development.


Related Articles

arrow_forward_ios
(Photo courtesy of Winkworth)

London’s so-called skinniest home hits the market

London’s so-called skinniest home hits the market
(iStock)

Déjà vu: New home sales hit 14-year high in August

Déjà vu: New home sales hit 14-year high in August
Larry Korman (Photo by Emily Assiran)

The self-lockdown lifestyle of AKA’s Larry Korman

The self-lockdown lifestyle of AKA’s Larry Korman
Housing and Urban Development secretary Ben Carson (Getty; iStock)

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit

CoreLogic’s screening algorithm may have discriminated against renters: lawsuit
Renderings of the project and Gil Dezer (Getty; Renderings via  Zyscovich Architects)

Dezer’s 30-acre megaproject in North Miami Beach gets first approval

Dezer’s 30-acre megaproject in North Miami Beach gets first approval
220 Central Park South with Louise Sunshine and Steve Roth (Google Maps, Getty)

Another 220 Central Park South condo trades for over $10K psf

Another 220 Central Park South condo trades for over $10K psf
The Real Deal's Amir Korangy, Fredrik Eklund and Louise Sunshine

Louise Sunshine and Fredrik Eklund hold court on selling luxury

Louise Sunshine and Fredrik Eklund hold court on selling luxury
Sheikh Sultan A. Al Qasimi and 15 Central Park West (Google Maps)

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit

Tax lien triggers foreclosure filing on sheikh’s 15 CPW unit
arrow_forward_ios

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

Loading...