Here’s the next residential building coming to Crown Heights

Project at 1515 Park Place would stand eight stories tall

New York /
Sep.September 05, 2018 11:48 AM

A rendering of 1515 Park Place and the site in Crown Heights (Credit: S. Weider Architects and Google Maps)

Crown Heights is getting another new residential building.

JIH Builders filed permits with the Department of Buildings on Wednesday for an eight-story, 52-unit residential building in the neighborhood at 1515 Park Place. The building will span about 35,000 square feet and sit on a 60-foot-wide lot, where it will replace a two-story home. It will stand 84 feet tall.

The units will be market-rate rentals, and the building will include amenities like a gym and rooftop deck, according to JIH Builders CEO Isaac Hirsch. He hopes to start construction in October and finish by the end of 2019.

The company bought the property in January for slightly more than $4 million. It is also working on projects at 223 Manhattan Avenue in Williamsburg, 560 Madison Street in Bedford-Stuyvesant and 223 Buffalo Avenue in Crown Heights.

Elsewhere in Crown Heights, All Year Management recently financed a rental building at 1040 Dean Street with a $55 million loan, and Isaac Hager’s Cornell Realty Management sold of a piece of its 565-unit residential development site.


Related Articles

arrow_forward_ios
(Photo illustration by The Real Deal)

This office redeveloper is going all in

This office redeveloper is going all in
(iStock)

Homebuilder sentiment falls for second month in a row

Homebuilder sentiment falls for second month in a row
Clare Newman with Governors Island (Credit: Governors Island, Getty Images)

Governors Island redevelopment opposed as excessive

Governors Island redevelopment opposed as excessive
(iStock)

Homebuying up again, but rising mortgage rates depress refinancing

Homebuying up again, but rising mortgage rates depress refinancing
The two most expensive contracts signed last week were condos at One Prospect Park West. (Douglas Elliman)

Brooklyn luxury market roars back to life

Brooklyn luxury market roars back to life
Fidelity’s Raymond Quirk (iStock)

Title insurers launch new closing tools as homebuying rises

Title insurers launch new closing tools as homebuying rises
Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building

Corcoran to sublet 50K sf in IBM Building
Quarters CEO Rui Barros (Linkedin)

Quarters, the “WeWork of co-living,” files for bankruptcy

Quarters, the “WeWork of co-living,” files for bankruptcy
arrow_forward_ios

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

Loading...