The Real Deal New York

Here’s the next residential building coming to Crown Heights

Project at 1515 Park Place would stand eight stories tall
By Eddie Small | September 05, 2018 11:48AM

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.