Avery Hall to city: In exchange for 50K sf, we’ll improve a Gowanus subway station

Company is working on a rental development at 204 Fourth Avenue

Apr.April 26, 2019 02:21 PM
Avery Hall principal Brian Ezra and a rendering  of 204 Fourth Avenue (Credit: Avery Hall and Startup Columbia)

Avery Hall principal Brian Ezra and a rendering  of 204 Fourth Avenue (Credit: Avery Hall and Startup Columbia)

Avery Hall Investments wants to improve public transportation in Gowanus. But it needs something in return — specifically, the green light to build a much larger project at its development site on Fourth Avenue.

The firm plans to construct a rental development at 204 Fourth Avenue—the current site of a Speedway gas station between Union and Sackett streets—and it has proposed building a new entrance to the R train’s southbound Union Street subway platform as part of the project, according to Crain’s. The new entrance would feature a staircase wider than the two existing ones and an elevator, which the station does not currently have. It would cost at least $11 million.

The firm would want about 50,000 additional square feet for its apartment project in exchange for this. This means the development could span more than 200,000 square feet overall. It would stand 17 stories tall and include between 150 and 200 apartments, 25 to 30 percent of which would be affordable.

The city is planning a rezoning of Gowanus, and Avery Hall principal Brian Ezra told Crain’s this would likely lead to a significant population increase.

“The rezoning contemplates adding a population of 20,000 new residents in the neighborhood,” he said. “Accommodating this population as well as the existing community here is something we’re excited about. Given the expense of an upgrade like this, we are seeking an appropriate increase in density to fairly compensate us for the cost and make this feasible.” [Crain’s] – Eddie Small

Related Articles

City Council member Bill Perkins and Lenox Terrace 484 Lenox Avenue (Credit: Getty Images and Google Maps)

Is Olnick bluffing on Lenox Terrace? History says no

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

New York City Councilmember Carlos Menchaca and Industry City (Credit: Getty Images, Industry City)

Sunset Park Community Board divided on Industry City

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

Rafael Salamanca and the Bronx (Credit: Getty Images, iStock)

Bronx councilman snuffs out another de Blasio rezoning

From left:  Council member Rafael Espinal, Mayor Bill de Blasio and Council member Antonio Reynoso (Credit: Getty Images, iStock)

Bushwick rezoning impasse puts de Blasio’s housing plan at risk

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