Bluerock to develop townhouse block on Pacific Street in Brooklyn
Five new single-family townhouse properties are coming to Pacific Street in Brooklyn, slated for a summer 2014 completion, the New York Observer reported. Bluerock Real Estate will develop the site, which is nestled between Downtown Brooklyn and Carroll Gardens.
The firm just bought up a 91-foot long plot spanning 321 to 325 Pacific Street for $3.3 million. They also bought 330 Atlantic Avenue for $1.4 million, but declined to say what they will develop on this parcel.
Each townhouse will be four stories and measure 3,300 to 3,400 square feet. Four of the homes will come with garages.
“The five houses will look different from one another,” Philip Mendlow, Bluerock senior vice president and development manager, told the Observer. “They’re mostly brick, but there will be some brownstone. We’re trying to develop an architectural vocabulary from the neighborhood — a couple of them will look like carriage houses, and the one without a garage will refer more to the brownstone character.”
Mendlow declined to reveal the name of the architect, adding that “he’s not well known.”
This comes on the heels of a Cobble Hill townhouse development project announcing that it will hit the market next month, as The Real Deal reported. These homes are being developed by Madison Estates and JMH Development, with Morris Adjmi as the architect.
As The Real Deal also reported, Brooklyn townhouses are now seeing more listings and sales over $3 million. [NYO] —Zachary Kussin