Hello Living plans 10-story rental building in Bed-Stuy
The 50 apartments to be mostly two-bedrooms and feature private terraces
UPDATED, May 14, 4:10 p.m.: Eli Karp’s Hello Living is planning to bring 50 rental units to 1520 Fulton Street in Bedford-Stuyvesant, the developer’s latest in a string of Brooklyn residential projects.
Karp filed a permit application with the city Thursday and confirmed his plans to The Real Deal. The 10-story, nearly 56,000-square-foot building will feature mostly two-bedroom units with private elevators that open directly into the apartments. The apartments will flow from the front to the back of the building and have large terraces in the back, Karp said. Pricing has not yet been determined.
Approximately 10,000 square feet of retail will also be included.
Karp picked up the property for $7.3 million in March and has already filed demolition permits for the Sunoco gas station on the site.
Vincent Martineau is the architect of record, the filing shows.
This is at least the ninth Brooklyn project for Hello Living in the last three years, and would bring the developer’s total unit count to over 400 in the borough during that time frame, according to a TRD analysis including all projects over 15 units or 15,000 square feet.
Its other developments include 1580 Nostrand Avenue and 2415 Albemarle Road in Flatbush.