Stellar plans two more rental highrises in Park Slope

Park Slope is set to have a little less parking and a lot more apartments. 

At 341 10th Street in the Brooklyn neighborhood, right about where the elevated F and G trains dive below ground, Larry Gluck’s Stellar Management wants to build up.

Stellar applied Thursday for a rezoning that would allow it to add two rental buildings to the mid-block site between 4th and 5th avenues, where the company already has two apartment buildings standing 12 and 18 stories tall, along with a sizable parking lot and garage.

The proposal seeks to turn that parking garage into more apartments, introducing two towers that would wrap around the MTA’s subway covering in the center of the block and squeeze in alongside its existing buildings.

Stellar’s operating buildings on the site combine for 154 units across 170,000 square feet. Should the application pass muster, the new buildings would more than triple that, adding 319 apartments, up to 96 of which would be designated affordable, across two structures standing 17 and 19 stories.

The new buildings will also add 6,750 square feet of retail space along Ninth Street and create what Stellar described in its application as 4,600 square feet of “community facility space,” which will likely be medical offices.

Historically low-rise Park Slope in recent years has seen a flurry of project proposals from developers reaching for the sky along Fourth Avenue, which was rezoned in the 2000s by the Bloomberg administration when Bill de Blasio was the local City Council member.

Just steps away from Stellar’s project, at the corner of Fourth Avenue and Ninth Street, Ranco Capital is working on an 11-story project dubbed The Deermar that will include 72 apartments.

On the northern end of the neighborhood, Billy Macklowe and GreenBarn Investment Group — formerly Senlac Ridge Partners — are developing a 300,000-square-foot rental project at 120 Fifth Avenue that will bring 180 rental units, a CVS and Brooklyn’s first Lidl supermarket to the area.

Stellar Management, a developer and at-times controversial landlord, has a portfolio spanning upwards of 100 multifamily buildings and 2 million square feet of offices in New York City and Miami.

In 2019, the firm was found to have overcharged tenants at one of its Upper West Side properties, where it claimed that upwards of $20,000 a year in rent increases were justified because it had spent $70,000 renovating the building. When it came time to provide receipts to the court, Stellar was unable to.