NEW YORK | One Boerum Place | 300 FT | 21 FLOORS

[chris08876]

160,000-Square-Foot Mixed-Use Tower Planned At One Boerum Place, Downtown Brooklyn

An investment group has acquired, for $76.5 million, Brooklyn Law School’s four-story, 40,000-square-foot office building at One Boerum Place, located on the corner of Fulton Street in Downtown Brooklyn. The group includes Avery Hall Investments, Allegra Holdings, and Aria Development Group, the Wall Street Journal reported. Although plans are not final, the development team expects to build a 160,000-square-foot mixed-use tower at the site. The project would include residential units and commercial space, possibly in the form of retail and/or offices. Demolition permits have not been filed for the 13,290-square-foot site’s current building, although groundbreaking is expected sometime next year.

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NYY

[chris08876]

This is kinda cool. Can see what One Boreum on this parcel may lead to: Looks like 450-500 ft or so.

O... along with other DoBro developments. If its not apparent, DoBro has been smoking crack for the last couple of years, and a lot of work was done! Dobro is high 24/7.

Credit: PeterQM

[TechTalkGuy]

Any word on the proposed height?

[chris08876]

Originally Posted by TechTalkGuy

Any word on the proposed height?

Developer buys air rights to boost Downtown Brooklyn residential project:
The $16 million deal facilitates a 200,000-square-foot apartment building

Brooklyn-focused residential real estate development firm Avery Hall Investments has boosted the size of a condo building it plans to raise in Downtown Brooklyn.

The firm has purchased nearly 50,000 square feet of air rights from two neighboring properties that will allow it to erect a more than 200,000-square-foot edifice at 1 Boerum Place.

Brian Ezra, who co-founded the company with business partner Avi Fisher, said it paid about $16 million for the additional development rights.

One Boerum Place encompasses almost the entirety of a triangular block framed by Fulton Street, Boerum Place and Red Hook Lane. The additional air rights come from two adjacent buildings, the only other properties on the block. Absorbing their air rights will permit Avery Hall to add bulk to the project and install windows facing north and east on the lot line it shares with the buildings. Ezra estimated the condo project will be up to 300 feet tall and include just over 100 apartments.

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http://www.crainsnewyork.com/article...TATE/180229899

[chris08876]

Credit: Tectonic

[chris08876]

Credit: Tectonic

[JMKeynes]

It's a toss-up as to what was worse: Brooklyn Law, an incubator for personal injury and landlord-tenant scheisters, or that horrible building.

[chris08876]

Avery Hall lands $165M construction loan for DoBro condo tower

Avery Hall Investments is ready to go vertical with a 122-unit condominium tower in Downtown Brooklyn now that it has landed construction financing.

The Greenwich Village-based development firm landed a $165 million construction loan for its project at One Boerum Place, a source with knowledge of the financing told The Real Deal.

The identity of the lender was not revealed, but it was described as a foreign pension fund. The floating-rate financing has a term of three years with two, one-year extension options.

A representative for Avery Hall did not immediately respond to a request for comment on the financing, which was arranged by Chris Peck at HFF. Peck declined to comment.

Avery Hall, founded by principals Brian Ezra and Avi Fisher, filed plans in May to construct a 21-story, 250-foot tower on a triangular plot of land along Boerum Place between Fulton and Livingston streets.

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TRD

[chris08876]

@ Mods,

Title change to: NEW YORK | One Boerum Place | 250 FT | 21 FLOORS

Thanks

[chris08876]

Rendering:


Credit: City Realty

[RobEss]

The site is cleared and an official rendering is up - the info on the fencing lists the project name as '7 Boerum Place'

[Busy Bee]

Looks good. Much better than that generic glassy number.

[GertElim]

Fenagh is performing masonry testing, concrete testing, fire stopping, piles, and tie back grouting for SOE on One Boerum Place in Brooklyn, New York.

Expected to complete in 2021, this tower will contain 183,000 sf with 122 units of residential space and 22,000 sf of ground-floor retail space.

https://www.instagram.com/p/BwcaxiTg25V/

[chris08876]

Under Construction.

Also rename to NEW YORK | One Boerum Place | 300 FT | 21 FLOORS


Credit: tectonicphoto

[Busy Bee]

This building is going to be so cool.

[chris08876]

Credit: City Realty

[Barney Greengrass]

Took these over the weekend;

[chris08876]

One Boerum Place Nears 21-Story Parapet In Downtown Brooklyn

Construction on One Boerum Place in Downtown Brooklyn is getting close to topping out. The 21-story mixed-use condominium building is rising from a narrow triangular-shaped parcel bound by Boerum Place, Red Hook Lane, and Fulton Street. The project is designed by SLCE Architects and is being developed by Avery Hall Investments, Allegra Holdings, and Aria Development Group, which acquired a $165 million construction loan from Jutland Finance. The total cost is expected to be around $250 million.

Photos by architectural photographer Tectonic show the progress of the rising superstructure, which recently surpassed the final southern setback. A slight cantilevering section on the eastern profile can be spotted in the first photo. Topping out should likely occur within the next several weeks with less than five floors left to build.

The first portion of the curtain wall is being installed on the lower floors of the main western elevation and the backside facing east. Crews are using large cinder blocks to form the edges of each window frame. This area of the envelope has smaller and narrower windows than the rest of the exterior. There is also some scaffolding and draped plastic sheets hanging off the southern edge of the lower stories, most likely to protect construction crews working on the perimeter through the winter months.

One Boerum Place will yield nearly 22,000 square feet of ground-floor retail space and 183,000 square feet of residential area spread across 122 units. Homes will be available in one-, two-, and three-bedroom configurations. Amenities include a two-story fitness center, swimming pool, sauna, an entertainment lounge, a children’s playroom, a 24/7 doorman and concierge service, a parking garage, a storage room, and a landscaped rooftop deck with an outdoor kitchen and seating.

One Boerum Place is expected to be completed sometime within the first quarter of 2021.

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NYY

[Crawford]

This is a good location for families, as zoned to (arguably) the highest performing public elementary in Brooklyn. Also right by the fancy new Whittle School, and established private schools like Brooklyn Friends, St. Anns, Packer Collegiate, AltSchool.

I bet you the larger units sell well.

[NYer34]

It's pretty jaw-dropping that there's a freaking SURFACE LOT in the absolute heart of Downtown Brooklyn (the one between Joralemon and Adams St.).

That's gotta be a city-owned lot, right?