Tuesday, October 11, 2016

New 17-Unit "Boutique" Condo Building To Rise At 145 President Street

New 145 President Street development. credit: Avery Hall Investments

Avery Hall Investments, a New York real estate and investment firm which is currently developing or completing luxury residential buildings in Cobble Hill, Boerum Hill and Columbia Waterfront District,
has filed construction permits for a 7-story, 17 unit condo building at 145 President Street, between Hicks and Henry Street.

The site is zoned R6A, which has a 70 foot height limit, designed, according to New York City Planning Commission, "to be compatible with older buildings found in medium-density neighborhoods."

From Avery Hall Investments' web site:
Avery Hall Investment, in partnership with Allegra Holding and ARIA Development Group, is developing a 50,000 gross square foot boutique residential development in the heart of Carroll Gardens. The project will be composed of 17 condominiums, a fitness center, resident storage, both common and private terraces and on-site secured resident parking. 

According to New York Yimby, which first reported on the new development this past August, the new building will not only fill an empty lot, but will also incorporate two old four-story brick buildings right next to it.  Apparently, Avery Hall Investments has also acquired air rights from 151 President Street, just a few doors down.

It would seem that demo inside the two small townhouses has already begun and construction fences have been put up.
Completion is scheduled for 2018.


Anonymous said...

70' won't totally overwhelm the neighbors. This lower height improvement is the kind of development that we should support, as opposed to the towers going in at Pier 6.
Does the height design include the rooftop machine room, or are they gonna pull some Pierhouse/Toll Brothers shenanigans and try to say 70' is for living space and an extra 20' (30%) has to be on the roof?

Anonymous said...

Looks pretty decent and replaces an ugly, vacant lot eyesore, but I'm sure Katia's readers will still complain! Progress happens in NYC, deal with it!

Anonymous said...

Ugh! Overcrowded subways & schools....less parking....LICH gone. WTH is going on?

Concetta said...

Blocking views & changing the character of the neighborhood is not progress.

Anonymous said...

70' is to top of slab & excludes bulkheads, stair towers, shade structures that are allowed to block views from the Gowanus projects and not much else.

17 units means they are likely studios and 1 BRs so probably no kids and more hipsters (like Gowanus projects) that spend money locally and support our local merchants, including banks and realtors.