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.

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