Carter HorsleyJun 16, 2016
Carter's Review
Avery Hall Investments and co-developer OTL Enterprises are moving ahead with the Brooklyn development of a two 5-story condominium buildings at 161-163 Columbia Street located in the Columbia Street Waterfront District.
The pair bought the lots in 2014 with the help of the nonprofit Carroll Gardens Association. Aiming to keep the neighborhood affordable, the deal maintains that the proceeds of the sale would be used to ensure below maket rents for at least 28 units with the possibility of developing 70 more affordable apartments in Red Hook.
The demolition of the three-story walk-up at 161 Columbia Street was only recently completed and construction of the planned 15,000 square foot development will kick off this summer. Brooklyn-based Bricolage Design Associates are executing the project which will display single pane rectangular windows in addition to a dark Roman brick exterior. Each of the buildings will house one floor-through residences on floors 1-3 as well as private terraces and a fifth level penthouse. The primarily vacant waterfront will guarantee each residence unimpeded views of the New York Harbor and Lower Manhattan. Construction is scheduled to be completed by mid-2017.
- Condo built in 2017
- Located in Cobble Hill
- 8 total apartments 8 total apartments
- 10 recent sales ($389.9K to $2M)
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