Construction Start

December 2007

Occupancy Date

July 2009 (anticipated)

Number of Units

152 Apartments in 2 Buildings
Studios, 1, 2 and 3 Bedrooms

Building Size

155,000 Square Feet of Residential Space in 2 Buildings
6,345 Square Feet of Retail Space
94 Spaces of Public Parking
8 Floors

Development Cost

$53 Million

Capital Financing

NYC Housing Development Corporation

NYC HPD Loan

JPMorgan Chase Bank

Wachovia Affordable Housing Community Development Corporation

Inclusionary Sale Proceeds

Nonprofit Partner

NYC Housing Partnership

Community Partner

Churches United Corp.

Co-Developer

L&M Development Partners

Architect

Curtis + Ginsberg Architects

Contractor

L&M Builders LLC

This project is the first newly constructed building to use the upland Inclusionary Housing Program adopted with the rezoning of the Williamsburg/Greenpoint Waterfront in Brooklyn Community Board #1, providing affordable housing in a rapidly gentrifying area. Developed on private land and a Municipal Parking Lot that were rezoned, the 152 affordable apartments will be located in two buildings facing both Cook Street and Varet Street. The development will feature retail stores on Varet Street and an attended public parking garage to replace the existing Municipal Lot. A deck above the ground floor parking garage will hold a landscaped rear yard with a children’s play area and green roof. The building facades incorporate complementary brick and precast colors and feature window returns that will bring additional light to the units and will highlight the facades at night.

Rendering: Varet Street

Rendering: Cook Street

Site Plan

Second Floor Plan

Site Before Construction