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Construction Start
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December 2007
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Occupancy Date
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July 2009 (anticipated)
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Number of Units
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152 Apartments in 2 Buildings
Studios, 1, 2 and 3 Bedrooms
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Building Size
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155,000 Square Feet of Residential Space in 2 Buildings 6,345 Square Feet of Retail Space 94 Spaces of Public Parking
8 Floors
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Development Cost
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$53 Million
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Capital Financing
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NYC Housing Development Corporation
NYC HPD Loan
JPMorgan Chase Bank
Wachovia Affordable Housing Community Development Corporation
Inclusionary Sale Proceeds
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Nonprofit Partner
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NYC Housing Partnership
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Community Partner
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Churches United Corp.
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Co-Developer
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L&M Development Partners
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Architect
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Curtis + Ginsberg Architects
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Contractor
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L&M Builders LLC
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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.
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Rendering: Varet Street
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Rendering: Cook Street
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Site Plan
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Second Floor Plan
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Site Before Construction
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