Arthur Bocchi’s GPB Realty Capital has begun construction on a ground-up 14-story condominium at 215 Schermerhorn Street in Downtown Brooklyn. Per the official DOB permits filed last year, the building will hold 48 residences, two retail spaces and an ample amenity package. Excavation at the narrow site is ongoing and completion should be expected within two years. The project’s small lot is hemmed between the two-building rental, the Addison, and Rose Associates’ underway rental tower 210 Livingston Street.
Morris Adjmi Architects is serving as the designer with Stribling & Associates tapped to handle residential sales and marketing according to The Real Deal. A freshly-posted rendering on the site’s fence provides us our first peek at the design. An understated façade composed of tan-colored masonry and neat rows of multi-pane windows define the exterior. Arched frames at the second and uppermost levels and a roofline cornice add come conservative flourishes to the design.
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Construction underway; CityRealty
CityRealty
Zoning Diagram via NYC DOB
There will be 3 to 4 residences per floor inside the 14-story building and amenities will include a fitness center, communal rooftop terrace, a lounge/media room, children’s playroom, bike storage and a laundry room.
The envisioned ground-level storefronts should help energize this rapidly changing strip of Schermerhorn Street. A grocer, café and restaurant have opened in the building directly across the street. Additionally, an entrance to the A, C, and G train’s Hoyt-Schermerhorn station is located a few doors down and can shuttle commuters into lower Manhattan in roughly 10 minutes.
While the bulk of the residential product coming to the Downtown Brooklyn market has mostly been rentals, recently a handful of mid-size condo buildings have debuted along the neighborhood’s border with Boerum Hill. Nearby at 319 Schermerhorn Street, the Nevins is under construction where a majority of its 73 condos are signed in contract. Further west is the recently-opened condo tower called the Boerum, There, just about all of its sponsor units had quickly sold out averaging about $1,300 per square foot.
Google Earth view of future Downtown Brooklyn skyline; CityRealty
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