Rendering via aperture538.com
A new rendering and pricing details have emerged for Clinton Hill’s 538 Washington Avenue.
The lot between Fulton Street and Atlantic Avenue, largely empty since 2008, is currently sprouting a five-story, 10-unit structure. Luca Andrisani Architects designed the facade and interiors.
Fort Greene Focus walked by the site and got the first look at the project’s updated design, which will feature a paneled metal screen jutting out from the building’s facade.
Named “Aperture 538,” the finished development will offer studio to three-bedroom apartments, priced from approximately $425,000 to $1.3 million-plus, according to the teaser site that we dug up like a bunch of truffle pigs. The condo offering plan was approved in August, with a total current price of $10,045,050.
Permits were filed back in 2006 for a new five-story, eight unit building, with the infamous Robert Scarano as the architect of record. In 2007, the property sold to 538 Washington Avenue LLC for $1.15 million, according to Department of Finance records. The next year, the existing structure at the site was demolished and the vacant 25′ by 129′ lot went on the market in 2011 with an asking price of $999,000, according to Curbed.
In 2012, the lot sold for $860,000, or $88 per buildable square foot to developer Sam Boymelgreen (he’s listed as a Principal on the condo offering plan), Brownstoner reported. The development site came with the approved permits for a 9,767-square-foot building (12,943 square feet including the basement). The new owner (official name: 538 Washington Holdings LLC) planned to continue the project, according to TerraCRG, who represented both the buyer and seller in the transaction.
However, the under-construction building appears to be on the market again, as Fort Greene Focus noticed. Massey Knakal is marketing the 12,335-square-foot residential development, which will feature private outdoor spaces, a common rooftop terrace and a “functional facade” with a paneled metal screen in front of the balconies, according to the listing. Residents can open the screen for more light and air; when closed, the panels will display an image of the Brooklyn Bridge. Amenities will include basement storage units, a bike room package room and virtual doorman. Of the ten units, one apartment will be a studio, four will be one-bedrooms, two will be two-bedrooms and three will be three-bedrooms.
This isn’t the only new Brooklyn development that Boymelgreen is putting on the sales block; he’s also shopping around The Kestrel, a recently completed building at 33 Caton Place in Windsor Terrace, with an asking price of $90 million, The Commercial Observer reported. The eight-story, 126-unit project offers studio through three-bedroom rentals and was named after a species of falcon in Prospect Park. “It’s really to free up some capital for a special deal that I’m doing,” Boymelgreen told the Observer. “It was a tough decision to make. I was very passionate about this project. In a way, it will never leave my heart.”
Amenities include a concierge, gym, sauna, yoga room, business center, library, theater room, children’s playroom, pet spa, 63 parking spaces, 120 storage units, 65 bicycle storage spaces and a bike share program with 12 custom Kestrel two-wheelers, which we hope will do better than that other bike share system.