Avery Hall Plans Rentals on Border of Gowanus and Park Slope
Avery Hall Investments unveiled plans Thursday for 272 4th Ave. on the border of Brooklyn’s Gowanus and Park Slope neighborhoods. The firm this week added to its assemblage with a $5.3-million purchase of adjacent sites. The project will be designed in-house by Avery Hall.
The project, which is contingent on the passage of the City of New York’s Gowanus Area Rezoning, is planned to include approximately 125 rental apartments, including more than 30 affordable units. However, it would include roughly 75 additional apartments – including at least 20 more affordable homes – with Avery Hall’s potential purchase of roughly 50,000 square feet of air rights from the city.
“Right now, we have a one-time opportunity to add more mixed-income housing for Brooklyn families to the project,” said Brian Ezra, founding principal at Avery Hall. “We’re hopeful our partners at the city will leverage it to address these important public policy goals.”