Permits for GFI Capital Resources Group's 12-story mixed-use project at 470 Vanderbilt Avenue were approved back in 2009, but nothing ever happened at the site, which is located just a few blocks from the Barclays Center and Atlantic Yards. This week, the local community board re-approved the plans, and according to Brownstoner, it seems like things are actually going to happen. The property holds a very grey, very monolithic structure on the southern end near Atlantic Avenue, and the new building will sit at the north end of the site, along Fulton Street (currently a parking lot). The renderings look the same as what was originally reveal nearly five years ago. The project will be a two-building complex with 376 apartments (85 of which will be affordable), 616,555-square-feet of commercial space, and nearly 400 underground parking spaces. The existing building on the site will be converted to retail, and its courtyards will be filled in.
· Big Mixed-Use Development Planned for 470 Vanderbilt Avenue [Brownstoner]
· 470 Vanderbilt Avenue coverage [Curbed]