Permits have been filed for a new rental building at 555 Waverly Avenue in Clinton Hill, according to New York YIMBY. The project—developed by Madison Realty Capital, who bought the property for $23.5 million—would have five stories and 122 units (25 of which will be priced below market rate), spread across 87,000 square feet. Ground-floor retail space will take up around 7,700 square feet. HTO Architect will be designing the building, which is due to break ground in March. It will replace a commercial bakery. [YIMBY]
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