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Park Slope’s community board has approved plans to replace the neighborhood Key Food with a mixed-use development, BKLYNER reports. Last week, Community Board 6’s Landmarks and Land Use committee approved the developer’s request to build a taller building than this particular site at 120 Fifth Avenue allows.
The site is part of an Urban Renewal Plan from 1981, which is set to expire in 2022, and imposes height restrictions of 40 feet. The developer, Avery Hall Investments, wants to build based on the maximum zoning height of the overall area, which is 75 feet.
As plans stand right now, the current Key Food will be replaced by two towers: a north tower that will stand six-stories tall and be located at the intersection of Fifth Avenue and Baltic Street, and a south tower that will stand four stories tall. Both buildings will be connected by a plaza, which in turn will also open access to Butler Street, which is currently blocked off by a wall on the Key Food site.
In all, the development will bring 165 rentals to Park Slope, and 41 of those will be affordable units. Sixteen of those affordable units will be set aside for very low-income families: those making about $36,000 per year for a family of four.
The retail component of the project spans 50,000 square feet, and 22,000 square feet of that will be taken up by a new supermarket. Finally, 186 new underground parking spots will also be created as part of the development.
Park Slope residents initially rejected this plan on the grounds that neighborhood was losing an affordable grocery store, and because the affordable units weren’t affordable enough. The developer made some concessions and now the community board, and local elected officials are backing this plan. The developer now has to wait on approval from the City Planning Commission to move forward, and Avery Hall hopes to begin construction in the spring of 2018.
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