New developments continue to rise in Downtown Brooklyn and its surrounding areas; just a couple of weeks ago, the tallest office tower in the borough topped out on Albee Square, and back in the summer, a 57-story tower also topped out on Hoyt Street.
Now, Gotham Organization has announced that it plans to develop a new 24-story residential tower and Brooklyn Music School facility not far from there, in Fort Greene, NY1 first reported.
The project will be a 167,000-square-foot mixed-use structure designed by FXCollaborative, and will include a new 20,000-square-foot facility for the Brooklyn Music School, located adjacent to its existing building at 126 St. Felix Street.
The building, located at 130 St. Felix Street, will have a neo-Romanesque design with a pattern of vertical windows and light-colored brick and limestone in its facade. The enlarged BMS facility, which will be owned by the school, will allow for additional and more diverse programming.
The development will have 120 new residential units, approximately 36 of which will be allocated for moderate income homes. Those homes will be sold to households earning between 70 to 100 percent of the area median income (AMI). The developers say that the residences will “cater to families so that they can grow and put down roots in the local community, rather than exhausting income on rent.” The remaining units will be market-rate.
Gotham bought the empty lot for $5.5 million back in 2015. As the lots sits within the Brooklyn Academy of Music historic district, the developers will have to get approval from the Landmarks Preservation Commission, and due to the building’s proposed height, it will also require a spot rezoning. Gotham plans to begin that process with the City Planning Commission in the next few weeks, with a groundbreaking for the project happening in 2021.