1057 Atlantic Avenue
Update
02/29/24
450+ Unit Building Tops Out in Bed-Stuy
General contractor, , has topped out the concrete superstructure of a 17-story, mixed-use project, going up at 1057 Atlantic Avenue in Brooklyn's Bedford-Stuyvesant neighborhood.
Jointly developed by Douglaston Development, Totem, and BEB Capital, the building will contain apartments, offered in one, two, and three-bedroom configurations. Approximately 137 of these units are to be dedicated to affordable housing.
Amassing over 35,000 square feet combined, tenant amenities are to include a fitness center with a golf simulator, a resident lounge, a landscaped roof deck, rooms for games and movies, and a children's playroom. In addition to residential space, plans call for square feet of ground-floor retail space, as well as an enclosed parking garage, with enough room for vehicles.
Designed by , the structure stands feet tall and totals square feet altogether. Construction is expected to complete sometime in late 2025. The project is estimated to cost nearly $320 million and Wells Fargo Bank has already supplied a construction loan, valued at $185 million.
