827 Sterling Place Update 05/23/24

7-Story Multifamily Project Tops Out in Crown Heights

General contractor, , has topped out the concrete superstructure of a 7-story, residential development, going up at 827 Sterling Place in Brooklyn's Crown Heights neighborhood.

Developed by Haussmann Development, and project partner, Kriss Capital, the building will be known as "The Royal". It will contain rental apartments, offered in studio, one, and two-bedroom configurations. Approximately 23 of these units will be dedicated to affordable housing.

Tenant amenities are to include a fitness center, a roof deck, a resident lounge, a children's playroom, and a bicycle storage area. Plans also call for a cellar level and an enclosed parking garage, with enough room for vehicles.

Designed by , the structure stands feet tall and totals square feet. Construction is expected to finish by the summer of 2025. Back in September of last year, the team secured a $38.5 million loan for the project, which was issued by Urban Standard Capital. The funding is being used to cover a majority of the construction costs.

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