827 Sterling Place
Update
10/23/23
Demolition Permits Obtained for Crown Heights Multifamily Project
Wrecking contractor, ALBA Services, has obtained permits to demolish a 2-story parking garage, located at 827 Sterling Place in Brooklyn's Crown Heights neighborhood. Sitting on a rectangularly shaped, square foot lot, the old structure will be replaced by a brand new, 7-story, residential building.
Last month, Haussmann Development, and project partner, Kriss Capital, landed a $38.5 million loan for the project, which was issued by Urban Standard Capital. The funding will be used to cover a majority of the construction costs.
To be known as "The Royal", the building is set to 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 will stand feet tall and total square feet. Construction is expected to finish by the summer of 2025.
