1042 Atlantic Avenue
Update
03/18/24
Developer Lands $109M Loan for Crown Heights Mixed-Use Project
Developer, , has just obtained a $109 million loan for a 17-story, Class-A multifamily development, going up at 1034-1042 Atlantic Avenue in Brooklyn's Crown Heights neighborhood. Issued by QuadReal Property Group, this influx of capital will help to fund most of the construction costs.
The building will contain rental apartments, offered in studio, one, and two-bedroom configurations. Plans also call for square feet of ground-floor retail space. Tenant amenities are to include a state-of-the-art fitness center, a golf simulator, a screening room, a karaoke room, tenant and social lounges, kids rooms, and a business center.
Designed by , with serving as the general contractor, the building will stand feet tall and total square feet altogether. Foundation pours are currently in progress and work is expected to take until the winter of 2025.
