1499 Bedford Avenue
Update
11/04/22
Developer Lands $44M for Crown Heights Residential Project
Developer, , has secured a $44 million loan for a 10-story residential project, set to rise at 1499 Bedford Avenue in Brooklyn's Crown Heights neighborhood. Issued by Cross River Bank, the financing will be used to fund all construction costs from start to finish.
The building will contain rental apartments. Tenant amenities are to include a fitness center, a rec area, a game room, a pet spa, and a roof deck. Plans also call for bicycle storage and an enclosed parking garage, with enough room for vehicles.
Designed by Kao-Hwa Lee Architect P.C., 1499 Bedford Avenue will stand feet tall and total square feet.
The project site has already been leveled ahead of the start of construction. is serving as the general contractor, and work is expected to take until at least the summer of 2023.
