Wednesday, October 1, 2014

25-Story Apartment Building Moving in at 33 Bond Street

Developer TF Cornerstone is planning to construct a massive 600,000-square-foot complex of apartments and retail stores between Schermerhorn and Livingston streets in Downtown Brooklyn. The future 33 Bond Street will rise 250-feet from the former site of a five-story parking garage located near the Brooklyn Academy of Music, which they bought for $70 million last year. The 25-story tower will house 714 rental apartments, of which 20 percent will be set aside as affordable housing.

The new building will contain 564,500 square feet of residential apartments with central air conditioning, and 30,000 square feet of retail space at street level.

Despite taller structures presently under construction in Downtown Brooklyn, zoning for the 50,000-square foot development site limits the building’s height to 250 feet.

TF Cornerstone purchased the block-size parking lot at 276-300 Livingston Street from Thor Equities for $70 million last year.

33 Bond Street is being designed by the award-winning firm Handel Architects, which also designed TF Cornerstone’s luxury rental buildings at 455 West 37th Street and 505 West 37th Street, in Manhattan.

TF Cornerstone is one of the most prolific builders in the city and has built steadily through the recession. Their gigantic EastCoast project in Long Island City—a 21-acre, seven-building complex on the site of a former Pepsi factory—is now complete.

The company is presently developing 606 West 57th Street, which will be the largest apartment building in Manhattan once it is complete, and a 36-story and a 41-story apartment building with a total of 1,193 apartments in the Hunters Point South mega-development on the Long Island City waterfront.

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