Development Update: Myrtle Avenue in Fort Greene

Wed, Feb 26th, 2014

Image Credit: Myrtle Avenue Brooklyn Partnership

Image Credit: Myrtle Avenue Brooklyn Partnership

In a recent New York Times interview, real estate developer John Catsimatidis gave more information about the phasing of his three newest buildings on Myrtle Avenue in Fort Greene.  Construction of 81 Fleet Place (at Myrtle) is underway (see photo above) and Catsimatidis expects it to be finished by the fall of 2014.  When completed, it will have 205 rental units and 13,000 square feet of retail space (see rendering below).

Image Credit: Dattner Architects

Image Credit: Dattner Architects

Catsimatidis expects to start the foundation for a similarly-sized building this spring (second building in the sketch below).  It will have 213 residential units and 11,000 square feet of retail.  Shortly thereafter, he expects to start work on a 40-story tower (fourth building in the sketch below).  As we understand it, the tower will also have retail on the ground floor.  Catsimatidis’ first building on Myrtle Ave, The Andrea, was completed in 2008.

Image Credit: Dattner Architects

Image Credit: Dattner Architects