Renderings unveiled for 218 Front Street in Vinegar Hill, Brooklyn
Chess Builders, a New York-based developer, has revealed renderings of a future rental building at 218 Front Street in Vinegar Hill, Brooklyn. Designed by S. Wieder Architect, the building will rise seven stories and replace a single-story warehouse.
The residential component will include 218 apartments, including 152 units at market price and 66 affordable units with limited income conditions. The project team has not announced how affordable the units will be.
Additional components include 350 square foot commercial space and 180 square foot community space. Chess Builders also did not provide any information on how these spaces will be activated once the building is complete.
The rendering shows the structure clad mostly in light-colored brick surrounding an irregular window grille. Above the fifth floor, the envelope is composed of floor-to-ceiling glass with dark mullions. The reverses of the sixth floor are surmounted by landscaped terraces.
Earlier this week, Chess Builders secured a $135 million construction loan to complete the project. The financing was provided by Valley National Bank, a regional bank holding company headquartered in Wayne, New Jersey.
“We are thrilled to be working with Mr. Schwimmer and his team to bring this project to fruition,” said Chris Coiley, Head of Commercial Real Estate at Valley National Bank, of Chess Builders Founder and Owner Cheskel Schwimmer. . “Providing additional housing options in Brooklyn’s sought-after section of Vinegar Hill fits into Valley Bank’s footprint, while working with a seasoned and knowledgeable developer is a successful combination.”
Chess Builders has not announced when the project is expected to debut.
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