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NEW YORK CITY-Marc J. Freud, a principal in the Troutbrook Company, won an intense bidding contest. The total cost of the conversion is estimated at approximately $8 million. The location of the former storage building, North Park Slope, is an extremely popular residential area, and at present there is in excess of 200,000 sf of condominiums being developed in the neighborhood.

636 Pacific Street, to be designated The Atlantic Art Building, consists of a main building and an additional cargo area that will be converted to a Soho-type townhouse with 13-foot ceilings. The rest of the building will be converted into 31 condominium loft-type units, ranging in size from 950 to 2,400 sf. The partnership responsible for the conversion has also acquired an additional 5,000-sf parcel that will be utilized to create garden/public space.

The conversion will make use of the period architectural features of the building, including the ornate façade dotted with cobalt blue 1920s-era medallions. Kenton Wiens, in collaboration with Arlene Somer, was designated to design the interior spaces of the subject property. The apartments will be available for purchase through the William B. May Company. Troutbrook Construction and the Troutbrook Company will act as general contractors.

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