X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

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.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. Apartments 2020Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.