The mixed retail and residential building will encompass the footprint of the sites at 54-27 Myrtle Ave. and 336 and 350 St. Nicholas Ave. At 17 stories, it will dwarf the surrounding buildings.
According to the plans filed earlier this month, there will be two retail spaces within the mixed-use structure, as well as several office spaces.
The site will have 129 residential units, according to Meir Babaev, of developer AB Capstone, owner of the properties.
“We are not quite certain yet regarding the percentage of units that will or will not be affordable. This will depend on the mayor’s office,” Babaev said.
AB Capstone purchased the sites last year and has set aside 87,441 square feet of space for the residential portion of the building; 88,598 square feet for the commercial aspects; and 3,265 square feet for an as-of-yet undefined community facility. This will total a square footage of 179,304 square feet, according to plans.
Babaev also confirmed that the site will have “below-grade attended parking.”
For future residents who depend on public transportation, the development site is located a block from the L and M Myrtle-Wyckoff Avenues subway station, and is near the B13, B26, B52, B54, Q55 and Q58 buses.