NY Yimby excerpt -
Yesterday, YIMBY brought you news of a new building permit filing for a site in Sheepshead Bay, destined for a 30-story tower catering to the neighborhood’s burgeoning Russian population.
Now, one neighborhood over, southern Brooklyn’s other major growing
immigrant group – the Chinese – are getting a tower of their own.
Yesterday, a new building permit was filed for a 24-story tower at 2300
Cropsey Avenue, between Cropsey and the Belt Parkway in the Bath
Beach section of Brooklyn, sometimes thought of as a part of
At 273 feet and 24 stories, the Michael Kang-designed
tower will be by far the tallest new building catering towards Chinese
buyers in the outer boroughs, nearly twice as tall as the medical center
and hotel building that Richard Xia is developing in Flushing. It
also marks the ascendency of the Chinese as the dominant ethnic force
in real estate across southern Brooklyn, certainly with the largest
expanse of land.
The nearly 350,000-square foot building at 2300 Cropsey will contain
170 apartments – we’re guessing condos – divided over 200,000 square of
net residential space, for a roomy but modest unit size of almost 1,200
square feet. There will be 60,000 square feet of community facility
space, likely marketed towards doctors, with 337 garage parking spaces
and a surface lot that will hold 32 stalls.
The developer listed on the deed and building permit is Meng Hua Wang
at Flushing-based W&L Group Construction, but YIMBY has also heard
that Richard Lam of Success Team Realty is involved. The parcel traded
for $19 million in January. The site is currently a gutted six-story
building that was last used as a nursing home.