Builders have broken ground and are busy erecting a nine-story apartment building on Ocean Avenue that’s part of a wave of new development making its way south to Sheepshead Bay.
The Sunset Park-based developer New Empire Real Estate usually sticks
to projects in Downtown and on the other side of the East River, so
this 56-unit building between Kings Highway and Quentin Road is a first
on this turf — but it may not be the last, as the neighborhood is
turning into a hot spot for development, said manager Howard Chen.
“This is a growing area that we think is the next kind of booming
area,” said Chen. “We are looking at different sites over there.”
And the proof is in the plans — developers
have filed plans for 11 buildings six stories or higher along Ocean
Avenue between Kings Highway and Voorhies Avenue since early March 2016, according to city records.
And Zhao’s apartment buildings is just a few blocks away from a pair of massive, office-and-retail centers off of Kings Highway, and another mall coming right outside the Kings Highway B and Q subway station.