470 Vanderbilt Avenue
GFI Capital Resources is gearing up to move forward with a 2009 plan to overhaul 470 Vanderbilt Avenue in Fort Greene with the addition of retail space and a brand new mixed-use building next door.
The two-building complex is to include 376 residential units, 616,555 square feet of commercial space and around 397 underground parking spaces, according to ULURP-approved permits cited by Brownstoner. The two permits were renewed Wednesday night by Community Board 2, having expired since their issuance in 2009 because the project was not completed within a mandated four-year time frame.
The ground floor of 470 Vanderbilt will be converted to retail space, and the developer will fill in the structure’s interior courtyards, according to details of the 2009 proposal. The 10-story loft building currently holds a mix of office and community space, which is used by a school.
The new building next door will rise 12 stories and house the apartment units, 85 of which will be affordable housing. The ground floor will house 32,358 square feet of retail space. [Brownstoner] — Julie Strickland