Bermuda Realty Plans 278-Unit Mixed-Use Project at 1720 Atlantic Avenue in Crown Heights

Key Points

• Bermuda Realty plans a 13-story mixed-use development at 1720 Atlantic Avenue in Brooklyn’s Crown Heights.
• The 360,000-square-foot project will deliver 278 rental units, including 70 affordable apartments.
• The project will also include 50,427 square feet of retail and 17,421 square feet of community facility space.

What the Crown Heights development includes

A new mixed-use project is moving forward at 1720 Atlantic Avenue in Crown Heights, where Bermuda Realty plans to redevelop an existing strip mall site into a large residential complex. The IMC Architecture-designed project will rise 13 stories and span roughly 360,000 square feet. Plans call for 278 rental apartments, with 70 units set aside as affordable housing, along with significant retail and community space. The development will occupy a 48,300-square-foot site bordered by Atlantic Avenue, Michael Griffith Street, and Schenectady Avenue. Once complete, it will add a sizable residential component to a corridor that has historically been dominated by low-rise commercial and industrial properties.

What the design and layout look like

Renderings show a large structure with a multi-layered massing and mixed façade materials. The lower levels will feature red brick, with floor-to-ceiling storefront windows designed to attract retail tenants along Atlantic Avenue. Upper floors step back gradually, creating terraces and outdoor space while reducing the building’s street presence. A grid of loggia-style balconies will run across the façade, while the upper levels transition into a gray metal-clad volume with expansive glass. Although the building appears unified in the renderings, IMC Architecture’s plans indicate the project will consist of two separate structures within the same complex.

What replaces the existing property

The development will replace a single-story strip mall with 56 parking spaces, currently occupying the site. Redeveloping low-density commercial sites like this has become a common strategy along Atlantic Avenue, where city planners and developers are pushing for higher-density housing projects. The New York City Council approved the project in December 2025, clearing the path for redevelopment.

What the location means for future tenants

The property sits within walking distance of the Utica Avenue subway station, which serves the A and C trains, providing direct access to Manhattan and other parts of Brooklyn. Transit access and major corridor frontage make the site attractive for ground-floor retail and rental housing, two segments that have seen continued demand in Brooklyn.

What the project means for Atlantic Avenue development

The project is part of a broader transformation of Atlantic Avenue, where rezonings and redevelopment have triggered a wave of new housing projects. Developers have increasingly targeted former industrial and auto-oriented parcels along the corridor for large residential and mixed-use buildings, adding thousands of new apartments in recent years. At an estimated $172.5 million development cost, the project represents another major private investment in Crown Heights. A construction timeline has not yet been announced. For investors and landlords watching Brooklyn’s growth corridors, Atlantic Avenue continues to emerge as a key redevelopment zone, where underutilized sites are steadily turning into large-scale residential projects.