Douglaston's 456-Unit Multifamily Development in Bed-Stuy Tops Out

Construction has reached its peak at 1057 Atlantic Avenue, a 17-story residential complex in Bedford-Stuyvesant, Brooklyn. This project, led by dencityworks and Douglaston Development, promises to deliver 456 rental apartments, including affordable housing units, along with extensive amenities and retail space.

Construction Milestones
The eastern and western faces are being framed with CMU blocks, while installation of the façade on the southern side is imminent. The building's design features protruding volumes with setbacks and a mix of paneling and glass curtain wall.

Amenities and Features
Residents can anticipate a range of amenities, including a gym, communal lounge, game room, and landscaped rooftop deck with panoramic views.

Development Details
Douglaston Development acquired the parcel from BEB Capital and Totem, securing financing from Wells Fargo Bank. The project benefits from a long-term tax exemption and commenced foundation work in May 2022.

Statements from Developers
Jeffrey E. Levine, chairman of Douglaston Development, emphasizes the project's importance for providing affordable housing. CEO of Levine Builders, Paul Finamore, praises the teamwork involved in reaching the topping-out milestone.

Completion Timeline
The anticipated completion date for 1057 Atlantic Avenue is April 2026, according to on-site indications.