Development plan for 48th and Greenpoint Ave. (source YIMBI)
March 26, 2015 By Christian Murray
The developer of a Greenpoint Avenue site–once home to King Boulevard and a number of neighboring stores–has filed plans with the Department of Buildings to construct a four-story, mixed-use building.
AB Capstone, which bought 47-16 to 47-24 Greenpoint Ave. in October, has filed plans to build a four story building, which would include 6,400 square feet of ground floor retail. AB Capstone also plans to build community facility space (such as professional offices) on the second floor.
The plan calls for apartments on the third and fourth floors, with five units on each. The total residential space is 7,800 square feet.
The filing comes just five months after the AB Capstone sought approval to demolish the existing two story properties that were occupied by King Boulevard, SSS Video, Azteca Restaurant and upstairs apartments.
AB Capstone is looking to break ground at the end of the summer, the developer told YIMBY, with an 18-month construction timeframe.
Previous Coverage: Demolition permits filed as section of Greenpoint Ave to be bulldozed
Landlord forces three Greenpoint Ave. stores to close
