{"id":1004122567,"date":"2015-07-06T05:51:33","date_gmt":"2015-07-06T13:51:33","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=354556"},"modified":"2020-05-21T22:25:09","modified_gmt":"2020-05-22T06:25:09","slug":"beigels-bakerys-new-life-as-rental-building","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/beigels-bakerys-new-life-as-rental-building\/","title":{"rendered":"Beigel\u2019s Bakery\u2019s New Life as Rental Building"},"content":{"rendered":"

By Veronica Grecu, Associate Editor<\/em><\/p>\n

The southwestern corner of Clinton Hill is buzzing with activity these days. A new rental building is well under construction at 555 Waverly Ave. between Atlaintic Ave. and Fulton St., where Brooklyn\u2019s famed Beigel\u2019s Bakery operated for over a decade.<\/p>\n

\"555<\/a><\/p>\n

555 Waverly – Clinton Hill, Brooklyn<\/p>\n<\/div>\n

Madison Realty Capital<\/a> purchased the three-story commercial bakery at 551 Waverly Ave. for $23.5 million from Broadway Equities in fall 2014. According to Crain\u2019s New York Business<\/a><\/em>, the company also dropped $7.5 million for three neighboring sites as well as development rights from adjacent properties so that the planned project could accommodate more than 170,000 square feet of development potential. Madison Realty Capital filed plans for new building permits shortly after closing on the transactions. Madison Realty Capital is leading development of the site in partnership with USAA Real Estate Co<\/a>.<\/p>\n

The $88.5 million multifamily project will offer 190 rental apartments in a combination of studios, one-, and two-bedroom dwellings\u2014with 40 units set aside as affordable housing, a roof deck and a fitness center.<\/p>\n

Designed by HTO Architect<\/a>, the eight-story residential structure rising at 555 Waverly Ave. will also include 7,000 square feet of ground floor retail space along Atlantic Ave., New York YIMBY<\/a><\/em> reported. More than 27,000 square feet of the building will be below grade, offering amenity room and storage space, as well as a parking garage for 96 vehicles.<\/p>\n

Rendering credits: HTO Architect<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The southwestern corner of Clinton Hill is buzzing with activity these days.<\/p>\n","protected":false},"author":258,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1600,21742],"tags":[],"class_list":["post-1004122567","post","type-post","status-publish","format-standard","hentry","category-new-york","category-latest"],"acf":[],"yoast_head":"\nBeigel\u2019s Bakery\u2019s New Life as Rental Building - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/beigels-bakerys-new-life-as-rental-building\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Beigel\u2019s Bakery\u2019s New Life as Rental Building\" \/>\n<meta property=\"og:description\" content=\"The southwestern corner of Clinton Hill is buzzing with activity these days.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/beigels-bakerys-new-life-as-rental-building\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-07-06T13:51:33+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-22T06:25:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/07\/555-Waverly-Clinton-Hill-Brooklyn.jpg\" \/>\n<meta name=\"author\" content=\"Veronica Grecu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@VeraGrecu\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/\"},\"author\":{\"name\":\"Veronica Grecu\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/e8362e8641769829162f16fe58091f62\"},\"headline\":\"Beigel\u2019s Bakery\u2019s New Life as Rental Building\",\"datePublished\":\"2015-07-06T13:51:33+00:00\",\"dateModified\":\"2020-05-22T06:25:09+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/\"},\"wordCount\":235,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/07\\\/555-Waverly-Clinton-Hill-Brooklyn.jpg\",\"articleSection\":[\"New York\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/beigels-bakerys-new-life-as-rental-building\\\/\",\"name\":\"Beigel\u2019s Bakery\u2019s New Life as Rental Building - 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