{"id":79899,"date":"2022-11-19T17:02:59","date_gmt":"2022-11-19T17:02:59","guid":{"rendered":"https:\/\/loopbeatzz.info\/wp\/moinian-group-jv-begins-brooklyn-adaptive-reuse-multi-housing-news\/"},"modified":"2022-11-19T17:02:59","modified_gmt":"2022-11-19T17:02:59","slug":"moinian-group-jv-begins-brooklyn-adaptive-reuse-multi-housing-news","status":"publish","type":"post","link":"https:\/\/loopbeatzz.info\/wp\/moinian-group-jv-begins-brooklyn-adaptive-reuse-multi-housing-news\/","title":{"rendered":"Moinian Group JV Begins Brooklyn Adaptive Reuse &#8211; Multi-Housing News"},"content":{"rendered":"<p><strong>The Moinian Group<\/strong>, in a joint venture with <strong>Bushburg<\/strong>, has begun its construction on The Empire State Dairy Co. building, an adaptive reuse of the 36,000-square-foot historic property located at 2840 Atlantic Ave. in Brooklyn, N.Y. The redevelopment efforts include the construction of a 370,000-square-foot, 320-unit mixed-income apartment tower, in addition to several commercial properties, with the project\u2019s completion scheduled for January of 2024. Preleasing is expected to follow shortly thereafter.<br \/>The Empire State Dairy Co. building was constructed in 1914 and was originally part of a row of industrial buildings and warehouses. Bushburg had acquired the building in 2018, according to CommercialEdge information. <strong>Dattner Architects<\/strong> is overseeing the redevelopment efforts. The community will offer a mix of studio, one-, two- and three-bedroom apartments, featuring both affordable and luxury arrangements. Residents will have access to a rooftop terrace, a fitness center, co-working space, a lounge and private parking. The joint development will add a further 21,000 square feet of retail space, in addition to an attached charter school. The owner and developer are also planning to restore the building\u2019s brick fa\u00e7ade, in addition restructuring the building and laying out a new roof.<br \/>The project&#8217;s location on Atlantic Avenue places it within walking distance of Brooklyn\u2019s Highland Park, in addition to numerous employers and transportation nodes. The property is 7 miles from Manhattan and 5 miles from John F. Kennedy International Airport.<br \/>The conversion of the warehouse site is the second joint venture between Moinian and Bushburg. The firms recently collaborated on PLG, a 467-unit luxury development in Brooklyn\u2019s Prospect Lefferts Gardens neighborhood.<br \/>Adaptive reuse continues to be a <a href=\"https:\/\/www.multihousingnews.com\/why-multifamily-adaptive-reuse-is-on-the-rise\/\">lucrative and sought-after<\/a> endeavor for multifamily developers, as the redevelopment of existing properties has allowed them to <a href=\"https:\/\/www.multihousingnews.com\/adaptive-reuse-aids-multifamily-development\/\">sustainably expand<\/a> their portfolios and meet already high demand across the market. Furthermore, it has allowed the properties to uniquely appeal to renters, by way of their historical significance. Adaptive reuse also has its appeals in affordable housing, as the nation faces a crisis of unprecedented scale in both the need for affordable units and the availability shortage.<br \/>The latest multifamily news, delivered every morning.<br \/><input id=\"email\" name=\"email\" size=\"25\" type=\"text\" placeholder=\"Email address\" \/><br \/><input id=\"format_mime\" name=\"format\" type=\"hidden\" value=\"mime\" \/><input id=\"subscribebutton\" type=\"submit\" value=\"Subscribe\" \/><\/p>\n<p>Like what you&#8217;re reading? Subscribe for free.<input type=\"email\" id=\"email\" style=\"     margin-left: 10px; \" placeholder=\"Enter your email address\" name=\"email\"> <input name=\"cmd\" type=\"hidden\" value=\"subscribe\" \/> <input name=\"wxuiversionfirst\" type=\"hidden\" value=\"\" \/>  <input name=\"goto\" type=\"hidden\" value=\"https:\/\/www.multihousingnews.com\/confirmation\/\" \/>  <input name=\"errors_to\" type=\"hidden\" value=\"https:\/\/www.multihousingnews.com\/subscription-error\/\" \/>  <button type=\"submit\" value=\"Subscribe\" \/>Subscribe<\/button><br \/>\u00a9 2022 \u2013 Multi-Housing News Online<\/p>\n<p><a href=\"https:\/\/news.google.com\/__i\/rss\/rd\/articles\/CBMiUWh0dHBzOi8vd3d3Lm11bHRpaG91c2luZ25ld3MuY29tL21vaW5pYW4tZ3JvdXAtanYtYmVnaW5zLWJyb29rbHluLWFkYXB0aXZlLXJldXNlL9IBAA?oc=5\">source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Moinian Group, in a joint venture with Bushburg, has begun its construction on The Empire State Dairy Co. building, an adaptive reuse of the 36,000-square-foot historic property located at 2840 Atlantic Ave. in Brooklyn, N.Y. The redevelopment efforts include the construction of a 370,000-square-foot, 320-unit mixed-income apartment tower, in addition to several commercial properties, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":79900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-79899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/posts\/79899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/comments?post=79899"}],"version-history":[{"count":0,"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/posts\/79899\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/media\/79900"}],"wp:attachment":[{"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/media?parent=79899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/categories?post=79899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/loopbeatzz.info\/wp\/wp-json\/wp\/v2\/tags?post=79899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}