BEDFORD-STUYVESANT — A 24-unit, seven-story apartment building is set to rise along Bedford Avenue, with construction expected to begin in December, according to a new developer who picked up the property.
1044 Bedford Holdings LLC bought the lot at 1044 Bedford Ave. in October for $5.26 million, according to city records. The company is a subsidiary of Manhattan-based commercial real estate development and investment firm Prime Rok Real Estate, representatives said.
The site was previously owned by 555 Gates LLC, records show, and changed hands several times in the past two years.
Prime Rok plans to keep in line with most of the original proposals filed for the site by another previous owner, Devhop LLC, according to Shah Eatemadpour, Prime Rok’s head of acquisitions.
The new building near the corner of Lafayette Avenue will cover a projected 24,253 square feet, Eatemadpour said, with a mix of one and two-bedroom rentals as well as duplexes on the ground floor.
There will be space for a roof deck, along with a lounge and gym on the bottom floor, he added.
1044 Bedford Ave. would be one of the latest additions to a major Bed-Stuy corridor that some brokers call “condo canyon.”
Prime Rok released a new rending of the project from their in-house architect, which shows floor-to-ceiling windows and a blue and gray-toned façade.
Construction is anticipated to begin next month, Eatemadpour said, with an estimated completed date in December 2017.