A 4th Avenue block which was previously the home of Supercollider Lounge (609 4th Avenue) will soon grow an 11-story mixed-use building as part of a new real estate development.
The Real Deal reported CGI Strategies in Real Estate plans to bring 73 apartments to 613 4th Avenue. According to CGI’s website, the development firm paid roughly $45 million and will comprise of 65,339 square feet.
CGI purchased five properties over the last year — about half the block between 17th and 18th Streets. In addition to the apartments, the firm is planning 4,960 square feet for retail space, a cellar recreation space measuring 2,360 square feet, and 37 bike parking spaces.
Community members were disappointed by the sudden closure of Supercollider, a bar and coffee lounge that focused on the latter in the morning hours, and the former later in the day and evening. Soon after the closing, we asked Robert, Supercollider’s owner, if he had any plans to reopen elsewhere. “No plans right now but will let you know if anything happens,” he told us.
In an email to Park Slope Stoop, CGI spokesperson Brooke Atkins wrote “CGI Strategies is looking forward to the South Slope transformation. We hope all of our developments will provide further vitality to the communities at large.”
While much development has been taking place north of the Prospect Park Expressway, this project joins a bevy of other buildings sprouting up in the area.
A block-long development on 4th Avenue between 15th and 16th Streets has been recently “flipped” to Slate Property Group and Adam America Real Estate, who bought that property in late June for over $25 million. The project is made up of eight contiguous buildings.
Big development has been moving south on 4th Avenue, including a 12-story mixed-use building at 685 4th Avenue (corner of 22nd Street) owned by Steve Cheung.
CGI has developed other properties in Atlanta, Kissimmee, Florida, Los Angeles, and the Upper East Side.