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# Alloy Development Buys Phoenix House Buildings In DUMBO
- URL: https://bklyner.com/alloy-development-buys-phoenix-house-buildings-in-dumbo/
- Published: 2018-07-19T19:16:12.000Z
- Updated: 2018-07-19T19:16:12.000Z
- Author: Pamela Wong
- Tags: DUMBO, Nonsponsored, North Western Brooklyn, 146 Plymouth Street, 42-50 Jay Street, Alloy Development, Phoenix House, #wp

DUMBO – Alloy Development is in contract to purchase 42-50 Jay Street from [Phoenix House](https://www.phoenixhouse.org/?ref=bklyner.com), [The Real Deal](https://therealdeal.com/2018/07/17/3303323/?ref=bklyner.com) reports.

![](/content/images/bklyner/wp-content/uploads/2018/01/Screen-Shot-2018-01-29-at-12.27.18-PM.png)

50 Jay Street, DUMBO via Google Maps

The non-profit addiction treatment and rehab organization [Phoenix House announced in January](/mount-sinai-opens-urgent-care-center-dumbo-phoenix-house-selling-two-jay-street-properties/) that it was selling its 68,500-square-foot property located in DUMBO. The asking price was estimated at $60 million, [Crain’s New York](http://www.crainsnewyork.com/article/20180126/REAL%5FESTATE/180129934/cash-strapped-phoenix-house-puts-dumbo-properties-on-the-market?ref=bklyner.com) reported at the time, though the purchase price is not known.

Phoenix House has owned the property since 1973, which features two interconnected buildings—the five-story 50 Jay Street which was home to the Phoenix House offices, and the seven-story 42 Jay Street, which housed the Phoenix Life Center, a $9 million residential substance treatment center that opened in September 2017 and closed soon after in December.

The treatment center featured an in-house chef as well as a rooftop gym, and reportedly charged clients $18,500 a month. The facility was licensed for 125 beds, but the number of those filled was approximately 15, [Crain’s](http://www.crainsnewyork.com/article/20180126/REAL%5FESTATE/180129934/cash-strapped-phoenix-house-puts-dumbo-properties-on-the-market?ref=bklyner.com) reported.

Alloy recently presented its [plans for 42-50 Jay Street](https://www1.nyc.gov/assets/lpc/downloads/pdf/presentation-materials/20180717/42-50-Jay-Street.pdf?ref=bklyner.com) to the [NYC Landmarks Preservation Commission](https://www1.nyc.gov/site/lpc/index.page?ref=bklyner.com). 42 Jay Street was built in 1921 and 50 Jay in 1891, according to [New York YIMBY](https://newyorkyimby.com/2018/07/renderings-revealed-for-42-50-jay-street-aka-168-plymouth-street-dumbo-brooklyn.html?ref=bklyner.com).

![](/content/images/bklyner/wp-content/uploads/2018/07/Screen-Shot-2018-07-19-at-2.52.12-PM.png)

Via Alloy Development’s NYC LPC [presentation](https://www1.nyc.gov/assets/lpc/downloads/pdf/presentation-materials/20180717/42-50-Jay-Street.pdf?ref=bklyner.com)

Alloy proposes to rename the property 168 Plymouth Street, restore the windows, and build a two-story addition atop it. 168 Plymouth will feature approximately 46 condominiums, according to YIMBY, as well as a courtyard, fitness center, storage, and laundry in each apartment. The newly constructed ninth floor will offer a “full-floor suite with an outdoor terrace.”

Alloy Development declined to comment on the deal when BKLYNER contacted a representative of the firm. Alloy developed [One John Street](http://onejohnst.com/?ref=bklyner.com), a 42-unit luxury condo in Brooklyn Bridge Park, and in 2016 purchased a parking lot on the [corner of Nevins and Carroll Streets](/gowanus-parking-lot-to-become-almost-10k-square-foot-office-headquarters-for-alloy-development-parkslopestoop/) in Gowanus for the site of its new headquarters.

Alloy is also behind the controversial 80 Flatbush project which proposes to build two new mixed-use towers, one 38 stories and the other 74, in Boerum Hill. 80 Flatbush would include 700 market-rate apartments and 200 permanently affordable units and feature a 15,000-square-foot cultural space, 40,000-square-foot ground floor commercial/retail space, and two schools.