KeyFood Replacing Development To Proceed At 120 5th Ave “Within A Matter Of Months”
PARK SLOPE – After receiving the okay to increase the height of its project at the KeyFood site at 120 Fifth Avenue last year, Avery Fisher Hall Investments (AHI) said it hoped to begin construction in Spring 2018, pending approval from the Department of City Planning.
Spring has come and gone and neighbors have been wondering what’s going on with the project since no signs of work have appeared yet. AHI is currently in the process of “completing the final paperwork with the City and expects the project to commence within a matter of months,” a representative for the development firm told BKLYNER. “We will provide an updated timeline as soon as we have one,” she added.
AHI proposes to build two mixed-use buildings on the site. The north building, planned for 5th Avenue and Baltic Street, would rise 75-feet-high at six stories, after the Community Board 6 Landmarks and Land Use Committee voted to do away with the 40 feet height restriction in June 2017. The south building would stand four stories tall. A pedestrian plaza will be run between the two buildings and provide access to Butler Street which is currently blocked off by a wall on the western side of the KeyFood parking lot. The plan includes approximately 186 underground parking spaces beneath the north building.
A new affordable 22,000-square-foot supermarket will replace the KeyFood currently located at the site. The project includes 50,000 square feet of additional commercial space as well as 165 rental units, 41 of which will be affordable and approximately 16 of those will be set aside for very low-income families.
BKLYNER will update once more information becomes available on the project schedule and KeyFood’s imminent closing.
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