Rybak Condo Development On Emmons Avenue Scheduled For Completion In Fall Of 2017
Rybak Development, the company that demolished the El Greco Diner to make way for a seven-story condominium building, says it hopes the development will be completed in the Fall of 2017 and has released a new video showing what the swanky structure will look like along the Sheepshead Bay waterfront.
Rybak purchased the Emmons Avenue property in 2014 for $13 million and quickly won approval for the project from the community board.
The developer is pulling out all the stops in offering amenities and features for the new building, now called The Vue, located at 1809 Emmons Avenue. The company boasts that it will be the first Leadership in Energy & Environmental Design (LEED) certified building in southern Brooklyn.
“The LEED guidelines far exceed the New York City required building code.” said Sergey Rybak, owner of the company. “We feel that it is important to bring that standard to South Brooklyn.”
In order to obtain the certification, Rybak Development must use recyclable building materials, energy efficient lighting, and special insulation. Units will also have superior air circulation and noise mitigating windows.
Other amenities include a rooftop pool on a shared deck and a doorman. There will also be a 9,000-square-foot public plaza and approximately 85 parking spaces for tenants and patrons of the businesses on the ground floor. The building is designed to house nine retail spaces, six of which are equipped for restaurants, inside 26,000 square feet of space. Local zoning laws only allow for recreational businesses to lease on the property.
“We have a number of new, very hip and cool parties that are interested in bringing tested food content to the area,” said Rybak, who declined to name who is interested in leasing space at the Emmons Avenue property. “There is a coffee shop that is going to roast its own beans that is interested in one of the retail spaces.”
The company is still awaiting approval from the Attorney General’s office to market its units as condominiums, Rybak said, but the buyer hopes to have more information about unit size, interiors, and features by the beginning of June. (Rybak has put up a dramatic countdown clock on their website to show when they expect to release this information.)
Rybak owns several other properties, almost all of which are located in southern Brooklyn. Another seven-story condo building being built in on West End Avenue in Manhattan Beach, dubbed The Wave, began selling units in May for as much as $1.6 million. Rybak was also behind the nine-story condominium building on Ocean Avenue, which sold out in less than three months.
Rybak is also one of the investors behind the 140,000-square-foot sports complex, MatchPoint NYC, that replaced the shuttered Brooklyn Racquet Club.