RESIDENTIAL

Developers Close On $105M Loan To Complete 2840 Atlantic Avenue In East New York, Brooklyn

NY Yimby | May 26, 2022

The Moinian Group and Bushburg have successfully closed on a $105 million construction loan to complete 2840 Atlantic Avenue, a rising property in East New York, Brooklyn that will include residential and affordable housing units, community space, lower-level retail, and 109 parking spaces.

The project includes a substantial redevelopment and expansion of The Empire State Dairy Building, a landmarked building originally constructed in 1915. The building was completed by architects Theobald Engelhardt and Otto Strack and housed the Empire State Dairy Company until the mid-20th century.

Led by Dattner Architects, the scope of work includes restoration of the building’s poorly maintained façade, partial demolition of two adjacent structures, and a new 14-story residential tower positioned above the old structure. Along Atlantic Avenue, the historic façade will feature modern windows, pin-mounted “Empire State Dairy Co.” signage, reestablished piers and pediments at the roof, and new rooftop mechanical systems.

The new towers above the historic building will feature a dark brown and gray brick façade and multiple setbacks for large residential terraces.

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