Park Slope will have fewer parking spaces and more apartments.
At 341 10th Street in the Brooklyn neighborhood, right where the elevated F and G trains have burrowed underground, Larry Gluck’s Stellar Management wants to set up.
Stellar filed Thursday for a rezoning that would allow it to add two rental buildings in the middle of the block between 4th and 5th avenues, where the company already owns two 12- and 18-story apartment buildings, as well as a Sizeable parking lot and garage.
The proposal seeks to turn the parking lot into more condominiums, introducing two towers that wrap around the MTA subway cover at the center of the block and sit side by side with the existing buildings.
Stellar’s existing buildings on the site total 154 units and occupy 170,000 square feet. If the application goes through, the new construction would more than triple: 319 additional apartments, as many as 96 of which would be set aside as affordable, spread across two buildings at 17 and 19 stories tall.
The new building will also add 6,750 square feet of retail space on 9th Street and create what Stellar describes in its application as 4,600 square feet of “community facility space,” which could become medical offices.
The historically low-rise Park Slope has seen a flurry of project proposals from developers in recent years.
A short walk from Stellar’s project, on the corner of Fourth Avenue and 9th Street, Ranco Capital is developing an 11-story project called The Deermar that will include 72 apartments.
In the nearby northern end, Billy Macklowe and GreenBarn Investment Group (formerly Senlac Ridge Partners) are developing a 300,000 sq. ft. rental project Located at 120 Fifth Avenue, it will bring 180 rental units, CVS and Brooklyn’s first Lidl supermarket to the area.
Stellar Management, the developer and sometimes contentious landlordwith more than 100 multifamily buildings and 2 million square feet of offices in New York City and Miami.
In 2019, the company was found to have overcharging tenants At one of its Upper West Side properties, it claimed an annual rent increase of more than $20,000 was justified because it had already spent $70,000 renovating the building. When required to provide receipts to courts, Stellar cannot produce receipts.
