Phase One of Surf Vets Place will add 135 units and 7,000 square feet of commercial space to a 170,000-square-foot parcel at the corner of West 21st Street and Surf Avenue. Residents will be steps away from the beach, and walking distance from the Brooklyn Cyclones stadium and Luna Park.
Plans filed in April indicate that 52 of the apartments will be available to households earning 60 percent of the area median income, which in 2015 was $86,300 for a family of four, while 82 apartments will be reserved for homeless veterans. The developers will build a new street, Ocean Way, to connect West 20th and West 21st streets at midblock, and all of the buildings in the development will face onto shared courtyards. The listings page highlights standard amenities, including a fitness center, rooftop terrace, laundry room, and bike storage.
Financing documents suggest that the development is projected to cost $68.8 million; construction on the first phase is expected to be complete by 2018.
Land around the former amusement park was rezoned for commercial and residential development in 2009. Renderings suggest that buildings up to 25 stories tall will be added at later stages of Surf Vets Place, but when The Architect’s Newspaper reached out to CityRealty for comment, no employees were available to speak about the project.