TF Cornerstone Opens 798-Unit Brooklyn Property
Located in the Prospect Heights neighborhood, the mixed-income, mixed-use building includes retail space.
TF Cornerstone has opened 595 Dean Street, a two-building 798-unit project in Brooklyn, N.Y.
Designed by Handel Architects, the buildings include 240 affordable apartments available through the Housing Connect lottery program. Studio, one- and two-bedroom homes range from market-rate net effective rents of $2,998 to $6,026.
The mixed-use project includes some 60,000 square feet of public green space and 28,750 square feet of resident exclusive outdoor amenity space, with 3,412 square feet of ground-floor retail.
Resident amenities include a rooftop pool, rooftop deck, game room, children’s playroom, fitness room, screening room, pet grooming area and grilling stations, as well as conference rooms and coworking lounges. Residents will have a 50 percent membership discount to the Chelsea Piers Fitness center, which is connected to the building by the East Tower’s lobby. Select units offers washers and dryers.
Residents are near many dining and entertainment options in Prospect Heights and green spaces and close to Prospect Park. Manhattan can be reached in less than an hour via subway.
Situated in Prospect Heights, 595 Dean Street features a public field between its two towers, as well as a picnic grove, garden space, a playground and a dog run. The site also includes a monument to its former industrial baking plant occupant, the Ward Baking Company Building.
A Simo Pizza and a Ni Hao occupy the community’s ground-floor retail space. Bower Studios created custom designs for indoor amenity spaces at the property, including mirror and furniture pieces, while Mark Jupiter headed up custom signature furniture pieces for the lounge spaces. Landscape architect firm MNLA were tasked with designing outdoor amenity spaces.
TFC in NYC
The project is TFC’s second and largest ground-up multifamily development project in Brooklyn. The company also completed 33 Bond St., a nearby 714-unit project, in 2017.
Beyond ground-up community builds, TFC is highly integrated in the New York multifamily space with properties in Manhattan, Queens and Brooklyn. Last year the company acquired a two-building property in Brooklyn featuring 95 units for $71 million. The seven-story buildings included some affordable homes through a 421a tax abatement.