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Construction & Design Residential

Work underway on new boutique Brooklyn condo

East Group Capital has begun work on a boutique luxury condo in Boreum Hill.

328 Atlantic Avenue will feature four full floor homes atop an atrium-like retail space. A penthouse unit will have 20 ft. ceilings and three terraces overlooking downtown Brooklyn.

R&D Design Group is collaborating on the project with Itay Gamlieli and Ofir Badash, founders of East Group Capital and GZB Realty.

Rendering of a common terrace at 328 Atlantic

“At 328 Atlantic, we are combining modern and classic architecture to create a unique luxury condominium in the heart of an iconic Brooklyn neighborhood,” said Gamlieli. “The tree-lined streets of Boerum Hill Brooklyn are home to countless boutiques, gourmet restaurants and rows of brownstones.”

Designed by Daniel Vitenson of R&D Design Group, the building will offer “jewel box” ground floor retail with 22 ft. ceilings and a brick and glass façade.

Apartments will feature keyed elevator access, floor-to-ceiling windows and 1,680 s/f of interior space configured as three- or four bedrooms.

EGC purchased the property for a long-time owner for $4.25 million last year and expects the redevelopment to be complete by March 2021.   Initial asking prices are expected to begin at $2.35 million.

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