Demolition Imminent, New Details Revealed for Big 4th Avenue Development

Developer Adam America has put up a construction fence around 470 4th Avenue, the large development site where it plans to replace nine buildings on seven tax lots with a 12-story residential building. Demo permits were approved last year, before Adam America bought the property for $20,000,000 last month. A note in the file says demo was scheduled to begin March 6.

South Slope News spotted the fence and took the photo above.  Aufgang Architects filed a new building application for the development at the end of February. The number of units has not changed, and the building will be 12 stories (the developer previously said it could be 12 to 14 stories).

Other new details: The building will have 78,995 square feet of residential space. There will be 5,259 square feet of ground floor commercial space and community space occupied by a medical office. Amenities include bike storage for 53 bikes, 36 underground parking spots, a fitness room and a roof deck.

Demolition Set to Begin at 470 4th Avenue [South Slope News] GMAP
And the New Building at 470 4th Avenue Will Look Like… [Brownstoner]
Plans, Buyer, Sale Price Revealed for Huge 4th Avenue Development Site [Brownstoner]
Photo by South Slope News