ARIA Development Group

March 23, 2016

Morris Adjmi’s 465 Pacific Street Tops Out, Only One Penthouse Unit Remains

When 6sqft checked in on Boerum Hill's 465 Pacific Street in November, it was little more than a hole in the ground with roughly 50 percent of its 30 condo units already in contract. Now, a little more than four months later, its seven-story concrete skeleton has topped off and just a sole penthouse unit remains. The $55 million development was forged through a partnership between Avery Hall Investments and ARIA Development Group, who purchased the block-through lot for $18 million in 2013. With Morris Adjmi Architects at the helm, the development is composed of two seven-story wings encompassing 85,000 square feet of floor space. Lower levels of the building are faced in a uniform skin of red brick and red mortar joints, while upper levels are finished in dark steel to pay homage to the Mohawk ironworkers who once maintained a community within the neighborhood.
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November 8, 2015

Morris Adjmi’s 465 Pacific Street Now 50 Percent in Contract

Just one month after kicking off sales, Boerum Hill's hottest new condominium development, 465 Pacific Street has already signed half of its 30 units into contract. Even more impressive is that the $55 million development is slated for completion some 18-months from now, with foundation pouring just commencing last month. The project is conceived by a partnership between Avery Hall Investments and ARIA Development Group who paid $18 million ($373 per buildable square foot) for the L-shaped lot in May 2013, a record for a large Brooklyn parcel according to Crain's New York.
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