PowerPoint Presentation

Avery Hall Investments

120 5th AvenuePark Slope, Brooklyn1Community Presentation February 9th, 2016Avery Hall InvestmentsFounded in 2013, led by Principals Brian Ezra, Avi Fisher and Jesse Wark

Deep roots in Park Slope; multi-generational Brooklyn family

AHI redevelops underutilized Brooklyn properties into thoughtfully-designed, contextual mixed-use properties with a focus on residential and retail space

22Current Projects465 Pacific Street / 472 Atlantic Avenue, Boerum Hill85,000sf as-of-right mixed-use development 30 residential units 16,000sf of retail on two levelsConstruction underway; completion anticipated Winter 2016Designed by Morris Adjmi Architects

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3Current Projects112 Atlantic Avenue, Cobble Hill33,000sf mixed-use development8 residential units6000sf of ground floor retail proposedBSA variance for retail unanimously approved by CB6 Landmarks Preservation Commission-approved design Site work underway; completion anticipated Spring 2017Designed by BKSK Architects

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4120 5th Avenue: Aerial View

5120 5th Avenue: Existing69,708sf parcel bounded by Baltic & Douglass Streets and 5th Avenue & Gregory Place

Current use is Key Food with 100 surface parking spaces

Key Food occupies approximately 36,000sf on ground floor, including loading area and administrative space; as well as below-grade storage; highly inefficient use of retail space

66120 5th Avenue: Site Plan

7120 5th Avenue: Zoning and HPD Property part of 1981 Urban Renewal Plan (URP)

Originally developed under HPD restrictions: Grocery store in accordance with URP land use controls that allow both commercial and residential use

In 1981, URP site was zoned R6 with no height limits; 40 restriction imposed to ensure low-scale development in mid-block

Property included in area-wide rezoning 1993 to R6A/R6B with maximum height of 70

40-year height limit of 40, expires 2022

8120 5th Avenue: Project PlanConform with R6A/R6B as-of-right contextual zoning

+/-196,000sf of total building area above-grade

+/-139,000sf of residential, 25% affordable housing: 20% at 60% AMI 2.5% at 80% AMI2.5% at 100% AMI

+/-165 apartments, of which 41 units are affordable

+/-52,000sf ground-floor retail

9120 5th Avenue: Project PlanSLCE Architects Currently in design process subject to Quality Housing standards

Project contemplates:Two residential parcels:North parcel 6 storiesSouth parcel up to 5 storiesSetbacks: at 60 along 5th Avenue and at 40 along Gregory Place & Baltic Street

Public pedestrian plaza, lined with cafes and retail Creation of public rather than private amenity within DEP easement area Restoration of historic Butler Street connectivity to 5th Avenue

Below-grade accessory parking as-of-right for approximately 182 cars

Bicycle storage

10120 5th Avenue: Massing

11120 5th Avenue: Public PlazaPedestrian public plaza between buildings on north and south parcels looking west toward Butler Street 12

Project BenefitsCreation of 41 affordable housing units within a range of income tiers

Restoration of contextual 5th Avenue street-wall

Vibrant ground floor retail replaces surface parking lot

Extension of Butler Street to 5th Avenue restored

Publicly accessible open space created on private land with private funding

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