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Avery Hall’s Brian Ezra and 272 Fourth Avenue (Google Maps) Avery Hall Investments has two potential plans for a development site in Gowanus, Brooklyn. Both depend on the city rezoning the neighborhood, and one relies on acquiring 50,000 square feet of air rights. The developer on Thursday unveiled proposals for a 14-story residential building with 125 apartments at 272 Fourth Avenue. Under this scenario, more than 30 units would be set aside for low- to middle-income tenants. That vision relies on approval of the proposed Gowanus rezoning, which would mandate a certain percentage of affordable housing in all-new residential construction as part of the city’s Mandatory Inclusionary Housing program. Avery also is eyeing 50,000 square feet of air rights owned by the city, which could be transferred from an adjacent MTA substation at 276 Fourth Avenue. ....
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