Charney Companies Charts 158-Unit Project in Fort Greene

Charney Companies is building a 38-story building in the heart of Brooklyn, walking distance from Atlantic Terminal and the Barclays Center.

Sam Charney’s firm filed permits for the 418-foot-tall development at 95 Rockwell Place on Monday, according to city records. The project is expected to yield 168,000 square feet and 158 residential units in the Fort Greene neighborhood.

Most of the building will be occupied by apartments, averaging 855 square feet each. There will also be 33,000 square feet of commercial space and a cellar.

Fogarty Finger is designing the project. Demolition permits for the five-story building on the site were filed two months ago. It’s unclear when work is expected to begin on the project, when it will conclude, and whether it will be a rental or condominium. Rental projects in New York City generally do not pencil out without the 421a tax break, which expired in June 2022.

Charney was not available for comment.

Property records show a deed transferring ownership from one limited liability company to another in March, though no price is listed on the deed; a total assessed value of the property listed on the deed is $3.6 million.

A decade ago, the site was set to be developed into a 200-key hotel, made possible after Second Development Services paid Mark Morris Dance Group for the air rights above the dance center’s home. The hotel was set to be part of the Marriott Autograph Collection. At one point, the hotel was expected to open in 2020.

This summer, Charney landed a construction loan alongside Tavros and Canyon Real Estate Partners for the joint venture’s 261-unit project at 251 Douglas Street in Gowanus. MassMutual provided the $120 million loan.

No neighborhood in the city added more housing last year than Fort Greene, which saw 1,061 units added between the fourth quarter of 2021 and the fourth quarter of 2022, according to an analysis of the city’s Primary Land Use Tax Lot Output (PLUTO) database.