// Affordable Housing

Henry Apartments

Services for the UnderServed Inc. & Alembic Development // 2017

Photo credit: Larry Racioppo

OVERVIEW

The development of Henry Apartments extended a vibrant retail corridor along Broadway while providing housing for the Ocean Hill neighborhood of Brooklyn. The project consisted of two sites, one city owned, one privately owned, across the street from each other. The private lot was owned by Stan Henry, who had operated a hardware and building supply company there for several decades. Services for the UnderServed Inc. (SUS) and Alembic Development partnered with Mr. Henry to use both sites for a large supportive and affordable housing development. 

Olive Branch Consulting Ltd - Henry Apartments

Before

Olive Branch Consulting Ltd - Henry Apartments

After

Details

Location

Ocean Hill, Brooklyn, NY

Client

Services for the UnderServed Inc. & Alembic Development

General Contractor

Mega Contracting

Architect

Peer Woll (Architect of Record) & Alphonse Diaz (Contributing)

Services

Owner’s Representative, Budgeting & Estimating, Cost Control/Verification

Original Budget

$38.7 Million

Construction Cost

$38.7 Million

Original Quoted Duration

24 Months

Actual Duration

24 Months


I have worked with the OBC Team for 9 years and through 7 projects and they have never let me down. From complicated gut rehabs to rushed new construction projects, Joe Olive and his team have demonstrated professional knowledge of development and construction as well as their very diligent, effective review process and sincere dedication to a project from design through completion.

Arlo Monell Chase // SVP of Real Estate and Property Development, Services for the UnderServed Inc.

THE OBC TEAM

This team was strategically selected for the Henry Apartments project.