Is Manchester ready to take a giant step into the future of urban life with micro-apartments that would target millennials?
The Flats @ Hanover Commons will connect Bronstein Park (formerly Hanover Commons) to Elm Street and “spur re-gentrification by attracting a tenant base focused on walk-ability, amenities and living efficiency.”
If a micro-apartment complex succeeds here it may help solve one of the city’s biggest challenges: attracting and maintaining a young, educated workforce, needed to help companies of the future grow their workforce and potentially shift the focus of the downtown, toward a more walkable, upscale culture.
He said for him it’s less about “gentrification,” a term that can be divisive, and more about “softening the concentration of poverty.”
In the past few years, real estate in Crown Heights – and especially its northeastern quadrant – has soared in popularity. Riots have given way to rapidly rising rents, and the neighborhood is hitting real estate milestones left and right. Just this year, we’ve seen a $1,000-a-foot condo on Classon Avenue, a new rental building at 341 Eastern Parkway with a Starbucks and studio rents starting in the $2,000s, and the opening of a beer hall and mini-food court called Berg’n (owned by Jonathan Butler, of Brownstoner/Smorgasborg/Brooklyn Flea fame).
And now, YIMBY’s got the first look at the next milestone for northwestern Crown Heights’s main drag, Franklin Avenue: an eight-story, 130,000-square foot apartment building designed by Eran Chen’s ODA Architecture, which will soon be rising at 608 Franklin Avenue, on the corner of Dean and Franklin.