Vasco Ventures in late December 2013 unveiled plans to construct 35 luxury rental units at 410 Tompkins Ave, on the corner of Hancock St in Bed-Stuy.
The private development company plans to demolish three buildings at the location to make way for four adjacent buildings– 410, 412, 414 and 416 Tompkins Avenue– and a vacant lot.
The building plans show an L-shaped tower with 18 parking spaces and an amenities list that will include large balconies, rooftop terraces, a top-floor gym with a half-glass rooftop offering views of the Manhattan skyline.
“Before Bed-Stuy started getting red hot, we realized where it was going,” says Vasco Ventures Founder and CEO Ephraim Vashovsky. “But the market is getting flushed out, properties have nearly tripled in price over the past few years, and we’re giving residents—primarily young business people—the option to live in the area without buying.”