A former nursing home at 1040 Delaware Avenue is on its way to becoming upscale apartments. Greenleaf & Company is partnering with Paul Kolkmeyer to jointly develop the project. A mix of 49 rental units is planned along with 2,000 sq.ft. of ground floor office space. The boxy, non-descript building is getting a new look as part of the transformation.
1040 Delaware LLC’s redevelopment project carries a $5.5 million price tag. The former Lutheran Nursing Home is located between W. Utica Street and Lexington Avenue and has been vacant for the past ten years.
A berm in front of the building has been removed and a new main entrance is being created in what is now the basement. The building will gain a parapet and a new brick façade with stone and iron accents. David Wylier and Associates is architect.
The units will have high-end, modern finishes including hardwood and stone tile floors. Hard-surface countertops and stainless steel appliances are planned. The building has ample parking and will include a storage area for tenants along with laundry facilities and an exercise room. The developers are looking into the possibility of adding a rooftop garden/patio area.
Rents are expected to range from $650 up to $1,200/month for the one and two-bedroom units.
Greenleaf Development and Construction will handle the construction management work and Greenleaf & Company will be responsible for leasing all 49 apartments and the office space on the first floor.
Get Connected: Greenleaf & Company, 716.885.8538