Memphis & Pearl, which would be the first major apartment build in Old Brooklyn in nearly half a century, just got a nice boost this week. On Monday, City Council approved legislation that will fund $2.5 million of the construction gap financing.
Ward 13 Councilman Kris Harsh at a listening session for Memphis & Pearl in December. Harsh was a central force behind getting the mixed-use project $2.5 million in public funding.
On Monday, City Council approved legislation that will fund $2.5 million of the construction gap financing. Council's handout follows County Council's choice on July 6th toBoth a means to preserve the defunct St. Luke's church and form a sort of town center on the desolate corner of Pearl Road and Memphis Ave., Memphis & Pearl is designed to be brick, white and black-colored mid-rise, with 80 market-rate apartment units and 19,400 square feet of retail space.
"I think it seems like the market is moving more towards a tap room than it is a brewery," said Reeve, laughing."It would require a significant investment to in the St. Luke's Church."
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