Kaito Management is set to begin construction on a redevelopment project at 497 Third Street, in Park Slope. The plan is to transform the dilapidating four-story townhouse into a six-story, four-unit mixed-use building called The Homage on Third, DNAinfo reported. The latest building permits indicate the expanded structure will have 5,936 square feet of space in total.
There will be a 470-square-foot retail unit on the ground floor, followed by four condominiums on the floors above. The apartments, ranging from two- to three-bedrooms, should average 1,366 square feet apiece. Studio Vural is responsible for the architecture.