Atlantic Art Building to begin sales soon. (Design and Development).

A new $10 million residential conversion is expected to begin sales in the spring. Deemed the Atlantic Art Building, it is situated in an area called NOFA, or North of Flatbush Avenue, two blocks from the 800,000-SF retail and transportation hub, Atlantic Terminal in downtown Brooklyn.

636 Pacific St. will replace a storage facilty, designed by the renowned Chicago architect Chep Kingsley that was built and owned by the same family since 1924.

Marc J. Freud, a principal in Troutbrook Company, a Manhattan-based development and real estate services company, said that the buildings depression-era cobalt blue facade and terra cotta is magnificent and what immediately drew the company to make the acquisition. The 100 by 100-foot lot provided a unique opportunity to create 31 open-style lofts after also acquiring a neighboring land parcel, which allowed for light and air on three sides of the property. The 50,000-SF building was designed in collaboration with Kenton Weins Interiors and Kinecki Bernstein Architects of Manhattan. The subject development will consist of two recreational spaces, one on the roof, and one in the courtyard area of the building. Apartments will range in SF with one bedroom and one and one-half baths starting at approximately 900 SF to the penthouse with almost 2,800 SF. Units are expected to command prices from $265,000 to $1 million; with a select number of units having balconies.

Freud commented that it is an historic reconstruction of a building that is rarely found in Downtown Brooklyn. Troutbrook expects buyers to be drawn to the quality of finishes in the residences and for the ability to have a five-minute subway commute to downtown Manhattan via subway. William B. May is the exclusive sales and marketing agent.