A New Empire representative declined to comment on the estimated cost of the project.
Zhao’s Midtown-based firm purchased the property, along with 761-765 Flatbush Ave. and 21 Lenox Road, in October for $18 million, according to property records. He filed demolition plans for all five of these adjacent 1-story commercial buildings in January.
Amenities in the building will include an office center, a playroom and a fitness center with a sauna, pool and hot yoga studio, according to a description of the project on the developer’s website. New Empire expects to start construction in November and finish work in November 2025. The ground-floor retail space could be used for a restaurant, according to the company.
Zhao’s firm has several real estate projects across Brooklyn, Manhattan and Queens. Other developments it is currently working on include a condominium with 124 units at 24-01 Queens Plaza North in Long Island City, a condominium with 120 units at 58-01 Queens Blvd. in Woodside and a 59-unit residential project at 429 Second Ave. in Kips Bay.