The development is located at 123 Melrose and 54 Noll streets in Bushwick, both part of the former Rheingold Brewery complex. At the 54 Noll building, construction has topped out, windows are nearly fully installed, and framing is under way, MRC reports. The foundation for the 123 Melrose building has been completed, and concrete is being poured for the lower floors. The site has vested 421a tax benefits in place and the residential portion of the development includes an affordable component.

The 54 Noll building is expected to be delivered in the next 12 months and delivery of the second building at 123 Melrose is expected approximately four to six months thereafter.

The first through ninth floors of the two buildings will predominantly consist of 911 residential units including studios, one-bedrooms, flex one-bedrooms, and two-bedroom units. Parking and common amenity areas will be allocated across the cellars and subcellars, with building amenities including multiple fitness rooms (a boxing center, yoga studio, cycling room and exercise room), libraries, spas (including sauna, steam, and massage rooms), locker rooms, laundry rooms, event spaces, lounges, media centers, bowling lanes, art labs, studios, studies and a theater. The development also offers significant below grade space for additional amenities, office space, and creative rooms.