At northeast corner of Vanderbilt and Atlantic, The Axel emerges, at 29 stories, with "low-income" units ranging from $1,320 to $2,229
The first large new building along Atlantic Avenue, albeit not within Community District 8, is set to open soon, and the affordable units have entered the city's Housing Connect lottery system , with the deadline closing next week. The 29-story building (plus a four-story addition) previously known as 809 Atlantic Ave. or 550 Clinton Ave. is being marketed as 539 Vanderbilt Ave. for the affordable units). It's 312 feet . For the market-rate units, the address is 545 Vanderbilt Ave. and it's being marketed as The Axel , though no market-rate units are yet available. (The lowest price category for inquiries is $2,000-$3,000. The building promises "over 30,000 square feet of unrivaled amenities.") That suggests the housing lottery started earlier than, say, with the more recent Atlantic Yards/Pacific Park buildings, as market-rate tenants at 662 Pacific St. and 18 Sixth Ave. moved in first. Affordable configuration Looking east from Sixth Ave., The Axel center-left T...