Starbucks said Wednesday it will open a new location in Crown Heights this fall at the new residential building at 341 Eastern Parkway. View Full Caption aptsandlofts.com/Starbucks

CROWN HEIGHTS — Love it or hate it, it’s official: Starbucks is moving to the neighborhood.

The coffee franchise will open its first Crown Heights location on the northeast corner of Franklin Avenue and Eastern Parkway this fall, the company said, snatching up ground-floor space at 341 Eastern Parkway, the newly built, eight-story residential building set to begin leasing in July.

“Starbucks is always looking for great locations to better meet the needs of our customers,” a spokeswoman said. “We are happy to confirm that [we] will be opening a new location at 341 Eastern Parkway in Crown Heights, Brooklyn this fall.”

The next closest Starbucks is at Flatbush Avenue and Park Place in Park Slope.

The new shop will have a fair amount of competition, including from the Franklin Avenue spots The Breukelen Coffee House, The Pulp and The Bean and Little Zelda, all located within three blocks of the planned Starbucks site.

The Frappuccino vendor will be next door to a Capital One Bank, which Crain's New York reported plans to open at 341 Eastern Parkway by October.