BK Developers and RYBAK Development have acquired, for $11.5 million, the development site at 88 Withers Street, located on the corner of Leonard Street in northern Williamsburg, Real Estate Weekly reported. The site boasts plans, green-lighted by the Department of Buildings in 2015, for a nine-story, 33-unit mixed-use project measuring 39,815 square feet. The new building would include 2,768 square feet of ground-floor retail space, followed by residential units on the third through ninth floors. The apartments should average 938 square feet apiece, which means either condominiums or rentals could be in the works. Platt Byard Dovell White Architects is the architect. When YIMBY visited the site in the spring, the site’s former single-story warehouse had been demolished.
An anonymous Brooklyn-based LLC has filed applications for a five-story, nine-unit mixed-use building at 181 North 7th Street, in northern Williamsburg. The project will measure 14,523 square feet. It will include a 1,972-square-foot medical office on the ground and cellar levels, followed by residential units on the second through fifth floors. The apartments should average 891 square feet, which means either rentals or condos could be in the works. Michael Avramides’s Midtown East-based architecture firm is the architect of record. The 50-foot-wide, 5,000-square-foot lot is occupied by a two-story residential building. Demolition permits were recently filed.
Over a year ago, Blesso Properties shelled out $33 million for the former Lincoln Savings Bank site at 525 Broadway, next to the elevated subway tracks in Williamsburg. Now they’ve filed plans for a 27-story, mixed-use building that will be nearly evenly divided between apartments and office space.
Earlier this year, the city paid $53 million to acquire the property at 1 North 12th Street, located between North 12th and 14th streets along Kent Avenue on the border of Greenpoint and Williamsburg, with plans to convert the site into public park space. The city has now agreed to pay $160 million for the 11-acre CitiStorage site, located between North 10th and 12th streets at 5 North 11th Street, Crain’s reported.
When the city rezoned Williamsburg in 2004, it hoped to encourage truly mixed-use buildings that knitted together apartments, office space, and light industrial businesses. Few developers have taken advantage of the commercial part of the zoning, instead choosing to squeeze as many apartments as possible onto a lot. Chelsea-based developer and architecture firm Flank decided to take a different path for their project at 60 South 2nd Street, where three quarters of the building will be devoted to office space.