A new residential building at 40 North 4th Street is nearing opening day; permits indicate the 7-story low-rise will have 86 units. The lot was purchased as a distressed property back in 2010, per Brownstoner.
Much of Williamsburg remains undeveloped, but the area surrounding 40 North 4th Street is booming with activity; the property is located on Kent Avenue, which forms the arterial backbone of the waterfront.
The Williamsburg waterfront is notable for its rapid transition to luxury housing, and the boom will only begin to crest as the number of available development sites continue to drop. New construction away from the shore of the East River quickly scales down to shorter buildings like 40 North 4th Street, and the only major towers planned are at the Domino redevelopment.
40 North 4th Street
40 North 4th’s architect is Elena Kalman, and the developer is Matarese/Mandella LLC. Completion is expected in 2014.
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