Revealed: 79 Quay Street

79 Quay Street, rendering via Cayuga Capital79 Quay Street, rendering via Cayuga Capital

When New York City developers buy warehouses and other industrial buildings that are zoned for residential use, the first thing they’ll generally do – unless they’re landmarked or need some sort of city permission – is tear them down. While YIMBY understands the financial exigencies that prevent them from doing costly restorative work, it still brings a tear to our eye to see a handsome old brick structure come down.

Which is why we’re looking forward to construction starting at 79 Quay Street, a project one block inland from the Greenpoint waterfront. There, just north of the Bushwick Inlet (which forms, confusingly, the boundary between Greenpoint and Williamsburg), Cayuga Capital Management is planning a 60,000-square foot residential building, with a mix of duplex studios through three-bedrooms.

The rendering Cayuga shared with YIMBY depicts townhouses forged out of the existing brick building on the corner of Quay and West Streets. A new rental apartment block will rise from behind it, standing six stories tall, and characterized by a proliferating cube design.

In keeping with New York’s iterative nature, the future addition appears to be the third version of the initial structure, which was acquired for $3.8 million. The brick on the third story of the existing warehouse doesn’t quite match the bottom two floors, and the windows are also a different style.

Construction will likely start in spring 2015, and Tony Daniels’s Gowanus-based Cycle Cities will be responsible for design. They’re also teaming up for Cayuga Capital’s 100,000-square foot office-and-retail project at 87 Wythe Avenue, revealed on Monday in the Wall Street Journal, which will exhibit a similar motif.

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