Slate Property Group, Adam America and Naveh Shuster Limited are carving a path through the Broadway Triangle in Williamsburg, beginning with plans for a 96-unit building at 120 Union Avenue a year ago. Now they’ve filed new building applications for another residential development down the street at 100 Union Avenue, on the corner of Middleton Street.
Aufgang Architects will design the six-story, 34-unit building. It’ll have 28,347 square feet of residential space, yielding average units of 833 square feet, and 466 square feet of ground floor retail. The 60-foot-tall structure will include a garage big enough for 17 cars, which is exactly the amount zoning requires.
The trio of developers snatched up the 10,450-square-foot parcel at 100 Union Avenue for $6,000,000 in March, after closing on the larger property at 120 Union for $15,500,000 last fall.
Knight’s Towing and Collision used to occupy both lots. Demolition applications have been filed to take down the single-story garage at 100 Union, and work permits were issued in May to begin construction on the 70,000-square-foot project at 120 Union.
Both developments will be rentals, according to The Real Deal. Vinegar Hill-based Meshberg Group will also be involved in designing the two buildings. Readers may remember that Slate and Meshberg teamed up for an unusual condo building at 21 Powers Street in East Williamsburg, which YIMBY revealed in July.
The Broadway Triangle was rezoned in 2009 to encourage residential development, after 40 years of zoning that only allowed low-density industrial uses. And unlike the rest of Williamsburg and Clinton Hill, new buildings in the largely Hasidic area between Broadway and Myrtle Avenue can get the 421-a tax break without including any affordable housing. So builders here are pushing to get shovels in the ground and financing lined up before the current 421-a program expires in December. When the new version of the tax exemption goes into effect next year, developers will have to rent 25% of their units at below-market rates, regardless of what neighborhood they build in.
Subscribe to YIMBY’s daily e-mail
Follow YIMBYgram for real-time photo updates
Like YIMBY on Facebook
Follow YIMBY’s Twitter for the latest in YIMBYnews
