North Development Group has purchased the development assemblage spanning 286-306 Wythe Avenue, in northwestern Williamsburg, for $26.5 million, according to Commercial Observer. The new owner plans to build a mixed-use project of 40 to 50 residential units with retail and community space; the site has 51,200 square feet of development rights. The existing single-story warehouses will be demolished, which is a departure from previously filed plans calling for an expansion of the structures.
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