Today, YIMBY has a photo update on the site of the Dime Savings Bank of Williamsburgh. Foundation work is moving along for the soon-to-be 22-story residential building that will rise adjacent to the historic structure, in Williamsburg, Brooklyn.
The site is actively being cleared away, and excavation and foundation work are both proceeding at lightning speed. Work has not yet started on the historic Dime Savings Bank building, which remains untouched for now.
Fogarty Finger Architects is responsible for the design of the new building integrating the existing neoclassical bank with an art deco-inspired residential tower. The 248-foot tall structure will yield 350,000 square feet, creating 178 rental apartments, as well as 100,000 square feet of office space, 55,000 square feet of ground-floor retail, and 340 parking spaces.
Two firms have partnered for development of the project. Charney Construction & Development, and Tavros Capital Partners purchased the site in March of 2016 for $80 million dollars, and acquired a $150 million loan for construction earlier this month.
Completion is expected by Spring 2019.