Thanks to a YIMBY reader, we have a first look at what’s rising at 250 Water Street, a five-story residential building in the Vinegar Hill neighborhood of Brooklyn. The building will rise on a 70-foot-wide lot that’s been empty for over a decade. Global Property Group is responsible for the development.
NoHo-based OCV Architects is listed as responsible for the design. The rendering on-site shows a private courtyard space as well as parking, and terraces from the second floor to the rooftop.
First reports on the permit were filed in mid-2016. The 50-foot-tall structure will yield 17,980 square feet, with 13,900 square feet dedicated to residential use. Three apartments will be created, two of which will occupy the ground floor. The remaining space will be entirely dedicated to a quintuplex, stretching from a portion of the ground floor to the building’s roof.
Permits have been approved, meaning constriction is likely to start soon. Completion is expected in one year.