Dubbed “The Dime,” 277 South Fifth Street will be a new 264-foot tall residential tower in Williamsburg, Brooklyn. The reinforced concrete building is close to topping off behind the Dime Savings Bank landmark. The project sits on a 50,000 square foot site, almost an acre in size, and will span just over 350,000 square feet.
Located just off the Marcy Avenue subway stop, and bound by Marcy Avenue, Havemeyer Street, South Fourth Street, and South Fifth Street, the tower is set to stand 23 floors above Williamsburg. It is being designed by Fogarty Finger Architecture PLLC with Charney Construction and Development and Tavros Capital Partners developing, and 1 Oak Development serving as general contractor.
The Dime, rendering courtesy Fogarty Finger Architecture and Interiors
Recent photos show how close The Dime is to topping off in the next several weeks. Construction completion will be around late 2019 to early 2020.
The final floors of The Dime rising above Williamsburg. Photo by Michael Young
Looking at the western elevation of The Dime. Photo by Michael Young
The Dime and the landmarked bank building on Havemeyer Street. Photo by Michael Young
The existing 16,700 square foot Dime Savings Bank architecture will most likely be incorporated into the new lobby of the complex. The interiors are being preserved and refurbished. According to Charney Construction Development’s website, 100,000 square feet of the complex will be dedicated to office space, while 55,000 square feet will be allocated towards retail. Access to the ground floor level will be along South Fifth Street and Marcy Avenue. This is where the building’s podium opens up to the street.
The Dime, rendering courtesy Fogarty Finger Architecture and Interiors
With large rounded corners, the white-colored facade has rectangular windows that span every two floors of the development. A couple of the windows are beginning to go in along the bottom levels of the building’s podium and the residential portion. 178 housing units will come with the project. Most of the amenities will be located on the fifth floor and include a fitness center, a library with a reading room, a landscaped outdoor terrace with entertainment space, and 301 underground parking spaces.
Views of the Williamsburg Bridge are nearly on axis with the development’s centerline when looking west towards Manhattan. It will become an interesting focal point and eye-catching aspect of the neighborhood. Sights of both the Lower Manhattan and Midtown skylines will also be visible.
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I think this really sucks. I been living in this neighborhood for 42years. My family as well as the other old tenant in this neighborhood had worked hard cleaning up this neighborhood. With no support. Now all these new Bosh buildings being built here and we can’t even move into them. I think is so unfair.
Get some money and you can move in to them at will. In what universe does it make sense that you are entitled to live in a new building just because you’ve lived down the street for 40 years?
The neighborhood “cleaned up” when a bunch of new people decided to move there. It also probably helped when a lot of people left – some of them were perfectly good citizens but many were non-contributing or a negative, as you are certainly aware.
I don’t love these buildings or the people who have made Williamsburg what it is today, but there’s absolutely nothing about it that is “unfair.” The most constant theme in NYC throughout its history is change – you can find people bemoaning their neighborhood changing in 1870 in the exact same way you do today. I’m sure the people who lived in your neighborhood prior to YOU felt the same way at one point. My suggestion is to make peace with the changes where you live or to move elsewhere. I recently moved elsewhere after deciding I didn’t like the new people in my neighborhood, and after doing so I only wish I had done it a year or two sooner.
” Living down the street for 40 years” is not nothing, even in this universe. It commands at least the respect to be taken seriously.
It was pleasant to live downtown brooklyn in the 70s , with the funky rooming houses and old row houses On the weekend the streets were quiet, country like .You could hear the birds singing. and hardly anyone walking the streets. . The banks had redlined the district so houses were cheap then.As soon as the banks began to give mortgages the prices started to rise and rise again.After 1980 , it became popular to live there again. Now houses that used to cost $20k and 30 k are on the market for well over 1 million.the streets are crowded 24-7 ,no more can the birds be heard.
For those who say this is not unfair, you obviously are in high income bracket and/or are oblivious to why this area has changed what was the real catalyst in this gentrification in Williamsburg. That catalyst is those of us who can from low income families, went to school and continued to work and contribute to this community. We are the middle class of Williamsburg yet we do not qualify for any of these buildings because our incomes are always in the void between low and high income. I think that is the biggest injustice. I was one of many who advocated for the dominos and guess! I am priced out of those units. I embrace the change but do not turn my cheek to the injustices that occur.
A couple years ago there were plans to crack down on cars with out of state license plates who have flooded our streets and limited the ability to park our cars that have the NY insurance, plates. But guess what…that plan was quickly hauled over when they realized there were more out of state licenses that belonged to the privileged and to minorities in this city.