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.
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 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.
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.