159 Broadway

159 Broadway’s Foundation Nears Completion in Williamsburg, Brooklyn

Foundation work is nearing completion at 159 Broadway, a 26-story mixed-use residential project in WilliamsburgBrooklyn. Designed by Stonehill Taylor and developed by Cornell Realty Management LLC, the 133,340-square-foot project is located across the street from Peter Luger Steakhouse and directly abuts the 145-year-old landmarked Williamsburgh Savings Bank. The superstructure will top out at 277 feet tall and become one of the tallest buildings in the inland section of Williamsburg.

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Foundation Work Underway at 159 Broadway in Williamsburg, Brooklyn

Foundation work has begun at 159 Broadway, a 26-story mixed-use residential project in Williamsburg, Brooklyn. Designed by Stonehill & Taylor Architects and developed by Cornell Realty Management LLC, the 133,340-square-foot project is located across the street from Peter Luger Steakhouse and directly abuts the 145-year-old landmarked Williamsburgh Savings Bank. The structure will eventually top out at 277 feet and become one of the tallest buildings in the neighborhood.

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Excavation Work Nearing Completion at 159 Broadway in Williamsburg, Brooklyn

Excavation work for the foundations of 159 Broadway in Williamsburg, Brooklyn is nearing completion. Excavators have extracted a large amount of dirt from the property, which sits directly next to the 144-year-old landmarked Williamsburgh Savings Bank. The 26-story mixed-use residential project, which is designed by Stonehill & Taylor Architects and developed by Cornell Realty Management LLC, will yield 133,340 square feet and stand 277 feet tall.

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159 Broadway

Williamsburg’s Newest Skyscraper Revealed at 159 Broadway, Adjacent to the Williamsburgh Savings Bank

Flying under the radar for some time, excavation work on 159 Broadway Avenue is beginning to make some progress in Williamsburg. Today, YIMBY also has the first rendering for the impressively-scoped project, thanks to the construction fencing. Situated across from Peter Luger Steakhouse and immediately south of the Williamsburg Bridge, the site sits adjacent to the Williamsburgh Savings Bank. The 144-year old landmarked, domed structure will soon be surpassed by its future 133,340 square foot, 277-foot tall neighbor. This upcoming tower is set to become one of the tallest buildings in the neighborhood. It is being designed by Stonehill & Taylor Architects and is being developed by Cornell Realty Management LLC.

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Hudson Yards from 53 West 53rd Street, image by Andrew Campbell Nelson

YIMBY’s 2018 Mid-Year Pipeline Report Shows Surge In New Development Filings With YTD Unit Count Increasing 67.5% Over 2017

While YIMBY normally covers aggregate new building applications on an annual basis, this year, we have released our first mid-year pipeline report, and the results are surprisingly positive. After two years of declining applications following the frenzies of 2014 and 2015, the preliminary numbers for 2018 appear to be signaling a major uptick in activity. Year-over-year filings of new residential units have grown substantially, rising from 9,134 in the first six months of 2017, to 15,305 in 2018 — an increase of 67.5%.

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