Construction has topped out on 329 Broadway, a 17-story mixed-use residential tower in Williamsburg, Brooklyn. Designed by Syndicate Architecture and developed by Parkview Management, the 195-foot-tall structure contains 175,000 square feet of newly built space. The development will feature 63 units, more than 59,000 square feet of retail area on the first two floors, and around 24,500 square feet of community facilities on the third and fourth floors. JLJ Capital recently provided $57 million in financing for the project.
A new mixed-use tower, 329 Broadway, is under construction in Williamsburg, Brooklyn. The 24,532-square-foot plot is situated next to the elevated subway tracks above Broadway and is also next to the landmarked St. Paul’s Evangelical Lutheran Church.
Most of Williamsburg’s larger buildings have grown on the Northside, where waterfront parcels were deliberately upzoned. But every once in a while, a developer manages to snag a fairly large parcel like 329 Broadway, on the corner of Rodney Street beneath the elevated J/M/Z tracks.