Permits have been filed for two mixed-use towers along Brooklyn’s Williamsburg waterfront at 484 Kent Avenue, addressed as 480 and 490 Kent Avenue. Located between South 10th Street and Division Street, the lot is steps from the South Williamsburg stop on the East River Ferry. The Marcy Avenue subway station is a 13-minute walk east of the property, serviced by the J, M, and Z trains. Naftali Group is listed as the owner behind the applications.
484 Kent Avenue
On the southern end of Williamsburg’s waterfront, a three-story commercial property at 484 Kent Avenue is about to hit the market as a development site, boasting 500,000 square feet of residential air rights. In 2011, the property was granted a zoning change to allow for three towers totaling 800 residential units, 30% of which would be affordable. Per Crain’s Business, HFZ Capital Group is interested in the property; the site is suspected to be valued north of $250 million.