Brooklyn’s DUMBO neighborhood has been mostly built out for several years now, but within the dense blocks to the west of the Manhattan Bridge overpass, there are still several remaining opportunities. New building applications have now been filed for the vacant lot at 85 Jay Street, which will have a total construction area of 875,505 square feet. Within that, there will be a 1,154 square-foot community facility, 60,017 square feet of commercial space, and 812,978 square feet of residential space, to be divided amongst 737 units. That would normally indicate apartments, but at an average size of over 1,100 square feet, condominiums would also seem possible. Morris Adjmi will be designing the 21-story and 250-foot-tall project, and Kushner Companies will be developing, having acquired the site alongside the Jehovah’s Witness Headquarters at 25-30 Columbia Street for $700 million last year.
Glacier Global Partners’ renovation and refurbishment of the 230,000 square-foot warehouse at 10 Jay Street is making major progress, per the latest photos from Tectonic. The 10-story building is receiving a glassy new facade designed by ODA New York, which was first revealed in a video posted by Curbed back in February of 2015. The crystalline exterior is up to the eighth floor of the structure, and completion is likely within the next year or so.
Kushner Companies, LIVWRK, and the CIM Group have closed on the purchase, for $345 million, of the 135,000-square-foot development site at 85 Jay Street, in DUMBO. The full-block property, currently vacant, could accommodate up to 1.1-million square feet of mixed-use development, the New York Post reported. The new owners plan to develop the site within current zoning laws. A project “with mixed uses” is planned, although plans are very preliminary. It was reported earlier that the site could host as many as 1,000 residential units. The team is in the process of hiring architects and consultants.
The Jehovah’s Witnesses has selected a buyer for its four-story recreational building at 69 Adams Street, located on the corner of Front Street in DUMBO. Neither the buyer nor the price of the sale have been disclosed, but it’s expected to close before 2017, the Brooklyn Daily Eagle reported. The 17,490-square-foot site can accommodate up to 157,410 square feet of mixed-use development, in the form of residential, commercial, and/or community facility space. Plans for the site have not been disclosed.
Back in 2013, Kushner Companies, RFR Realty, and LIVWRK acquired, for $375 million from the Jehovah’s Witnesses, the five-building, 1.25-million square-foot commercial complex at 55 and 81 Prospect Street, 117 Adams Street, 77 Sands Street, and 175 Pearl Street. The developers have since converted the collection of mid-rise buildings into offices and retail space, dubbed DUMBO Heights. The developers are now constructing a two-block-long public plaza along Sands Street between Adams and Jay streets, according to the Wall Street Journal. The plaza will extend the 15-foot-wide sidewalk by 15 feet. It will include public artwork, seating, and planters. La Fantástica is behind the design, and the Dumbo Improvement District is associated with the project. Current office tenants in the complex including WeWork Cos., Etsy Inc., Frog Design, Alexis Bittar Inc., and retail tenants include Randolph Beer, fitness center Shadowbox, Row House, Bluestone Lane Coffee, and Dig Inn. Roughly 350,000 square feet of commercial space remains vacant, according to Real Estate Weekly.