Today, YIMBY has a photo update on the site of the Dime Savings Bank of Williamsburgh. Foundation work is moving along for the soon-to-be 22-story residential building that will rise adjacent to the historic structure, in Williamsburg, Brooklyn.
Charney Construction & Development
The redevelopment of the Dime Savings Bank in Williamsburg, Brooklyn, will result in one of the neighborhood’s tallest buildings, and today YIMBY has fresh renderings for the project, designed by Fogarty Finger Architects. Yesterday, The Real Deal reported that Charney Construction & Development and Tavros Capital Partners have acquired a $150 million loan to fund construction and renovation work on the historic bank and new 22-story tower. The developers purchased the site in March of 2016 for $80 million.
In April 2014 we interviewed developer Sam Charney of Charney Construction and Development. Among other things, he spoke about Long Island City’s 11-51 47th Avenue, now known as the Jackson. Since then, we have followed the building’s progress, starting when the site was cleared at the end of 2015 up until its recent topping-out. Today we revisit the project with Charney and the building’s architect, Chris Fogarty of Fogarty Finger.
In YIMBY’s recent rundown of Long Island City development, we tallied seventeen structures of eight stories and above that have topped-out in the Court Square area within the past twelve months. It appears that The Jackson, which is taking shape at 11-51 47th Avenue, will be the next to join the list. The structure doubled in size between August 15th and the start of October, growing from five to ten floors, so we expect to see the remaining penthouse floor and the service bulkhead rise in the coming weeks. The 53-unit condo project is being developed by Charney Construction and Development, in conjunction with Ascent Development and Tavros Capital, while the industrial-inspired design was crafted by Chris Fogarty of Fogarty Finger.
Construction is underway on the ground floor of the 11-story, 55-unit mixed-use building being developed at 11-51 47th Avenue, in the Hunters Point section of Long Island City, located on the corner of 21st Street and Jackson Avenue. The construction can be seen in photos in a post by The Court Square Blog. Dubbed the Jackson, it will eventually measure 70,000 square feet. It will feature 1,226 square feet of retail space on the ground floor, followed by one- to four-bedroom condominiums on the floors above. On average, the apartments should measure 962 square feet apiece. Amenities are to include a fitness center, a children’s playroom, a residents’ lounge, a rooftop terrace, storage for bikes, and a 22-car parking garage. Charney Construction & Development, Ascent Development, and Tavros are the developers, while Fogarty Finger is behind the design. Completion is expected in early 2017.