Dime Savings Bank of Williamsburgh

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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The Dime, rendering courtesy Fogarty Finger Architecture and Interiors

LPC Approves Dime Savings Bank of Williamsburgh’s Rebirth as Foundation Work Begins for 209 Havemeyer Street, Williamsburg

Williamsburg is an incredible tapestry of diverse architectural styles. One of the most prominent examples of its historic past is the Dime Savings Bank of Williamsburgh, located right by the first exit of the Williamsburg Bridge into Brooklyn, which ensures that hundreds of thousands of people see it every day. The building is about to be reborn thanks to Charney Construction and Development and Tavros Capital Partners, with a full restoration and refurbishment planned for the Bank, adjacent to which a new 22-story residential tower will also rise.

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The Dime, rendering courtesy Fogarty Finger Architecture and Interiors

Fresh Renderings, $150 Million Construction Loan for Redevelopment of The Dime in Williamsburg, Brooklyn

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.

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