Brownstoner reports the Dime Savings Bank building in central Williamsburg, which is only a portion of a 50,000 square-foot assemblage, is now on the market as a development site. The other properties included are 257-275 South 5th Street, 146-150 Marcy Avenue, 209 Havemeyer Street, and 262 South 4th Street, and a 230,500 square-foot mixed-use development could be accommodated. Dime Savings Bank is seeking to keep their retail location in the existing two-story building at 209 Havemeyer Street.
Per DNAinfo, the School Construction Authority has chosen the site of a 616-seat school that Greenland Forest City Partners agreed to build within the 15-building Pacific Park development, in Prospect Heights. The school will be located in a planned 27-story, 336-unit residential building spanning 487-495 Dean Street, and construction is expected to begin next year. The Atlantic Yards Reports notes the last of three townhouses has been vacated, and demolition of the buildings is imminent.
Centaur Properties and Greyscale Development Group have acquired $115 million in construction funding to develop an 11-story, two-building residential and retail property with 36 units at 527 West 27th Street, in West Chelsea, per The Real Deal. YIMBY revealed diagrams in January, and Isay Weinfeld is designing the project, which is dubbed Jardim. Excavation has kicked-off, and completion is slated for the fall of 2016.
The Real Deal reports Taconic Investment Partners has landed $200 million in construction loans for their 24-story, 392-unit mixed-use project at 525 West 52nd Street, in Hell’s Kitchen. YIMBY brought you news of the project almost exactly a year ago, and Handel is designing. Seventy-nine residential units are expected to be set aside as affordable, and the site’s former five-story structure was demolished in 2014.
Property owner Issak Tavalov has filed applications for a three-story, two-unit mixed-use building measuring 2,830 square feet at the vacant lot at 5716 New Utrecht Avenue, in southern Borough Park. Retail space will measure 850 square feet on the ground floor, and Sandor Weiss, of Gelu Durus Musica, is the architect of record.