Property owner Robert Balter has tasked Eastern Consolidated to market the vacant three-story, 4,900 square-foot building at 216 Bowery, in Nolita, according to Commercial Observer. The property is being advertised as a development site, and a new building could measure 15,000 square feet. The marketing team estimates the building is likely to fetch north of $4.1 million.
Last week, YIMBY brought you the first look at B+B Capital’s South Williamsburg condos on South 3rd Street. Now we have a rendering for another B+B development under construction a bit further south, at 176-178 Division Avenue.
The East Williamsburg-Bushwick industrial zone is slowly transitioning from a no man’s land around the heavily polluted Newtown Creek to a mixed-use neighborhood complete with hotels, nightclubs and retail. Near the Jefferson Street L stop, the Bushwick Collective mural project has hastened gentrification by beautifying several barren blocks with the work of dozens of street artists. So it’s no surprise that a hulking six-story factory nearby at 455 Jefferson Street may become offices and retail.
Sunset Park was the heart of New York City’s industrial waterfront until the end of World War II, when building weapons, handling cargo and deploying troops had Bush Terminal and the Brooklyn Army Terminal employing tens of thousands of workers. But even as factories and wholesalers have left the south Brooklyn neighborhood, the manufacturing zoning created to protect them has remained. And there, at the southern edge of Sunset Park’s M-1 zone, one developer is planning a six-story building with a combination of commercial and community uses 731 61st Street.
Nearly a year ago, YIMBY reported on applications for a 12-story, 109-unit mixed-use building at 15 Lafayette Avenue, in Fort Greene/Downtown Brooklyn, and now a ground-breaking ceremony has been held to kick off construction at the site. According to Brownstoner, 40% of the apartments will be let at below-market rates, and 21,400 square feet of cultural community space will be located in the base, with The Center for Fiction and Mark Morris Dance Group both taking space.