Back in October of 2015, news broke that Tavros Development Partners, Charney Construction & Development, and 1 Oak Development were in contract to acquire the Dime Savings Bank assemblage in Williamsburg, located two blocks north of the Marcy Avenue stop on the J/M/Z trains. The $80 million sale has closed, according to Commercial Observer. The development site includes the properties at 263-277 South 5th Street, 262-272 South 4th Street, and 205 Havemeyer Street, and some site are currently occupied by low-rise commercial structures. The Dime Savings Bank of Williamsburg building, the existing two-story bank at 209 Havemeyer Street, was not part of the deal. The 50,000-square-foot site could accommodate a new 230,500-square-foot mixed-use building, although plans for the site have not been disclosed.
In early 2015, HFZ Capital Group launched sales for the 262-unit condominium conversion of the 25-story, 264-unit rental apartment building at 301 West 53rd Street, in Midtown. The property, built in 1979, is currently undergoing the conversion. The residential units will come in one-, two-, and three-bedroom configurations, and YIMBY can now reveal the project’s 16,000 square feet of amenities. They include a marble-cladded lobby, an outdoor dog park, a landscaped rooftop terrace designed by Terrain, a library, a fitness center, a children’s playroom, and another outdoor terrace on the second floor. The interiors are being designed by BP Architects and the building is being redubbed Fifty Third and Eighth (previously The Metro). The building currently contains 16,000 square feet of ground-floor retail space.
In October of 2015, YIMBY reported on applications for a five-story, 130-unit residential building at 1873 Starr Street, in western Ridgewood, located five blocks from the Jefferson Street stop on the L train. Now, Slate Property Group has sold the development site to Valyrian Capital and MGM Property Group for $18.5 million, according to Real Estate Weekly. The new owners plan to move forward with the approved project, which measures 141,929 square feet in total and will include 5,009 square feet of ground-floor retail space along with 3,000 square feet of community facility space. The apartment units should average 650 square feet apiece, with 45 of them to be rented at below-market rates. Amenities include a gym, a roof deck, a laundry room, and a garage for 64 bikes and 65 cars. Aufgang Architects is designing the building.
Property owner Transition Acquisitions is planning to convert the five-story, 57,800-square-foot former Globe Exchange Bank building, located at 815 Broadway in far-western Bushwick, into office space, Commercial Observer reports. The property is currently vacant and boasts 41,673 square feet of commercial space. According to the Schedule A, 15,600 square feet of retail space will span the ground floor, medical offices will be located in the cellar level, and the rest of the building will full-floor contain office spaces. Boaz Golani’s Bronx-based BMG Design Build is the architect of record. The current owner acquired the building in July of 2015 for $15.1 million and the conversion is expected to be complete in the spring of 2017.
When we last checked in on the site of Tribeca Associates’ planned 26-story, 228-key hotel at 143 Fulton Street, between Broadway and Nassau Street in the Financial District, demolition of its three-story occupant was underway. Since then, demolition has been completed and, thanks to a YIMBY reader, we have a new look at the coming hotel.