Construction has topped out on 329 Broadway, a 17-story mixed-use residential tower in Williamsburg, Brooklyn. Designed by Syndicate Architecture and developed by Parkview Management, the 195-foot-tall structure contains 175,000 square feet of newly built space. The development will feature 63 units, more than 59,000 square feet of retail area on the first two floors, and around 24,500 square feet of community facilities on the third and fourth floors. JLJ Capital recently provided $57 million in financing for the project.
A new mixed-use tower, 329 Broadway, is under construction in Williamsburg, Brooklyn. The 24,532-square-foot plot is situated next to the elevated subway tracks above Broadway and is also next to the landmarked St. Paul’s Evangelical Lutheran Church.
The redevelopment of Williamsburg from industrial wasteland to residential enclave has been a slow and relentless process, and this is particularly true around Metropolitan and Union Avenues. Permits were first filed for construction of 80 Ainslie Street in June of 2015, and now, the building’s timber frame is coming into view. Syndicate Architecture is responsible for the design.
Hasidic developers are slowly transforming the semi-industrial wasteland between Bed-Stuy and Williamsburg into a mixed-use residential neighborhood. The latest evidence comes from building applications for a hotel and synagogue at 484 Park Avenue, designed by ubiquitous architect Karl Fischer.
Most of Williamsburg’s larger buildings have grown on the Northside, where waterfront parcels were deliberately upzoned. But every once in a while, a developer manages to snag a fairly large parcel like 329 Broadway, on the corner of Rodney Street beneath the elevated J/M/Z tracks.