Watermark Capital Group

321 Wythe Avenue in Williamsburg, Brooklyn. Image courtesy of NYC Housing Connect

Housing Lottery Launches for 321 Wythe Avenue in Williamsburg, Brooklyn

The affordable housing lottery has launched for 321 Wythe Avenue, a 19-story mixed-use building in Williamsburg, Brooklyn. Designed by ND Architecture and Design and developed by Watermark Capital Group, the structure yields 134,995 square feet with 130 residences and 5,218 square feet of medical offices. Available on NYC Housing Connect are 39 units for residents at 130 percent of the area median income (AMI), ranging in eligible income from $68,538 to $167,570.

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321 Wythe Avenue

Renderings Revealed of 19-Story, 130-Unit Mixed-Use Building Planned at 321 Wythe Avenue, Williamsburg

Renderings have now surfaced of the 19-story, 130-unit mixed-use tower planned at 321 Wythe Avenue, located just three blocks in from the East River in Williamsburg, as per a tipster’s tweet on Friday. The renderings are credited to the project’s architect, Nataliya Donskoy’s Brooklyn-based ND Architecture & Design. The structure will encompass 134,995 square feet, according to the latest filings. The second floor will host 5,218 square feet of medical offices, followed by 130 residential units across the fourth through 19th floors. The units should average 759 square feet apiece, indicative of rentals, and amenities will include a 92-car parking garage on the ground floor, storage for 65 bikes, outdoor terraces on the second and third floors, and the rooftop. Watermark Capital Group is the developer and Saints Peter and Paul Catholic Church is the property owner. The church’s existing single-story facility must first be demolished.


321 Wythe Avenue

Residential Development Planned At 321 Wythe Avenue, Williamsburg

Watermark Capital Group is now leasing the property at 321 Wythe Avenue, in western Williamsburg, from Saints Peter and Paul Church for $2.1 million per year, DNAinfo reports. The developer plans to raze the single-story church to make way for a residential project, which will include 2,500 square feet of community space. The property spans through to South 2nd Street. The developer has not yet filed applications with the DOB, but collaboration with the church is mandatory within a year of getting construction plans approved.


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