Late last month, YIMBY brought you news of the mixed-use commercial conversion of the six-story former warehouse at 455 Jefferson Street, in northern Bushwick. Now, Dallas-based Lincoln Property Company and Boston-based Alcion Ventures have secured a $51.2 million loan for the project, according to Commercial Observer. The building will have offices on every floor and retail space at street level, which will total 122,697 square feet in rentable space. Work began last month, and completion is expected next June.
Urban View Realty has filed applications for a four-story, eight-unit residential building at 1257 Jefferson Avenue, in southern Bushwick, five blocks from the Halsey Street stop on the J train. The building will measure 8,400 square feet in total, which means units will average 1,050 square feet apiece. The two units on the fourth floor will also have access to a private roof terrace. Nataliya Donskoy’s Brooklyn-based ND Architecture & Design is the applicant of record. An existing two-story townhouse must be demolished prior to construction.
R&D Equity has filed applications for a three-story, two-unit residential building at 88 Bleecker Street, in central Bushwick, three blocks from the Knickerbocker Avenue stop on the M train. The building will measure 2,992 square feet on the 17-foot-wide lot. One unit will take up the ground floor, while a second unit will span the second and third floors, in addition to a fourth-floor penthouse. Jamaica-based Banji Awosika Architect is the applicant of record.
Back in May, a developer filed plans to convert a warehouse into a nightclub at 599 Johnson Avenue, on the western edge of Bushwick’s industrial business zone. Now we have the first look at the warehouse’s transformation, which will liven up a pretty dead commercial block between Scott and Gardner Avenues.
Williamsburg-based BL Realty has filed applications for a four-story, eight-unit residential building at 182 Jefferson Street, in northern Bushwick, five blocks north of the M train’s stop at Central Avenue. The building will total 6,468 square feet, and units will average 809 square feet apiece, with a fourth floor residence that extends to a “fifth-floor” penthouse. Rego Park-based Diego Aguilera is the architect of record, and an existing recessed two-story house must first be demolished.