An anonymous LLC, based in Valley Stream, N.Y., has acquired the 6,800-square-foot development site at 21 Powers Street, located in the heart of Williamsburg, from Slate Property Group for $5.75 million, the sale’s broker announced Monday. Planned is a four-story, 10-unit residential project, of which YIMBY revealed a rendering roughly a year ago. The latest building applications indicate it will encompass 19,041 square feet. The residential units, which will be condominiums, should average 1,344 square feet apiece. Amenities include a four-car parking garage, laundry facilities, private residential storage space, a fitness center, and a rooftop terrace. Meshberg Group is the design architect, while Grasso Menziuso Architects is serving as the executive architect. Completion is expected in 2017, although a single-story warehouse must first be demolished. The Lorimer Street/Metrpolitan Avenue stop on the G and L trains is located three blocks north.
In March, Charney Construction and Development paid $80 million for one of the largest remaining residential development sites in Williamsburg. The one-acre site had belonged to the Dime Savings Bank of Williamsburgh, which unloaded all of its property except for the iconic Neo-Classical bank at the foot of the Williamsburg Bridge.
Mild suffering for a long time or significant hardship for a shorter time. Those were the choices faced by the Metropolitan Transportation Authority when it came to post-Hurricane Sandy repairs on the L train tunnel under the East River. The MTA has opted for the latter option.
Lower Manhattan-based Fiocchi Group has filed applications for a three-story, single-family townhouse at 207 North 5th Street, in Williamsburg. The structure will measure 4,457 square feet and will rise 47 feet above street level. The basement will include a pool, a fitness center, a steam room, and storage space, followed by 4,325 square feet of residential space on the three floors above. Bryan M. Brown’s Upper East Side-based architectural firm is the architect of record. The 25-foot-wide, 2,500-square-foot property was previously occupied by a three-story, three-unit residential building, which was demolished last December. The Bedford Avenue Station on the L train is located three blocks away.
Kew Gardens-based M Development has filed applications for a four-story, seven-unit residential building at 194 Ainslie Street, in central Williamsburg. The structure will measure 6,570 square feet and its residential units should average 714 square feet apiece, indicative of rental apartments. There will be one unit on the ground floor, which will also feature space in the cellar, followed by two units per floor on the upper three. Private residential storage space will be located in the cellar. Emmanuel Katerinis’s Astoria-based SM Studio Inc. is the architect of record. The 25-foot-wide, 2,500-square-foot property is currently occupied by a two-story townhouse. Demolition permits were filed in June. The Lorimer Street Station on the L train is located four blocks away.