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.
Brooklyn-based Cipco Developers has filed applications for two six-story, seven-unit residential buildings at 299-301 Wallabout Street, in the Broadway Triangle section of Williamsburg, located a block from the Lorimer Street stop on the J/M trains. Each structure will measure 10,165 square feet and individual residential should average 1,452 square feet. Larger, family-sized apartments are in the works here, likely to accommodate the neighborhood’s Hasidic Jewish population. Both structures will be topped by penthouse levels, and a total of six parkings spaces and 20 bicycle storage spaces will be located on the ground and cellar levels. Hahram Tehrani’s Jamaica-based BTE Design Services is the applicant of record. A 60-foot-wide, single-story warehouse must first be demolished.
Douglaston Development’s fourth and final tower on the Williamsburg waterfront topped out yesterday at 2 North 6th Place.
Since the 2005 rezoning of Greenpoint and Williamsburg, the city has slowly been building out Bushwick Inlet Park, which was planned to span the waterfront from North 7th to 15th streets when combined with the East River State Park. A large swath of the waterfront is still occupied by CitiStorage warehouses between North 10th and 12th streets, and that site is expected to be sold to a team of developers, but the city is moving in to acquire the swath of land at 1 North 12th Street, between North 12th and 14th streets. The city is paying $53 million for the seven-acre plot of land, currently occupied by a three-story warehouses and the Bayside Fuel Oil Depot’s storage tanks, according to The Real Deal. If the initial plans are executed, the city will demolish everything and convert the entire lot into public park space. The new park space would be located right across Bushwick Inlet from the planned USS Monitor Park.
Manhattan-based TA Dumbleton Development, doing business as an anonymous LLC, has filed applications for a five-story, four-unit residential building at 33 Conselyea Street, in central Williamsburg, located two blocks from the Metropolitan Avenue stop on the G train. The new building would measure 4,714 square feet in total and its units should measure an average 943 square feet apiece, so they could be either condos or rentals. The project’s fourth-floor penthouse unit also features a mezzanine level and a roof deck. Timothy Dumbleton’s development firm is also the architect of record and probably designing in-house. An existing two-story townhouse must first be demolished.