As property values skyrocket in the low-slung eastern edges of Williamsburg, small developers are searching for ways to boost a site’s density without spending exorbitant amounts of money on construction. Increasingly, they file their developments as alterations, rather than new buildings, which allows them to avoid building expensive underground parking. And the J-51 abatement gives landlords a break on their property taxes, in exchange for preserving at least 50% of the old building and keeping the new units rent-stabilized for up to 20 years. One of these enterprising developers has filed alteration applications to expand a little three-story brick apartment building at 196 Montrose Avenue, on the corner of Humboldt Street.
Work has begun on a seven-story, 17-unit mixed-use building at 49 Broadway, in Williamsburg, two blocks in from the East River, according to DNAinfo. Hess Management is developing the 17,207 square-foot building, which will feature 5,293 of commercial-retail space on the ground and second levels. A 352 square-foot doctors office is planned on the ground floor, and starting on the third floor, residential units averaging 680 square feet begin. Jeffrey Kamen is designing.
Developer Moishe Loketch of the Loketch Group got a little press earlier this year when he talked to the Awl’s Brendan O’Connor about his two-year-old condo project in Canarsie, Loft 87. Now YIMBY has the first look at a very different sort of Loketch Group project—a three-story expansion of a low-slung storefront with apartments at 207 South 3rd Street in Williamsburg.
Last year, YIMBY revealed renderings of The Iconic Group’s planned five-story, seven-unit mixed-use building at 170 South 1st Street, in western Williamsburg. Now Brownstoner reports the project is under construction, with steel framing above street level. The building will measure 16,183 square feet, and includes 4,130 and 435 square feet of warehouse/retail and community space, respectively. ND Architecture & Design is the architect of record, and completion is likely expected in 2016.
Applications were first filed in early 2014 for a six-story, 10-unit mixed-use building at the vacant lot of 369 Berry Street, in western Williamsburg, and now Brownstoner has spotted renderings of the project. The building will total 13,490 square feet, which includes 2,383 and 2,627 square feet of commercial and community space, respectively; apartments will average 850 square feet. M&B Monroe Inc. is developing, while Charles Mallea is the architect of record.