Per The Real Deal, the Salvation Army has sold the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million, which equates to $2,500 per square-foot. The site boasts 14,400 square feet of building potential, and undisclosed construction plans will almost surely include a large retail component.
Windows are going in at Adam America’s 247 North 7th Street rental project in Williamsburg, where YIMBY found this rendering on the fence.
The site of a recent large-scale fire on Williamsburg’s northern waterfront — the burned-down warehouse located at 5 North 11th Street — may be on the path for redevelopment, or so the property’s owner hopes. Crain’s Business reports the property — likely valued at $500 million — boasts roughly 600,000 square feet of commercial air rights, and could be rezoned for residential if approved by city council, however earlier prospects to designate the land as park space may foil any redevelopment prospects.
Development has been picking up quickly in the Broadway Triangle, and today we have the first look at another project coming to the Williamsburg neighborhood, at 311-313 Wallabout Street.