Over the spring, a team of developers entered into contract to acquire, from the Jehovah’s Witnesses, the 11-story, 739,000-square-foot commercial complex known as the Watchtower, at 25-30 Columbia Heights, in Brooklyn Heights. The team – now a joint venture between the Kushner Companies, CIM Group, and LIVWRK – have closed on the purchase for roughly $340 million, Commercial Observer reported. The new owners plan to convert the complex into creative office space, likely similar to how some of the same developers transformed the five-building complex now dubbed DUMBO Heights. The redevelopment is expected to begin within a year. In addition to the acquisition of 25-30 Columbia Heights, the same partnership is remains in contract to buy the vacant, block-encompassing development site at 85 Jay Street, in DUMBO.
Construction has been completed on the four-story (plus penthouse), 10-unit residential building under development at 434 Manhattan Avenue in Williamsburg. That’s on the corner with Bayard Street. YIMBY previously revealed schematic drawings of the project when foundation work was underway in the spring of 2015. The latest building permits show the building measures 10,262 square feet. The residential units should average 676 square feet apiece, indicative of rental apartments. Amenities include laundry facilities and a 302-square-foot recreational area on the ground floor. Borough Park-based Yoel Berkovitz is the developer and Beam Group is the design architect. Edward F. Zevallos Architect is serving as the architect of record. Occupancy can be expected very soon. The Lorimer Street/Metropolitan Avenue stop on the G and L trains is eight blocks away.
Property owner Adam Frampton has filed applications for a three-story, single-family townhouse at 172 Putnam Avenue, in western Bedford-Stuyvesant. It will measure 2,815 square feet and will host 2,032 square feet of living space across. There will be additional recreational space in the cellar. Adam Frampton’s Midtown South-based Only If Architecture is the architect of record. The 13-foot-wide, 1,333-square-foot property is currently vacant. The Franklin Avenue-Fulton Street stop on the C and Franklin Avenue Shuttle trains is located three blocks south.
Property owner Yaniv Zohar, doing business as an anonymous Kew Gardens-based LLC, has filed applications for four three-story, three-unit residential buildings at 3217-3223 Pearsall Avenue, in the East Bronx’s Allerton section. The buildings will measure between 3,640 square feet and 3,845 square feet. Across the entire project, the full-floor residential units should average a family-sized 1,013 square feet apiece. There will be a total of 10 off-street parking spaces. Arnold Montag’s Great Neck, N.Y.-based AM/PM Design & Consulting is the architect of record. The 100-foot-wide, 10,000-square-foot property is currently occupied by a single-story house. Demolition permits were filed in June. The Gun Hill Road stop on the 5 train is seven blocks away.
Property Adar Yigal, doing business as an anonymous LLC, has filed applications for a four-story, eight-unit residential building at 1390 Putnam Avenue, in Bushwick. It will measure 7,500 square feet and its residential units should average 687.5 square feet apiece, indicative of rental apartments. Woody Chen’s Elmhurst-based Infocus Design & Planning is the architect of record. The 25-foot-wide, 2,500-square-foot property is currently vacant. The Myrtle-Wyckoff Avenues stop on the L and M trains is located five blocks away.