A strip of aging industrial buildings along McCarren Park in Greenpoint are gradually giving way to residential ones. First, an old school Polish bakery sold to Chatham Development Company for $8.7 million, and plans for a seven-story, two-tower condo building surfaced at the DOB. Now, new building applications have been filed for a six-story apartment building at 848 Lorimer Street, between Nassau and Driggs avenues.
Just as the MTA considers a lengthy L train shutdown to repair flood damage from Hurricane Sandy, the Department of City Planning has kicked off the approval process for Williamsburg’s first new office building in decades. But the rezoning for the development at 25 Kent Avenue includes a policy that could shape industrial areas throughout the city. It would create a special district that allows developers to trade light manufacturing space for extra office space.
Boaz Gilad’s Brookland Capital is building small rental and condo projects from Williamsburg to Flatbush, and yesterday they ventured just over the Bushwick border to Ridgewood. Plans were filed yesterday for two identical, five-story apartment buildings at 16-61 and 16-71 Summerfield Street, three blocks from the Halsey Street stop on the L train.
In 2014, YIMBY revealed renderings for a mixed-use redevelopment of the buildings at 119-123 Kent Avenue, in northern Williamsburg, located three blocks from the Bedford Avenue Station on the L train. Now, Commercial Observer reports CW Realty and Joyland Group have acquired the three four-story tenement buildings for $15.9 million, which measure roughly 15,000 square all together and come with 5,700 square feet of air rights. The new owners plan to combine the three buildings through the first floor and create a 5,625 square-foot retail space. It’s not known if the old proposal is being built, but the properties’ existing 18 total residential units will be renovated. Only two of them are currently occupied (and they are rent-stabilized).
Developer Cayuga Capital plans to carve apartments out of an aging brick warehouse on the Greepoint waterfront, and a year and a half after uncovering an initial rendering, YIMBY has a better look at what the stepped development at 79 Quay Street will look like.