A Co-op Considers Developing New York City $10 at a Time
Last night, 130 people crowded into a tiny dance rehearsal room above a theater in the East Village to talk about how they could turn struggling or vacant properties into affordable spaces.
Last night, 130 people crowded into a tiny dance rehearsal room above a theater in the East Village to talk about how they could turn struggling or vacant properties into affordable spaces.
UPDATE: Reps have gotten in touch with YIMBY, noting that these renderings are now outdated, and that Morris Adjmi is now designing the building instead of AA Studio.
A residential conversion is in the works for a three-story loft building at 89 Grand Street in Williamsburg, and YIMBY has the first look at the planned three-story expansion and new two-story building next door.
Toby Moskovitz’s Heritage Equity Partners is planning a 10-story, 144-key hotel at 232 Siegel Street in East Williasmburg, near the Morgan L stop.
The pricey Oosten condo development has topped out with seven stories at 429 Kent Avenue in South Williamsburg, and workers have begun installing glassy facades on the building’s north side, along South 8th Street.
On the southern end of Williamsburg’s waterfront, a three-story commercial property at 484 Kent Avenue is about to hit the market as a development site, boasting 500,000 square feet of residential air rights. In 2011, the property was granted a zoning change to allow for three towers totaling 800 residential units, 30% of which would be affordable. Per Crain’s Business, HFZ Capital Group is interested in the property; the site is suspected to be valued north of $250 million.