citistorage fire williamsburg

Burnt-Out CitiStorage Warehouse Being Sold To Development Team, Williamsburg

Crain’s Business reports that Norman Brodsky is expecting to sell the burned-down warehouse located on Williamsburg’s northern waterfront, at 5 North 11th Street, to a pair of developers. Midtown Equities and East End Capital have reportedly signed a contract to purchase the site, but the exact price has yet to be revealed. The property is currently zoned for commercial and manufacturing use; 600,000 buildable square feet is available as-of-right.

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321 Starr Street

Cayuga Capital To Transform 321 Starr Street Into Retail Building, Bushwick

DNAinfo reports Cayuga Capital acquired the single-story warehouse building at 321 Starr Street, at the northern tip of Bushwick, for $9 million, and plans to expand the building to accommodate multiple commercial tenants. MetroRock Climbing is already expecting to open a 23,000 square-foot facility in the building in spring of 2016, and future tenants will be revealed later on.

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1613 Mermaid Avenue

Seven-Story Rental To Fill Long Vacant Lot At 1613 Mermaid Avenue, Coney Island

An LLC has filed applications for a seven-story, 16-unit residential building at the empty lot at 1613 Mermaid Avenue, on Coney Island. Measuring nearly 11,290 square feet in total, the average unit will be a little over 700 square feet, indicating rentals are likely in the works. Miele Associates is designing the new structure, which will hopefully rise on the long-vacant lot.

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