In the heart of downtown Brooklyn, just off of Flatbush Avenue and adjacent to the City Point complex, One Willoughby Square, also known as 1WSQ or 420 Albee Square, is now on track to become the tallest Class A office tower in Brooklyn. A $235 million construction loan has now been approved and secured from Otera Capital, a Canadian real estate lending company. JEMB is the developer of the upcoming office project.
Permits were filed yesterday for a seven-story residential building at 215 North 10th Street in Williamsburg, Brooklyn. The site is just two blocks from McCarren Park, and four blocks from the Bedford Avenue subway station, serviced by the L trains. Morris Adjmi Architects is responsible for the design.
New York hotelier Sam Chang and Marriott International partnered in 2016 to introduce several new ground up hotels around the city. Now, construction on one of two dual-branded properties has picked up between Eighth and Ninth avenues, at 338 West 36th Street.
Permits have been filed for a five-story mixed use building at 383 Union Avenue in Williamsburg, Brooklyn. The site is two blocks away from the Metropolitan Avenue subway station, serviced by the G and L trains. Ravi Patel is responsible for the development, after purchasing the lot for $2.25 million from the Bestreich Realty Group.
UPDATE: According to architect James Davidson from SLCE, “This image does not remotely comply with present or future massing constraints available for this site and was meant merely for internal circulation, not for public view. The 1QPS full block site is built full under today’s zoning regulations and cannot support such a structure.”