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100-Unit Mixed-Use Project Planned At 525 Broadway, Williamsburg

Blesso Properties has acquired the former Lincoln Savings Bank building and the 13,000 square-foot parking lot at 525-545 Broadway, in southern Williamsburg, for $32.8 million; the site was placed on the market a year ago. According to Curbed, the assemblage includes 190,000 square feet of development rights, and a mixed-use building, with 100 rental units and a 15,000 square-foot roof deck is planned for the vacant lot. The existing 60,300 square-foot bank building will also be redeveloped, and the project is located right beneath the J and M trains’ Lorimer Street stop.

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95 South 5th Street, rendering from construction fence

Six-Story, 23-Unit Residential Project Tops Out At 95 South 5th Street, Williamsburg

In October of 2014, YIMBY revealed renderings of the six-story, 23-unit mixed-use building planned at 95 South 5th Street, in western Williamsburg, and now the building is topped out, according to Curbed. Horrigan Development and Pilot Real Estate Group are developing the project, while Standard Architects is designing. A 675 square-foot dining establishment is planned on the ground floor, and units will average 790 square feet in the 18,575 square-foot structure.

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Permits Filed: 196 Montrose Avenue, East Williamsburg Expansion

As property values skyrocket in the low-slung eastern edges of Williamsburg, small developers are searching for ways to boost a site’s density without spending exorbitant amounts of money on construction. Increasingly, they file their developments as alterations, rather than new buildings, which allows them to avoid building expensive underground parking. And the J-51 abatement gives landlords a break on their property taxes, in exchange for preserving at least 50% of the old building and keeping the new units rent-stabilized for up to 20 years. One of these enterprising developers has filed alteration applications to expand a little three-story brick apartment building at 196 Montrose Avenue, on the corner of Humboldt Street.

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49 Broadway

Work Begins At Seven-Story, 17-Unit Mixed-Use Project At 49 Broadway, Williamsburg

Work has begun on a seven-story, 17-unit mixed-use building at 49 Broadway, in Williamsburg, two blocks in from the East River, according to DNAinfo. Hess Management is developing the 17,207 square-foot building, which will feature 5,293 of commercial-retail space on the ground and second levels. A 352 square-foot doctors office is planned on the ground floor, and starting on the third floor, residential units averaging 680 square feet begin. Jeffrey Kamen is designing.

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207 South 3rd Street, rendering by Charles Mallea Architect

Revealed: Expansion at 207 South 3rd Street, Williamsburg

Developer Moishe Loketch of the Loketch Group got a little press earlier this year when he talked to the Awl’s Brendan O’Connor about his two-year-old condo project in Canarsie, Loft 87. Now YIMBY has the first look at a very different sort of Loketch Group project—a three-story expansion of a low-slung storefront with apartments at 207 South 3rd Street in Williamsburg.

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