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citistorage fire williamsburg

Owner of Williamsburg’s Burnt Out CitiStorage Warehouse Thinks It Could Sell for $500 Million

The site of a recent large-scale fire on Williamsburg’s northern waterfront — the burned-down warehouse located at 5 North 11th Street — may be on the path for redevelopment, or so the property’s owner hopes. Crain’s Business reports the property — likely valued at $500 million — boasts roughly 600,000 square feet of commercial air rights, and could be rezoned for residential if approved by city council, however earlier prospects to designate the land as park space may foil any redevelopment prospects.

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31 Ainslie Street

DOB Digest: Chetrit Plans Five-Story Residential Building at 31 Ainslie Street in Williamsburg, More

31 Ainslie Street: Meyer Chetrit has filed applications at 29-37 Ainslie Street, in Williamsburg, for a five-story, 14-unit residential building. The building is associated with plans for a 14-story mixed-use building with residential units, hotel rooms and retail space at 500 Metropolitan Avenue. Kutnicki Bernstein is designing, and an old single-story warehouse was demolished in 2013.

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