Development Watch: 53 Broadway
After buying the 15,000-square-foot lot at the corner of Wythe and Broadway back in 2005 for a cool $6,900,000, the developers Kaish & Taub finally pulled their excavation and shoring permits about three weeks ago; we hear that lining up the funding was a bit of a bear. Their plans for a seven-story building for…
After buying the 15,000-square-foot lot at the corner of Wythe and Broadway back in 2005 for a cool $6,900,000, the developers Kaish & Taub finally pulled their excavation and shoring permits about three weeks ago; we hear that lining up the funding was a bit of a bear. Their plans for a seven-story building for the site have yet to meet with DOB approval, despite a back-and-forth dating back to May 2006. The current plan is for 72 apartments and 66 parking spaces along with a healthy dose of ground-floor retail. (In a sign of the times, condos have been ditched in favor of rentals, we hear.) And it looks like The Edge won’t have the only pool in town either. The Kutnicki Bernstein design looks pretty nice to us. GMAP P*Shark DOB
I think it’s very unlikely that this project will get built. Kaish & Taub (Norman Kaish and Leonard Taub) have been evicted from their Madison Ave offices and are now working out of a PO BOx on Lafayette Street and have been sued for fraud!
Don’t forget about the Bridge Painter’s building and the Chandelier factory!
4:51 the buildings surrounding it are Marlow and Sons and Diner and its directly across from the Gretsch ,down the Whythe side is a floral designer and some ugly warehouse. There is a real need for retail in the area and hopefully people will see that and not put in a bank
as an owner in williamsburg, it is fun to imagine what the area will be once all these buildings are in. even if the sales don’t go through, i am sure that the rental market here will remain strong. there will continue to be extreme growth for restaurant and store owners. it is an incredibly vibrant population that is different from other parts of gentrified brooklyn. this site can be very negative about williamsburg, but it is definitely interesting and fun to watch the growth, and in general, it’s all very positive.
why dont they draw the buildings that will still surround these new building? I would love to know what retail will rent the ground floor.
anything is better than the guys that were living in the lot for the past 2years the smell of human piss in the summer was delightful
you say:
“In a sign of the times, condos have been ditched in favor of rentals.”
they say:
“The Company intends to develop the corner property site for approximately 72 luxury residential condominiums …”
also, I suppose it my affect financing, but at this point why would anyone make a decision based on “a sign of the times” when it will probably take about 2 years to complete. The market can change drastically in that time.