Avalon Adds Another Piece to the Puzzle


As 388 Bridge Street begins its ascent, Avalon Bay continues to plot its massive project across the street. The developer added another parcel (385 Bridge Street) to the eight already assembled for the development (marked with the blue circles in the above map). The price for 385 Bridge (marked with the red star) was $10,089,083.48. As of now, it looks like the two remaining pieces of the parcel are 94 Willoughby Street and 383 Bridge Street. Avalon’s total spend? Close to $100 million. The latest word on the 57-story rental tower, planned for years now, was that construction should wrap by the end of 2014. That hardly seems realistic at this point. Click through for a picture of the 355 Bridge property and an old rendering.
Details on Downtown’s Coming Towers [Brownstoner]
Avalon Evidently Still Planning Second Downtown Tower [Brownstoner]
Avalon Buys Another Piece of Willoughby Pie [Brownstoner] GMAP
Avalon to Top Clarett in Downtown Brooklyn [Brownstoner]
More Evidence that Avalon is Planning Downtown Tower [Brownstoner]
Avalon Buys More Bridge Street Props from United Land [Brownstoner]
United Land Unloading Bridge Street Site to Avalon Bay? [Brownstoner]
Photo via PropertyShark

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