A little more than one week after scaffolding went up around Avalon’s soon-to-be residential tower in Downtown Brooklyn, the mega-developer closed on the two remaining sites it needed to acquire before construction. Avalon paid $17,619,598.33 for two buildings: 383 Bridge Street and 94 Willoughby Street, according to public records. As we mentioned early this summer, those were the last two parcels needed along the corner of Willoughby and Bridge before maxing it out. This puts Avalon’s investment in the area around $100 million. The plans in place for years call for a 57-story rental tower that would wrap construction in 2014. We’re waiting for some updated plans since the deal is finally complete! See more pictures of the site after the jump, including a shot of 388 Bridge Street, the residential tower under construction right across the street.
Demo Soon for Row on Willoughby Street [Brownstoner]
Avalon Adds Another Piece to the Puzzle [Brownstoner]
388 Bridge Street
An explosion Saturday afternoon in Borough Park has killed one person and injured three, including one firefighter.
Cypress Hills J Station, arguably the most decrepit station in Brooklyn The New York City Transit system needs help, and…
This post courtesy of Explore Brooklyn, an all-inclusive guide to the businesses, neighborhoods, and attractions that make Brooklyn great. It’s…
Local Writes Brownstoner About Gentrification in Bushwick: High Rents Forcing Out Families A Brownstoner reader and longtime resident of Bushwick…
Brooklyn Nets player Thaddeus Young bought a $5,400,000 condo in Brooklyn Heights’ One Brooklyn Bridge Park earlier this summer. Apparently he’s already…