Retail for Burg Warehouse, Restart for 364 Bedford


There’s an interesting leasing project in place for two buildings on South 4th Street in South Williamsburg. Developers plan to renovate an existing one-story warehouse, pictured above, part of a three-building complex at 100 South 4th Street, with new storefronts to client specifications and roof access. The spaces will be delivered in vanilla box form. Currently the leasing agent, 5CRE, is seeking to bring a restaurant, gallery and retail to the building. Very recently a start-up retail boutique signed on, but at this stage 5CRE is still scoping out the neighborhood. Another pretty interesting plan in place with the developers is for 364 Bedford Avenue, the forever-stalled site of the Bedford Lofts on the corner of South Fourth and Bedford. The lis pendens filed by the bank in 2009 expires in December of this year. Allison DaCruz, a representative at 5CRE, tell us that once retail space is up and running at 100 South 4th, construction will resume at 364 Beford. The two properties have the same owner. DaCruz says: “We are discussing using the upper levels for office space now, instead of converting it to additional residential use… Though this is not definite quite yet. It may also be a mixed-use building (office, retail, apartments on the upper levels).” There isn’t a set timeline on when construction at 364 Bedford will begin. DaCruz notes of the project, “We are attempting to re-brand a block and create a central attraction in South Williamsburg and plan on creating a gateway to South Williamsburg through these properties.” GMAP

 

2 Comment