And in other Jehovah’s Witnesses real estate news, a developer is planning a 12-story, 105-unit rental building for 177 Front Street between Jay and Bridge Streets, occupied by a one-story garage that the Witnesses sold last March for $30,600,000. The Real Deal reported that developer Megalith Capital is going to build mostly one- and two-bedroom units ranging from $3,000 to $6,000 per month, or roughly $65 to $70 per square foot.

Twenty percent of the apartments will be “affordable” units. Designed by Aufgang Architects, the high-rise will also house a restaurant and underground parking. And next door at 200 Water Street, which was also part of the $30,600,000 buy, Megalith is converting a brick factory to condos.

Megalith Plans 105-Unit Dumbo Rental – With Parking [TRD]  GMAP
Photo by Google Maps


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