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Preliminary pricing and a teaser site with renderings are out for the 40-story megatower at 1 North 4th Place in Williamsburg (formerly the third Northside Piers tower). Designed by FXFOWLE Architects, the 510-unit development has studios priced from $2,200 to $3,250 a month, one-bedrooms from $2,800 to $3,700, and two-bedrooms from $4,200 to $5,800, according to Curbed. Three-bedrooms range from “the high $5,000s” to $8,500 a month.

Besides stereotypically Williamsburg marketing photos, such as a heavily tattooed man holding a baby, the teaser site also shows renderings of a corner apartment with views of the Manhattan skyline, an indoor lounge with a library, and an outdoor pool. The building was originally supposed to be the third Northside Piers tower, until the Toll Brothers left the project. Douglaston Development, RD Management and L&M Development Partners broke ground on the 434,000-square-foot luxury building two years ago.

What do you think of the look and the prices?

Williamsburg’s New Waterfront Rentals Finally Reveal Details [Curbed] GMAP
1 North 4th Place Coverage [Brownstoner]

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A socioeconomic shift has led to Brooklyn becoming “Manhattanized,” according to a Massey Knakal third quarter recap and two reports we received in our inbox last night. This is not the first time the real estate firm has used that word, but now it goes into much more detail about it and forecasts the trend will continue.

The firm doesn’t see any slack coming at the end of the year. “We expect dollar volume in 4Q14 to exceed 3Q14,” and rents and prices to continue to increase, said one of the reports.

The reports outlined three reasons for the continued “Manhattanization” of Brooklyn:

• Big time institutional investors jumping into the market
* New, higher quality, bigger building stock
* Price appreciation in Williamsburg and other areas has closed or exceeded the Manhattan gap (more…)

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Owner JPMorgan Chase has decided to put one of its prime bank branches up for sale: The historic Dime Savings Bank at 9 DeKalb Avenue in Downtown Brooklyn. The 1908 Classical building looks like a Roman temple and sits next to Junior’s in a major development spot in Brooklyn that is currently seeing tons of high-rise construction.

The building is landmarked, so it will not be torn down or altered for development. No asking price has been named, but real estate insiders speculated it could fetch $100,000,000 or more, mostly for its valuable air rights, Crain’s reported.

Chase will move to 490 Fulton Street. The building would make a great event space, or possibly Apple might be interested in opening a store there, sources speculated to Crain’s. Massey Knakal is marketing the listing.

A planned tower at 340 Flatbush Avenue Extension could use the landmark’s 285,000 square feet of development rights to build an even bigger tower. The 100,000-square-feet bank has a gold dome on top; inside is a rotunda with giant marble columns, offices on the second floor, and an underground floor with vaults and a firing range. It was a Building of the Day in 2012.

Dime Savings Bank in DoBro Could Become $100 Million-Plus Buy [Crain's]

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An eight-story mixed-use building will replace the former Elks Lodge building at 1068 Fulton Street near Classon Avenue in Bed Stuy, next to the Clinton Hill border. Architect Nataliya Donskoy filed a new building application yesterday for an eight-story, 41-unit development on the 5,900-square-foot site.

The project will have 4,796 square feet of ground floor retail, a rec room, roof terrace and 21 underground bike storage spots, according to Schedule A filings. Demolition applications have been filed but not yet approved for the existing building.

Building of the Day last year, the apartments were originally built as row houses in the 1870s, and a black chapter of the Elks began meeting there in the 1920s, eventually attracting more than 1,000 members.

Building of the Day: 1068 Fulton Street [Brownstoner] GMAP

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Three huge lots equal in size to almost an entire block have been leveled to make way for a huge public housing project in Ocean Hill. (You can see the future plans for the site here and here.) The property was formerly the Prospect Plaza housing project, home to 1,200 people, which NYCHA emptied out in 2000, promising to rebuild. When we visited a year earlier, the empty, boarded-up apartment houses were still standing.

At 1776 Prospect Place, pictured above and after the jump, the demo work started in May and was signed off on in October. An application for a new six-story building with 101 apartments was disapproved this month. The building that previously stood there was 15 stories.

The area immediately around the public housing sites consists of empty lots or empty apartment buildings, adding up to about eight desolate lots on two and a half blocks between Saratoga and Howard avenues and Prospect and Sterling places, close to Eastern Parkway in Ocean Hill.

Click through to see more photos of the site and a rendering of one of the planned buildings.

City Finally Moves to Redevelop Vacant Housing Project in Ocean Hill [Brownstoner] GMAP
Rendering by Dattner Architects via NYY
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The long-stalled high rise development at 420-444 Kent Avenue on the waterfront in south Williamsburg is finally seeing some action. ODA Architects filed permits for 18- and 22-story towers there yesterday, following Spitzer Enterprises’s purchase of the property over the summer, New York YIMBY reported.

We expect the new design will be a great improvement over the last one, although no new renderings have been released. As for the specifics of the plan, they are similar although one tower will be shorter by two stories. The two buildings will have 449 units. If the old waiver still applies, 20 percent of the units will be affordable.

ODA is known for its low-rise buildings that resemble boxes in unusual configurations; its towers are similar but sleeker.

The site was formerly home to the Kedem Winery. The sale has not yet hit public records. Click through for a look at an old rendering from the previous owners.

Permits Filed: ODA Designing 18 and 22-Story Towers at 420 Kent Avenue [NYY] GMAP
What Could Sprout at Stalled Kedem Winery Site in South Williamsburg [Brownstoner]
1970s tax photo from PropertyShark; Rendering via Vos Iz Neiaas (more…)

The city and state are looking for a firm to study and design (but not build) an integrated flood protection system for Red Hook. Governor Cuomo and Mayor de Blasio sent out a press release yesterday announcing a request for proposals, and have already committed $100,000,000 in city and state funding to flood protection. The whole project, including construction, will cost an estimated $200,000,000 and protect 370 acres of land, including Red Hook Houses and “other key buildings and infrastructure in the 100-year floodplain.”

Long-term flood protection strategies may involve “a combination of partially deployable floodwalls and raised development, park retrofits and street raising, resilient building retrofits and redevelopment, and improvements to drainage and pumping facilities,” according to the press release. The Mayor’s Office of Recovery and Resiliency and the NYC Economic Development Corporation will head up the actual implementation of the project.  They’ll also design the final measures with help from the Red Hook NY Rising Community Reconstruction Planning Committee.

Above, Red Hook flooded during Hurricane Sandy. Curbed was the first to write about the announcement.

Photo via Twitter

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Big news — although not unexpected — for Prospect Lefferts Gardens and preservationists: The Landmarks Preservation Commission yesterday voted to designate Chester Court. The beautifully intact teens Tudor Revival cul-de-sac was first suggested for landmarking back in the 1970s as part of the original historic district in the area.

Also yesterday Landmarks approved the revised plans for the mixed-use development that will replace a gas station at 112 Atlantic Avenue in Cobble Hill. The redesign is similar except the windows look more like those of surrounding buildings: Tall and narrow — but still lots of them. Yay, Landmarks.

You can read more about the votes in New York YIMBY, The New York Daily News and The Brooklyn Eagle. Click through to the Eagle story to see a photo showing the 112 Atlantic Avenue redesign.

Chester Court Coverage [Brownstoner]
112 Atlantic Avenue Coverage [Brownstoner]

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AB Architekten, not Karl Fischer, will design the mixed-use luxury building that will replace Clinton Hill’s White Castle drive-in at 531 Myrtle Avenue. We received the first renderings of the planned development, above and after the jump, from TerraCRG, which is marketing the retail space.

In September a family trust sold the property to an LLC for $4,500,000, according to public records. Developer Greystone & Co. has replaced Simon Dushinsky of the Rabsky Group, according to an item published in the Myrtle Avenue Partnership’s blog last week. Construction is expected to start in January.

Although no new building applications have been filed since we last looked at the property, the plans for the building described by TerraCRG sound as if they have not changed substantially. There will be 27 luxury apartments in the building with stores below. (No word yet on whether they will be condos or rentals.) The retail space on the ground floor will measure about 6,000 square feet with 14-foot ceilings and can be divided and built to suit, said TerraCRG. It will be ready for occupancy in early 2016.

“We expect to attract banks, food and beverage, pharmacies, and other uses targeting students and young families,” a spokeswoman told us. The development is across the street from Pratt, and the corner of Myrtle Avenue and Steuben Street will be part of the forthcoming Myrtle Avenue Plaza. The listing has not yet gone up online. Click through for more renderings and floor plans of the commercial space.

What do you think of the building design?

Clinton Hill White Castle Will Become a Karl Fischer-Designed Apartment Building [Brownstoner]
Renderings by AB Architekten (more…)

105 south 5th street rendering

Permits were filed yesterday for a long-planned affordable development at 105 South 5th Street in Williamsburg. New York YIMBY first spotted the new building application for the 11-story mixed-use building, which will rise on a vacant lot across from the Williamsburg Bridge, and have 56 units scattered across 45,000 square feet of residential space.

The ground floor will include 4,100 square feet of retail and an 1,100-square-foot medical office. Crain’s reported last year that the retail space will go to community groups and local businesses, such as The Garden, a family-owned organic grocery store in Greenpoint.

Not counting the super’s unit, the project’s 55 apartments will break down into 28 two-bedrooms, 19 one-bedrooms and eight studios, according to Crain’s. The city’s Department of Housing Preservation and Development owns the graffiti-filled lot. It used to be home to Landmarks’ architectural salvage warehouse, which was demolished three years ago. 

North Brooklyn Development Corp. and MDG Design and Construction are developing the 4,200-square-foot plot, and Dattner Architects is designing the building.

Permits Filed: 105 South 5th Street, Williamsburg [NYY] GMAP
Rendering by Dattner

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The condo building at 50 Bridge Street, built in 1894 to house a soap manufacturing company, is wrapping up a $3,500,000, two-and-a-half-year exterior restoration project. The update to the 58-unit luxury building, which went condo in 2004, involved waterproofing and stripping paint off the original brick facade.

“We are thrilled by these significant renovations that have resulted in the restoration of much of our building’s original character,” said the condo’s board in a press release. “The building is a beautiful example of 19th century industrial architecture and we have worked closely with Landmarks throughout this project.” Cowley Engineering and Flag Waterproofing and Restoration did the work.

We presume this fixes all the construction problems that were the subject of a 2007 lawsuit against developer Joshua Guttman. The condo owners received an undisclosed settlement in 2012 from Guttman over construction defects such as a “defective roof and other waterproofing issues,” a press release noted at the time. Click through to see a photo of the building in 2012, before the restoration.

50 Bridge Street Coverage [Brownstoner] GMAP
Photo above by 50 Bridge Street; photo below by Sunita Mungol for PropertyShark (more…)

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Work has started up again at the long-stalled site at 252 Atlantic Avenue, future home of the Atlantic Galleria, where Pier 1 Imports, Retro Fitness and others planned to set up shop. Crafts and framing shop Michael’s will replace Pier 1 as the anchor commercial tenant, according to new information on the sales site.

Other tenants will be TD Bank and Blink Fitness, according the site, leaving just one small spot of 663 square feet available.

We had noticed work had progressed on the foundation when we passed by a few weeks ago, although no workers were actually present at the time, on a weekday. Then a reader who lives nearby emailed us to say he noticed the site was buzzing with activity Friday.

The site has not been recently sold, according to public records, but the delay may have had something to do with financing. Last month, developer and owner Renaissance Realty Group took out a mortgage from Peoples United Bank for $15,100,000, according to public records.

Our tipster said he thought the foundation work was recent. “They are making a lot of progress quickly,” he said. He wasn’t as thrilled about the change of retailers, however. “Personally, I was more excited about Pier 1,” he told us.

Click through to see a shot from the street and the old rendering still posted on the construction fence.

252 Atlantic Avenue Coverage [Brownstoner]

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