304 north 7th street willliamsburg

Three big developers have snapped up a crumbling Williamsburg factory for $18,300,000, Crain’s reported, paying a near-record price in hopes of building condos on the site. Adam America, Naveh Shuster and Slate Property Group recently bought the large, L-shaped property at 304 North 7th Street. It faces the BQE and has close to 200 feet of frontage on both Meeker Avenue and North 7th Street, for a total of 22,325 square feet.

The final sale price works out to $432 per buildable square foot, for a property that could accommodate up to seven stories and 60,278 square feet of development. The lot last changed hands for $9,450,000 two years ago, meaning that the previous owners flipped it for nearly twice what they paid.

The developers are confident about the condo market, an exec from Slate said. Condos in Williamsburg are relatively scarce, with 256 condos in development versus 3,725 rentals, according to TerraCRG data quoted in Crain’s. TerraCRG brokered the deal.

The development trio is also working on several other projects in Brooklyn, including large developments at 535 4th Avenue, 470 4th Avenue, and 275 4th Avenue, as well as a six-story rental in the Broadway Triangle. And just a block away, Adam America is  building two seven-story buildings housing 169 units at 247 North 7th Street

Williamsburg Warehouse Fetches Near-Record Sum [Crain's]
Adam America Coverage [Brownstoner]

Photo by Christopher Bride for PropertyShark

763 carroll street park slopePark Slope
763 Carroll Street
Broker: Corcoran
Price: $4,249,000
Sunday 2:30 – 4:00
GMAP

97 north 7th street williamsburg 112014Williamsburg
97 North 7th Street
Broker: Corcoran
Price: $3,250,000
Sunday 2:00 – 3:30
GMAP

445 carroll street gowanus 112014Gowanus
445 Carroll Street
Broker: Corcoran
Price: $1,995,000
Sunday 1:00 – 2:30
GMAP

232 greene avenue clinton hill 112014Clinton Hill
232 Greene Avenue
Broker: Corcoran
Price: $1,795,000
Sunday 1:30 – 2:30
GMAP

67 havemeyer street williamsburg 112014

Hedge fund CEO Harsh Padia has snagged a big one-story factory at 67 Havemeyer Street in Williamsburg for $8,850,000, according to public records. The 50-by-140 foot lot could accommodate a residential building as large as six stories and 23,760 square feet under the current zoning, according to PropertyShark. Instead, Padia is planning a four-story, one-family house, according to new building applications filed earlier this month.

The DOB disapproved plans for the 2,600-square-foot house yesterday, and demolition permits have not yet been filed to knock down the existing building, which is home to a printing company. The site is L-shaped and sits at the corner of Havemeyer and North 6th, less than a block from the BQE.

Padia is the head of hedge fund HAP Capital, and his wife, Purvi Padia, is an interior designer. If the plans go through, we expect they will have some very nice outdoor space on this big lot. The applicant of record is Schneider Associates. This will be an interesting one to watch.

Photo by Christopher Bride for PropertyShark

100 south 4th street 1

The first renovated rentals have hit the market at the seven-story Rocket Factory Lofts in Williamsburg, which sold three months ago to Meadow Partners for $52,000,000, Curbed reported. (This is the Scarano-designed conversion that was at one time owned by murdered Brooklyn landlord Menachem Stark and his partner Sam Perlmutter.)

The upgraded units at 100 South 4th Street have new bathrooms, new kitchens with stainless steel appliances, “open loft” layouts, maple floors and 14-foot ceilings. Seven units have been listed so far, ranging from studios to two-bedrooms and priced from $3,495 to $4,650. The 75-unit building will also have a new roof deck and a renovated lobby.

Click through for more interiors. What do you think of the design?

100 South 4th Street [Aptsandlofts.com] GMAP
Revamped Rocket Factory Lofts Seek Renters in Williamsburg [Curbed]
New Owner Buys Former Menachem Stark Rentals, Plans Upgrades [Brownstoner]
Photos by Aptsandlofts.com

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like sunday, like rain

The Williamsburg Independent Film Festival is screening five days of indie flicks at the Wythe Hotel this weekend, starting Thursday. Each night of screenings begins at 6:30 pm and features 10 to 12 short films created by emerging filmmakers based in Brooklyn and around the world.

The first night will include the premiere of the feature-length movie “Like Sunday, Like Rain,” pictured above, starring Deborah Messing and Billy Joe Armstrong. Tickets are $15 for each hour-and-a-half long block of films. You can buy tickets and see the full schedule at Brown Paper Tickets.

Image via Williamsburg Independent Film Fest 

411 kent avenue williamsburg 112014

This old firehouse at 411 Kent overlooking the water in south Williamsburg is being marketed as a development site. The mixed-use property sits on an approximately 23 by 102 foot lot and has 11,419 of buildable square feet, according to the listing.

Inside there doesn’t seem to be much worth preserving — it seems to have been in use as an office, wood shop, artists studio and possibly even a bar or restaurant — although the exterior is historic. Think they’ll get their ask of $6,375,000?

411 Kent Avenue [Corcoran] GMAP

Tom Fruin Kolonihavehus dumbo 112014

Two Trees commissioned three new works of public art in Dumbo, one of which is Tom Fruin’s multicolored stained glass house, as well as a new mural at the Domino Sugar development site, according to the developer’s PR reps. Fruin assembled his brightly colored “Kolonihavehus” near Jane’s Carousel in Brooklyn Bridge Park to coincide with the Dumbo Arts Fest last month, and it will remain on display until the spring. Two other pieces installed at the same time will remain through next year too: Joan Pamboukes’ landscape of images from Grand Theft Auto, titled “Where the River Meets the Sky,” and Erin Hudak’s “SEE THRU,” underneath the Manhattan Bridge. Click through to see the other three.

Photos via Two Trees

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510 driggs avenue williamsburg rendering 102014

The long-stalled apartment development turned parking lot at 510 Driggs Avenue in Williamsburg sold for $25,000,000 in September, according to public records. Last month, we published this rendering for the site designed by ODA Architecture, which apparently cannot get enough of unevenly stacked boxes.

The buyer is developer DHA Capital, according to the deed. Curiously, Crain’s reported in September that a different developer, Alliance Private Capital Group, said it had purchased the site for $35,000,000.

A development as large as 70,0000 square feet could be built on the property between North 8th and North 9th streets. That works out to $357 a buildable square foot for the DHA deal, or $500 a buildable square foot for Alliance — which would be one of the highest prices ever paid for a Williamsburg development site, according to Crain’s.

ODA Releases Cube-Happy Design to Maximize Light, Air in Williamsburg Building [Brownstoner] GMAP

Rendering by ODA Architecture

429 kent avenue oosten 1 williamsburg 112014

Three stories have risen above ground so far at the Oosten, the Dutch-designed and Chinese-developed condo complex at 429 Kent Avenue in South Williamsburg. Looking into the huge construction site between South 8th and South 11th streets, we could see the building taking shape around what will eventually become a landscaped inner courtyard.

The condos debuted in September with prices ranging from a one-bedroom asking $710,000 to four-bedroom, 3.5-bath townhouses for $3,635,000.

Meanwhile, next door at 431 Kent, the eight-building Hasidic development now has balconies and light-colored brick installed on its facades.

Click through for more construction shots.

Oosten Coverage [Brownstoner]

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263 bedford avenue williamsburg 102014

It’s been a year since we stopped by the building site next to the public swimming pool on Bedford Avenue in Williamsburg. In that time, the mixed-use, six-story project has progressed from a hole in the ground to topping out. When it’s finished, the 60-foot-tall building at 263 Bedford on the corner of North 1st Street will house 14 apartments and 3,510 square feet of commercial space.

There will also be underground parking for eight cars. The architect of record is Jung Wor Chin, and permits list the owner as John Hermanowski, who bought the site in 1986, according to public records. The rendering on the fence, first published by BuzzBuzzHome in May, shows a brick facade and glass balconies on several units. Click through the jump to see our photo of it.

Excavation Starts for Six-Story Building on Bedford in North Williamsburg [Brownstoner] GMAP
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510 driggs avenue williamsburg rendering 102014

What do you think of this unusual design by ODA Architecture for a long-stalled apartment development at 510 Driggs Avenue near McCarren Park in Williamsburg? We’re not crazy about the look of the stacked and cantilevered cubes, but ODA’s functional explanation is intriguing.

Each of the 100 units in the five-story building will have a balcony or other outdoor space, and at least two exposures for good light and air, the firm told Arch Daily, which first published the rendering. Click through to the story to see a floor plan and other drawings that spell out the details.

“What if we could live in cities where everyone could enjoy similar qualities of a private house,” the firm told the paper. “We then challenged the zoning rules and regulations and the very common fundamentals and typologies of typical apartment buildings and came up with a scheme that satisfies all of the above. The complexity of the form serves a noble function while also becoming a beautiful piece of architecture.”

Commenters on the story lauded the design for innovation but questioned whether it can actually be built as shown in the rendering. We’d like to point out that large prewar apartment buildings in New York City typically had similar or even better exposures. Maybe we should revisit those floor plans. (more…)

citibike map

As real estate firm REQX Ventures and gym chain Equinox prepare to take over troubled Citi Bike, the bike share program has announced a big expansion into Brooklyn and Queens, adding 6,000 bikes and 375 stations by 2017. Next year, stations will come to Greenpoint, north and east Williamsburg and eastern Bed Stuy, according to this map released by Citi Bike earlier this afternoon. After that initial expansion, stations will be added in Prospect Heights, Crown Heights, Park Slope, Red Hook, Cobble Hill, Boerum Hill and Carroll Gardens.

Citi Bike also confirmed the price of a yearly membership will rise from $95 to $149, but hasn’t revealed when. Riders can still get a $95 membership for now.

Map via Citibike’s Tumblr