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