NEW YORK | 555 Broadway | 319 FT | 28 FLOORS (270k+ sqft)

[chris08876]

Blesso opts for ground-up 27-story project on W’burg bank site

Blesso Properties filed plans for a new, 280,200-square-foot mixed-use building on the site of a former Lincoln Savings Bank branch in South Williamsburg, according to plans filed with the city’s Department of Buildings on Tuesday.

The developer appears to have scrapped its earlier plans for a conversion of the existing building.

The new 27-story building will rise at 555 Broadway near the J/M/Z South Williamsburg station. The proposed building, which extends along Broadway to Boerum Street, will house 226 residential units across 151,695 square feet of residential space, 126,410 square feet of commercial space and a 2,109-square-foot community facility.

The Garrison Architects-designed building will have offices on the second through seventh floors, five to twelve apartments on the upper floors, a rooftop terrace and parking.

Blesso TRData LogoTINY had previously filed alteration plans for an office-to-residential conversion of the 10-story building in October 2015. Those plans were not approved, and Blesso filed to amend them. The conversion would have made use of 98,000 of the lot’s 190,000 buildable square feet.
Blesso purchased the development site at 525-545 Broadway for $33 million in August 2015. Demolition plans for the existing four-story building have not been filed.

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http://therealdeal.com/2016/11/22/bl...urg-bank-site/

[dumbo]

something is wrong; the quoted article is describing Williamsburg in Brooklyn, but the map is showing Broadway in Soho, which would be very out of character with the classic cast iron buildings.

[chris08876]

NEW YORK | 555 Broadway | 298 FT | 27 FLOORS

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First Renderings of 545 Broadway, East Williamsburg's Future Tallest Building + Reimagined Banking Hall

The proposed 27-story, 298-foot-tall structure will hold offices along lower floors and 218 rentals above, according to submitted floor schedule. Per a program rendering posted on the site's construction fence, the tower will rise closer to Lorimer Street away from the ruckus of the overhead J and M train lines.

Garrison Architects are listed as the architect of record. The tower will be clad in orange-colored panels that somewhat complements the brick of Lincoln Savings Bank buildings. Many wondered if the bank building would be saved but it seems like the development team is committed to keeping it and will build a modern addition and roof deck above it. Renderings show the banking hall will be converted into a food hall.

Apartments will start on the seventh floor and many units will have beautiful views of the Manhattan skyline. Amenities are to include parking, many common and private residential terraces, a fitness center and a roof deck. Blesson says there will be more than 80 SF of open space per resident and go on to say, "All amenities have been designed and curated to holistically foster community interaction, support health, and well-being, cultivate sustainable living practices, as well as play host to a broad range of site-specific, programming created to bring residents, visitors together to live, work and play."

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CityRealty

[nylkoorB]

Originally Posted by dumbo

something is wrong; the quoted article is describing Williamsburg in Brooklyn, but the map is showing Broadway in Soho, which would be very out of character with the classic cast iron buildings.

You have the wrong Broadway — It's Broadway in Brooklyn

[chris08876]

Acuity Capital makes Williamsburg office play with $23M buy

Acuity Capital Partners has purchased 545 Broadway in Williamsburg for $23.25 million from Blesso Properties, according to sources familiar with the deal.

The property is an office building that Acuity plans to renovate, and the deal includes a $25 million acquisition and construction loan from DW Partners.

A JLL team of Brendan Maddigan and Ethan Stanton brokered the sale, and Galaxy Capital arranged the financing.

This was the second sale in an assemblage that also included 555 Broadway in Brooklyn, also addressed 277 Lorimer Street. Blesso sold that property in October to London-based co-living company The Collective for $54.25 million.

Blesso and Acuity did not respond to requests for comment.

Other projects coming to Williamsburg include a 100-unit residential development from Heatherwood Luxury Rentals at 134 Hope Street and a 38-unit residential development from DDG Development at 102-110 North 1st Street.

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TRD

[chris08876]

YIMBY Checks In On 545 Broadway In Williamsburg, Brooklyn

YIMBY went to visit 545 Broadway in Williamsburg, Brooklyn, the site of a proposed 400,000-square-foot mixed-use building from Blesso Properties. Designed by Garrison Architects, the structure is planned to yield 100 residential units, commercial space, and a 15,000-square-foot roof deck. The developer purchased the property for $32.8 million five years ago, and it was last reported that the 27-story project will also utilize 190,000 square feet of air rights.

Photos from the Lorimer Street subway station show the state of the property. A small section of the 13,000-square-foot parking lot has been fenced off with asphalt ripped up, but no construction equipment and machinery was spotted.

Renderings of the main southeastern elevation show a relatively tall superstructure clad in warm-toned panels with a loosely staggered pattern of narrow rectangular windows. A landscaped plaza with greenery and seating will give residents and visitors a more welcoming approach to the main doors. The last photo shows the elevation that runs parallel with the elevated subway tracks above Broadway. All the photos are made by Garrison Architects and found on the project description on their website.

The project’s triangular parcel is bound by Broadway, Boerum Place, and Lorimer Street. It sits between the elevated Lorimer Street subway platform and the Broadway station on the G train. The built-up portion of the property features several old low-rise structures that include the 60,300-square-foot, 154-year-old Lincoln Savings Bank at the corner of Broadway and Boerum Street and an adjacent residential building. The bank will be saved, refurbished, and included in the new construction project. The relatively isolated location for a building of its height will give 545 Broadway a significant degree of prominence, affording residents expansive views of the neighborhood and the Manhattan skyline and providing plenty of natural daylight exposure year round.

A start and completion date for 545 Broadway has not been announced yet, but YIMBY will keep an eye on this upcoming development.

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NYY

[chris08876]

Exclusive New Renderings Reveal The Collective’s 28-Story Flagship At 555 Broadway In Brooklyn

In an exclusive reveal, new renderings from ODA offer a first look at The Collective’s forthcoming New York City flagship in North Brooklyn. Located at 555 Broadway on the border of South Williamsburg and Broadway Triangle, the building will top out at 28 stories and contain a mix of rental apartments, short-stay rooms, shared office space, retail, community facilities, and a collection of amenity spaces.

Estimated construction costs hover around $450 million, ranking the project among the largest co-living developments in New York City. Now in pre-construction phases, 555 Broadway will join The Collective’s expanding portfolio of New York City outposts, including 292 North 8th Street in Williamsburg, 1215 Fulton Street in Bed-Stuy, and The Paper Factory Hotel in Long Island City.

Renderings of the building illustrate a highly kinetic façade, as is typical for ODA’s New York design studio. The structure’s three-story podium features a double-height glass enclosure along Broadway. The remaining corners of the podium glass are intersected by ribbed and bronzed cladding.

Above these floors, the building’s façade is primarily comprised of white masonry with playfully cantilevered bars edging out of the structure. On several floors, the voids created by these bars will be activated as accessible outdoor space.

Amenity spaces will reportedly include a rooftop pool, underground parking for 180 vehicles, a Turkish bath, indoor and outdoor lounge areas, a fitness center, and more. The building will also offer large co-working suites, a restaurant, community spaces, and a “market hall.”

The mix of living spaces is expected to include around 293 hotel rooms and 254 apartments.

The 319-foot-tall building will comprise over 371,000 square feet spread across five neighboring lots. Four of the lots are currently vacant, while the fifth is occupied by a single-story industrial building.

Construction permits were filed with the DOB in June 2019. To date, the project team has not revealed an official project schedule, but sources say that completion is anticipated by the end of 2022. When construction finally breaks ground, The Collective flagship will undoubtedly be one of the most exciting new developments in the South Williamsburg area.

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NYY

[Zerton]

Let's wait and see how the developer cuts backs those interesting bump-outs / recesses until they're just slightly raised/depressed façade elements.


I have gotten way too cynical...

[Busy Bee]

^ For good reason and you're not alone. Time and time again we have seen these bait and switch shenanigans. Let's hope this vision remains unfondled by the bean counters.

[colemonkee]

The new design is worlds better. I hope it's not value-engineered as people fear.

[chris08876]

New Development Team Revealed For 555 Broadway In Williamsburg, Brooklyn

Loketch Group, the Joyland Group, and Meral Property Group have formed a joint venture to begin a new mixed-use project at 555 Broadway in Brooklyn. The address represents a large, wedge-shaped assemblage on the border of South Williamsburg and Broadway Triangle.

The site was formerly owned by The Collective, a United Kingdom-based co-living company that announced plans in 2021 to construct mixed-use properties overseas. For 555 Broadway, the company retained ODA Architecture and revealed impressive renderings of a 28-story mixed-use tower with standard rental apartments, short-stay rooms, shared office spaces, lower-level retail, community facilities, and a collection of amenity indoor-outdoor spaces.

Estimated construction costs hovered around $450 million. Those plans, however, were eventually scrapped as a result of pandemic construction slowdowns and diminishing returns on investment.

Today, new designs for the development are murky. According to a statement from SCALE Lending, an affiliate of Slate Property Group, the new project will comprise 330,000 square feet and will include an unspecified number of affordable housing units. SCALE provided a $137 million loan to finance the acquisition and estimated construction costs.

It is unclear when the development is expected to break ground.

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NYY

[chris08876]

Some movement!!!



Credit: bkhights