Permits have been filed for a 26-story hotel and residential tower at 159 Broadway, in Williamsburg, Brooklyn. Rising above the Williamsburg Bridge’s final stretch in Brooklyn, the structure would be a highly visible addition to the neighborhood. The J, M, and Z trains all ride just past the site. Their first stop in Brooklyn, Marcy Avenue, is just four blocks away. Cornell Realty will be responsible for the development, after purchasing the site for $26.2 million.
The high-rise would peak at 277 feet, yielding 133,340 square feet 0f space. Of that space, 77,490 square feet will be dedicated to a commercial hotel, and 18,070 square feet will be for residential use.
A 251-key hotel will occupy the first sixteen floors of the structure, which includes a second-floor terrace and below-grade restaurant.
21 apartments will be created, averaging 860 square feet apiece, indicating condominiums. Floors average three to four units each, with terraces and balconies on floors 20 through 23. Tenants will have access to a below-grade fitness center and bicycle storage, as well as an exclusive recreational terrace with pool on the eighteenth floor. 12 parking spaces will be located in the first floor.
The site’s proximity to the former Williamsburgh Savings Bank, an example of the Classical Revival style from 1875, may be one of the most interesting pieces of information we have now. Stonehill & Taylor Architects, who will be responsible for the design, have a substantial portfolio of adaptive reuse and historical preservation projects.
The estimated completion date has not yet been announced.