In the spring of 2015, Thor Equities entered into contract for the development site at 176 Bedford Avenue, located on the corner of North 7th Street in North Williamsburg. The developer has since closed on the property for $30 million. The developer plans to build a two-story, 14,500-square-foot commercial-retail building.
176 Bedford Avenue
In April, Thor Equities acquired the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, for $36.1 million, and now renderings posted on-site show a possible two-story commercial-retail building. Per Brownstoner, plans have yet to be filed for the project, but the property could accommodate a structure as large as 14,400 square feet. The site’s three-story predecessor has been removed.
Per The Real Deal, the Salvation Army has sold the development site spanning 176-180 Bedford Avenue, in northern Williamsburg, to Thor Equities for $36.1 million, which equates to $2,500 per square-foot. The site boasts 14,400 square feet of building potential, and undisclosed construction plans will almost surely include a large retail component.
107 Norman Avenue [Brownstoner]: Brooklyn Public Library’s Greenpoint branch — located at 107 Norman Avenue — “has received a $5 [million] grant” to expand the existing single-story, 6,500 square-foot structure by two floors. Beatty Harvey Coco Architects…