The existing building has been completely demolished at 11-51 47th Avenue on the southern tip of Long Island City, clearing the way for the 11-story condominium tower that will house 56 units and rise 125 feet.
Charney Construction and Development
Back in May, YIMBY brought you news that the Dime Savings Bank development assemblage — located around but not including the two-story commercial building at 209 Havemeyer Street, in central Williamsburg — was hitting the market, and now it appears Tavros Capital and Charney Construction & Development are in contract to purchase the site. According to Commercial Observer, Dime is selling the 50,000 square-foot assemblage for $80 million, which could accommodate a mixed-use development of 230,500 square feet. The developers are expected to close on the purchase in early 2016.
YIMBY sat down with developer Sam Charney, who recently departed from Two Trees to pursue his own slate of projects in Long Island City, heading Charney Construction and Development. Drawing from his positive working relationship with…