The installation of the outside envelope on all levels of “The Dime” in Williamsburg, Brooklyn is nearing the finishing mark. The topped-out, 23-story mixed-use complex is located at 209 Havemeyer Street and stands close to the elevated Marcy Avenue subway station. Fogarty Finger Architecture is in charge of designing the new building, which rises behind the 111-year-old, landmarked Dime Savings Bank, while Charney Construction & Development and Tavros Holdings are developing the 350,000-square-foot complex. Douglas Elliman is handling leasing, JLL is the commercial broker, and Ripco is handling the retail component.
Dime Savings Bank
Excavation is progressing at 9 DeKalb Avenue in Downtown Brooklyn, the site of the borough’s first supertall. The 1,066-foot-tall tower is designed by SHoP Architects and developed by JDS, which secured $664 million in funding for the project several months ago from Otéra Capital Inc. and Silverstein Capital Partners. The 73-story residential tower will eventually become the tallest structure in Brooklyn, as well as the first tower in the outer boroughs to pass the 300-meter supertall threshold.
Last month, YIMBY reported on applications for JDS Development and Chetrit Group’s planned 73-story, 1,066-foot-tall residential tower at 340 Flatbush Avenue Extension, in Downtown Brooklyn, and now the New York Times has new details on the project, as well as an updated rendering. The tower portion would be connected to the Dime Savings Bank building at 9 DeKalb Avenue, an individual landmark, and would require the demolition of part of the structure. That means the Landmarks Preservation Commission would have to approve alterations to the bank building. The first hearing is scheduled for March 15. The interior of the 97,000-square-foot bank building, which is also an interior landmark, is expected to be transformed into retail space.
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.
Brownstoner reports the Dime Savings Bank building in central Williamsburg, which is only a portion of a 50,000 square-foot assemblage, is now on the market as a development site. The other properties included are 257-275 South 5th Street, 146-150 Marcy Avenue, 209 Havemeyer Street, and 262 South 4th Street, and a 230,500 square-foot mixed-use development could be accommodated. Dime Savings Bank is seeking to keep their retail location in the existing two-story building at 209 Havemeyer Street.