In April, YIMBY noted excavation was underway at 181 Front Street, in Dumbo, where Megalith Capital Management and Urban Realty Partners are building a 12-story, 105-unit rental building, which will also have 1,490 square feet of retail on the ground floor. Now, foundation work is beginning, according to Brownstoner. The project also consists of the conversion at 200 Water Street, where 15 condominiums are planned, and Aufgang Architects is designing, with completion slated for 2016.
Kushner Companies and RFR Realty are teaming up with Ian Schrager to develop a Public Hotel at the six-building Dumbo Heights redevelopment, in Dumbo, according to the New York Post. At 90 Sands Street, the 30-story, 508-room Jehovah’s Witness residential hotel could to be transformed into a nearly 600-key hotel, with up to 100,000 square feet of amenity and meeting space.
In December 2000, the city evicted 60 tenants from an illegally converted loft building at 247 Water Street in Dumbo, and landlord Joshua Guttman ultimately bought out the renters for $30,000 each. When he applied to legalize the building’s apartments, the city denied his request, and a week later, a mysterious four-alarm fire raged through brick factory. Now, after years of sitting vacant and boarded up, the five-story building between Bridge and Gold Streets may become office space.
Alloy and Monadnock Development’s One John Street condos are rising quickly along the Dumbo waterfront in Brooklyn Bridge Park, already reaching 10 stories, after rising out of the ground only earlier this year.
As the sprawling conversion of the old Empire Stores warehouses inches forward on the Dumbo waterfront, theater company St Ann’s Warehouse has made progress renovating one former tobacco warehouse at 45 Water Street into a performing arts space.