Normandy Real Estate Partners and Princeton Holdings LLC have acquired the 160,000 square-foot low-rise industrial property at 333 Johnson Avenue in East Williamsburg for $26.75 million. The complex will be converted into a mixed-use commercial complex, featuring offices and retail. DNAinfo also reports the inclusion of a 40,000 square feet of outdoor space, and completion is expected in early 2016.
Ocean Bay Building Management has filed construction permits, reviving plans filed back in the summer of 2014, for their nine-story, 56-unit mixed-use building at 2126-2130 Ocean Avenue, in Madison (near the southern Midwood border). The building will measure nearly 53,100 square feet and includes a 510 square-foot community facility. Three two-story buildings were recently demolished to make-way for the project, and Building Consulting Engineering is the architect of record.
The concrete superstructure is taking shape for the futuristic William Vale hotel at 55 Wythe Avenue in Williamsburg, and it already looks as interesting as the rendering released last year.
Three years ago during Hurricane Sandy, flooding ravaged the Madeleine Jones Head Start Center on Neptune Avenue in Coney Island, and its owners, Catholic Charities of Brooklyn and Queens, began their search for a new location and a new building to house their daycare center.
Brownstoner reports the three contiguous properties spanning 626-630 5th Avenue, in Park Slope, are being redeveloped into 26 to 28 residential units by their new owner, George Malafis. His development plans have not yet been filed with the DOB, but the existing buildings rise three stories and amount to 22,500 square feet. The current retail tenant is expecting to move out in the coming weeks.