Rendering and recent photo of 53 Grand Street. Looks like some value engineering took place.
As Two Tree's Domino Sugar redevelopment presses forward at full steam, with the recent opening of its six-acre park and the start of two new towers, just inland a boutique condo building at 53 Grand Street is preparing to debut. The three-unit Williamsburg project has been led forward by Investmates, an innovative real estate firm with more than a dozen ventures now underway in Manhattan and Brooklyn.
53 Grand is sited between Kent and Wythe avenues, just a block from the waterfront and the new Domino Park. The designers in charge are The Meshberg Group in collaboration with ND Architecture & Design who are serving as the architects of record. A recent visit to the site shows that the finishing touches are being applied to the exterior. The facade consists of oversized windows and elongated Roman brick. Inside will be a first-floor simplex, and two full-floor duplexes. The approved offering plan shows the project aims for a $9.5 million sellout.
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Despite the pending L-train shutdown, condo sales in Williamsburg haven't shown any sign of cooling off. In fact, the neighborhood set a new closed sales record in August where the average price per square foot paid for a condo came in at $1,343. Current listings show that the median asking price for a one-bedroom in the neighborhood is $895K, two-bedrooms go for $1.395M, and three-bedrooms for $2.5M.
Average condo closing prices in Williamsburg (CityRealty)
Google Earth aerial showing location of 53 Grand Street (CityRealty)
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