The Greenpoint Savings Bank annex at 1080 Lorimer Street is going from 1950s ick to 2020 chic. PKSB Architects are transforming the former three-story mid-century office building into 29 one- to three-bedroom luxury residences priced from “$1 million to over $2.5 million.
Erected next to the domed Neoclassical-styled bank in 1953, the weather-worn, white-brick annex is now undergoing a major facelift with expanded new windows trimmed in black metal and splayed at the ground level. A dark stone base with metal grills will provide appeal at street-level. Renderings also show a magnificent row of lantern street lamps beside the building on Calyer Street will remain.
Erected next to the domed Neoclassical-styled bank in 1953, the weather-worn, white-brick annex is now undergoing a major facelift with expanded new windows trimmed in black metal and splayed at the ground level. A dark stone base with metal grills will provide appeal at street-level. Renderings also show a magnificent row of lantern street lamps beside the building on Calyer Street will remain.
In this article:
Construction progress at 1080 Lorimer as of January 2020
PKSB's page on the project explains, "The design includes a complete façade replacement which utilizes simple materials recalling the historic building’s decorative features while maintaining the simplicity of the 1950’s addition. The result is a design that transforms the structure from an undistinguished office building to a distinguished, modern, and respectful addition to the Greenpoint Savings Bank."
The project, whose design needed to muster the approvals of Landmarks since it is at the northern end of the Greenpoint historical district, will be entered along Lorimer Street. Lower floors will have duplex townhouse-style units and the second and third floors will have nine apartments each. A fourth-story penthouse will be added to the top, with floor-to-ceiling windows and a private landscaped terrace.
The project, whose design needed to muster the approvals of Landmarks since it is at the northern end of the Greenpoint historical district, will be entered along Lorimer Street. Lower floors will have duplex townhouse-style units and the second and third floors will have nine apartments each. A fourth-story penthouse will be added to the top, with floor-to-ceiling windows and a private landscaped terrace.
An approved offering plan and the launch of a registration site means sales are imminent. The project's anticipated sellout stands at $55,339,000. With land prices soaring in nearby Williamsburg and Long Island City, some developers have turned their attention to Greenpoint, especially since waterfront developments such as The Greenpoint and the rentals in the Greenpoint Landing master plan show there is strong demand to live in the neighborhood. The median listing price for a condo in Greenpoint stands at $899,000 ($1,152 / ft2 and there are just 32 condos currently for sale in the neighborhood.
Prices of Greenpoint condos compared to Brooklyn
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