One of Williamsburg’s most prominent sites is slated to get a 23-story mixed-use tower that will bring a mix of retail, office and residential space to a bustling area at the foot of the Williamsburg Bridge. The sizable lot is located at 209 Havemeyer Street, between South 5th and 6th streets, and is anchored by the Neoclassical-styled Dime Savings Bank building which will be preserved and rehabilitated, per renderings and details published by the developers.
Rendering of The Dime at 209 Havemeyer Street; rendering via Fogarty Finger Architects
In March 2016, the Commercial Observer reported that Dime Community Bancshares had sold the 50,000 square-foot development site for $80 million to the developers Tavros Capital, Charney Construction & Development, and 1 Oak Development. According to the developers’ websites, the 340,000-gross-square-foot venture will be known as the “the Dime” and incorporate the 109-year-old historic bank building in its podium. In total, there will be 40,000 net square feet of ground floor retail, 100,000 rentable square feet of Class A office space, 178 rental apartments, and 340 parking spaces.
Rendering via SB Development Group
Retail space via SB Development Group
Office floor; SB Development Group
Last summer, permits were filed by architecture firm Fogarty Finger, designers of the Jackson condominiums in LIC. Renderings show a sleek tower of curved corners rising atop a broad podium. At a listed height of 264 feet tall, the tower will be one of the tallest buildings in Williamsburg and will offer residents sweeping views in all directions. A great deal of the project’s bulk will be pushed to the east, near Marcy Avenue which will allow the to-be-restored bank building to shine in full glory.
Projected views to the west towards Manhattan and the bridge via harney Construction and Development
Residential lobby via SB Development Group
Residential amenities will include a full-time doorman, one acre of landscaped outdoor recreation space, a fitness center and multiple lounges. Residents of the building will not have to worry about the impending L-train shut down since the project is located just one block from the Marcy Avenue J, M, and Z subway trains.
While it’s far too early to determine rental pricing, the recently-finished rental named the Williams, across South 5th Street, began leasing in November with studios starting at $2,590/month and one-bedrooms from $3,375/month. The Dime is estimated to be completed in Spring 2019.
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