NEW YORK | 525-545 Broadway | 298 FT | 27 FLOORS


#1

Blesso opts for ground-up 27-story project on W’burg bank site

Blesso Properties filed plans for a new, 280,200-square-foot mixed-use building on the site of a former Lincoln Savings Bank branch in South Williamsburg, according to plans filed with the city’s Department of Buildings on Tuesday.

The developer appears to have scrapped its earlier plans for a conversion of the existing building.

The new 27-story building will rise at 555 Broadway near the J/M/Z South Williamsburg station. The proposed building, which extends along Broadway to Boerum Street, will house 226 residential units across 151,695 square feet of residential space, 126,410 square feet of commercial space and a 2,109-square-foot community facility.

The Garrison Architects-designed building will have offices on the second through seventh floors, five to twelve apartments on the upper floors, a rooftop terrace and parking.

Blesso TRData LogoTINY had previously filed alteration plans for an office-to-residential conversion of the 10-story building in October 2015. Those plans were not approved, and Blesso filed to amend them. The conversion would have made use of 98,000 of the lot’s 190,000 buildable square feet.

Blesso purchased the development site at 525-545 Broadway for $33 million in August 2015. Demolition plans for the existing four-story building have not been filed.


#2

In spite of the above map, this is in Brooklyn, not in Manhattan.


#3

#4

I like it. It aligns with the Domino Develops aesthetic, even if it’s not quite in the same neighborhood. It also has the height to stand out, which will add to the subtly growing East River waterfront skyline


#5

finally some news.

After debuting a 550-unit co-living tower in West London in 2016, the United Kingdom’s first co-living community at that time, developers are heading to Brooklyn to construct a similar tower.

London-based development firm, the Collective has announced plans for a mixed-use co-living building that will rise on the border of the contested Broadway Triangle at 555 Broadway. The Collective acquired the site from Blesso Properties and plans to offer more than 500 apartments, of which 30 percent will reportedly be affordable.

The Brooklyn building will serve as the Collective’s “flagship location” in the U.S.