Watermark Capital Group

Developer’s plan for 30-story tower behind row of 19th-century homes in Downtown Brooklyn is stalled for now

The Duffield Street Houses at 182-188 Duffield Street. Photo by Epicgenius on Wikimedia

October 22, 2025

Developer’s plan for 30-story tower behind row of 19th-century homes in Downtown Brooklyn is stalled for now

A developer's plan to build a 30-story tower behind a row of landmarked homes in Downtown Brooklyn has been sent back to the drawing board. On Tuesday, the Landmarks Preservation Commission held a public hearing on Watermark Capital’s proposal for a glass and beige brick tower on a small lot behind the historic homes at 182-188 Duffield Street, four individual landmarks dating to the 1830s and 1840s. Commissioners and preservationists were skeptical of the proposal, which involves removing the rear facades of the four properties while combining the interiors to create a community space and a lobby for the 99-unit building behind them. The commission took no action on Tuesday and directed the developers to revise the design so it does not "overwhelm" the block's historic character.
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May 16, 2018

Apply for 39 middle-income units by the Williamsburg waterfront, from $1,999/month

By Devin Gannon

Renderings of 321 Wythe via ND Architecture & Design A newly constructed mixed-use building located near the Williamsburg Bridge has launched a lottery for 39 middle-income apartments. Built on the site of a former parking lot and single-story church, the 19-story tower at 321 Wythe Avenue includes 130 rental units, two floors of amenities, and an adjacent healthcare facility. Notably, because developer Watermark Capital Group is leasing the property from Saints Peter and Paul Church, certain activities "not in line with Catholicism" will be prohibited, DNAinfo reported in 2015. This includes a ban on things related to abortion, birth control, euthanasia, pornography, and stem-cell research. Despite these strange stipulations, the ND Architecture-designed tower does sit in a prime location, just steps from a host of bars, coffee shops, restaurants and the Williamsburg waterfront. Qualifying New Yorkers earning 130 percent of the area median income can apply for the available 17, $1,999/month one-bedrooms and the 22 $2,399/month two-bedrooms.
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Affordable Housing

July 16, 2016

First Look at Williamsburg’s Tallest Building Not Planned Along the Waterfront

By Ondel Hylton

"Avid church and factory convertor" Yoel Werzberger and Watermark Capital Group are building a 19-story, 230-foot residential building in the heart of Williamsburg at 321 Wythe Avenue, reports CityRealty.com, and it'll be the tallest tower in the neighborhood not along its waterfront. The site was formerly a parking lot and single-story church owned by the Parish of Saints Peter and Paul Roman Catholic Church, who also owns an acre of property on the block between Wythe and Berry Streets. The struggling church entered a long-term lease deal with Watermark last year that will allow them to erect a residential tower while making payments to the Parish that begin at $2.1 annually.
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Watermark Capital Group

Developer’s plan for 30-story tower behind row of 19th-century homes in Downtown Brooklyn is stalled for now

Apply for 39 middle-income units by the Williamsburg waterfront, from $1,999/month

First Look at Williamsburg’s Tallest Building Not Planned Along the Waterfront

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