Near the Williamsburg waterfront and steps away from Bushwick Inlet Park (home to the famed Smorgasburg), Largo Investments and minority partner JDS Development have hatched plans to build a boutique condominium building at 71-73 North 7th Street. The four-story, 15,000-square-foot development will expand upon the structural bones of an existing single-story building, ultimately creating four capacious apartments.
Though the project is relatively pint-sized, especially when compared to the team’s other developments (JDS is also erecting the city’s tallest residential building at 111 West 57th Street), the modernist exterior crafted by AA Studio, with Jeffrey Cole Architects serving as architects of record, may well end up being the most thoughtfully designed new building in the area. The three exterior renderings posted on AA Studio’s website reveal a dignified curtain wall of dark steel channels and clear, floor-to-ceiling windows. The base, which will contain a retail storefront, is clad in elongated, dark-gray bricks, punctuated by two multi-pane windows.
The filed building application, which has yet to be approved, shows a lobby and retail base on the ground floor, two residences on the second floor, and two duplex units with double-height living spaces on the third and fourth levels. According to CityRealty, the 117 condominiums currently available in Williamsburg have a median asking price of $1.23 million or $1,237 per square foot. Close to 73 North 7th Street, in the waterfront development known as The Edge, there are four condominiums available, ranging from a one-bedroom for $995,000 to a three-bedroom townhouse for $3.2 million.
According to city records, the 7,500-square-foot lot was purchased for $10.5 million; G4 Capital Partners provided the pair with a $5.5 million temporary bridge loan to acquire the site. Completion is aimed for 2017.
To view future listings at 73 North 7th Street, visit CityRealty.
- First Look at Six-Family Townhouses Set for North Williamsburg
- Williamsberry’s Modern Mini-Me at 79 South Fifth Street Gets Glassed
- REVEALED: Karl Fischer Pens Another Bottom-Line Design for East Williamsburg
Renderings courtesy of AA Studio
Neighborhoods : Williamsburg