Leasing launches at Williamsburg’s historic Dime Savings Bank, rentals from $3,000/month

Posted On Tue, May 19, 2020 By

Posted On Tue, May 19, 2020 By In Design, New Developments, Williamsburg

Rendering of the roofdeck by Lifang

Leasing has officially kicked off at The Dime, a rental building in South Williamsburg that combines the landmarked Dime Savings Bank of Williamsburgh with a new 23-story residential tower. Designed by Fogarty Finger Architecture, the project incorporates the century-old Neoclassical-style bank building as the tower’s podium and includes 177 luxury apartments and office space above it. Apartments range from roughly $3,000/month for a studio to more than $6,000 for a three-bedroom. The two penthouse apartments available are starting at $13,000/month.

Dime Savings Bank, The Dime, Williamsburg, Housing lotteries, affordable housing, charney construction and development, fogarty finger architects, tavros development partners

Built between 1906 and 1908 and designed by Brooklyn-based firm Helmle & Huberty, the Dime Savings Bank of Williamsburgh was designated an individual landmark by the city in 2018. According to the Landmarks Preservation Commission’s designation report, the bank’s grand classical design evoked “a sense of security, prosperity, and civic pride for a largely immigrant and low-income community” during the early 20th century.

Developers Tavros Holdings and Charney Companies purchased the site in 2016 for $80 million. In addition to the residential component, the Dime includes ground-floor retail space and a healthcare facility and office space on floors two through five. At nearly 270 feet tall, the mixed-use building is one of the tallest in the neighborhood.

Apartments, which range from studios to three-bedrooms, boast super tall ceilings, oversized windows, high-end finishes and appliances, and unique views of the Manhattan skyline and the Williamsburg Bridge. Some residences, including the penthouses, feature private terraces.

“We’re proud of The Dime, from its architectural design to its efficient and modern living spaces, to the carefully thought out amenities that will foster a balanced lifestyle,” Sam Charney, the founder of Charney Companies, said.

Residents will have access to a comprehensive amenity package on the building’s fifth floor. Perks include an indoor-outdoor fitness center, a half basketball court, lounges with WiFi, bike storage, and an outdoor terrace with enough space to practice yoga and host barbecues.

And on the Dime’s 22nd floor, there is a speakeasy-inspired lounge and bar, dubbed the Havemeyer, that features indoor and outdoor space, seating, and sculptures.

“We think now more than ever residents will especially appreciate the abundance of private outdoor space, totaling over an acre with plenty of room to socially distance,” Charney said.  “It affords great opportunities to garden, grill, exercise, and enjoy the fresh air, all set against the beautiful backdrop of the Williamsburg Bridge.”

While the current health crisis delayed the initial leasing launch at the Dime, a no-contact virtual leasing program run by Douglas Elliman Development Marketing is now moving forward.

“The initial interest and inquiry volume are unprecedented for a new development rental, and we’ve successfully been able to take our leasing efforts entirely virtual to safely accommodate renters currently navigating the marketplace,” Matthew Villetto, the executive vice president at Douglas Elliman Development Marketing, said in a statement.

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Model apartment photos by Alexander Severin Architectural Photography, Inc. Renderings of amenities and exterior by Lifang. 

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