REVEALED: 23-story tower at South Williamsburg’s Dime Savings Bank site

May 31, 2017

Rendering of The Dime at 209 Havemeyer Street; rendering via Fogarty Finger Architects

We know a little bit more of what to expect at one of Williamsburg‘s most important developments: The south ‘burg site at 209 Havemeyer Street between South Fifth and Sixth Streets at the foot of the Williamsburg Bridge, anchored by the Neoclassical-style Dime Savings Bank of Williamsburgh building, will be getting a 23-story mixed-use tower with retail, office and residential space, reports. The 109-year-old historic bank building will be preserved and restored, and will be integrated into the project at its podium according to details published by the developers. The 340,000 square-foot project will be known as the “the Dime.”

Rendering of The Dime at 209 Havemeyer Street; rendering via Fogarty Finger Architects

Developers Tavros Capital, Charney Construction & Development and 1 Oak Development purchased the 50,000 square-foot development site for $80 million from Dime Community Bancshares in 2016, though the bank building was reportedly not included in the sale. Permits were filed by architecture firm Fogarty Finger last summer. When complete, 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; rendering via SB Development Group

Office floor; SB Development Group

New renderings depict a sleek, pale tower with rounded corners; at its listed height of 264 feet, it will be one of the tallest buildings in Williamsburg, giving residents unparalleled views in every direction. Amenities for residents will include a full-time doorman, one acre of landscaped outdoor recreation space, a fitness center and several lounges.

Residential lobby via SB Development Group

Projected views to the west towards Manhattan and the bridge via Charney Construction and Development

The impending L-train shutdown won’t be a problem for residents, as the Marcy Avenue J, M, and Z subway trains are a block away. The area is experiencing a growth wave–though it’s hard to imagine such a thing anywhere in north Brooklyn–with a whole new crop restaurants and other businesses opening in storefronts practically on top of the on-ramp to the bridge and the BQE. The Dime is estimated to be completed in Spring 2019.



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