321 Wythe Avenue

Architecture, New Developments, Rentals, Williamsburg

321 Wythe, Watermark Capital, Williamsburg Rentals

“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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