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Renewed Hope for Williamsburg's Hope Street Rental Conversion

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Williamsburg's 53 Hope Street was once a place of, er, hope, as just one of many projects going up in the microhood back in 2007. The old factory building was headed for residential conversion after selling for $14.2 million in 2004. The buyer flipped it for $26 million in 2008, but an attempted subsequent flip for $33 million never got off the ground. This year, the property finally found a new owner for $17 million, and that buyer presented some plans to Community Board 1 at last this week. (The developers need approval to provide fewer parking spots than the zoning requires.) Brownstoner has the rundown. When (if?) it gets built, 53 Hope will have 117 rental units, mostly 1BRs and studios. The amenities roll: rooftop space, gym, storage room, rec room, break room. The old design called for a theater room, which we would have liked to see. Then again, we've learned that when it comes to 53 Hope, nothing's set in stone.
· 65 Hope Street Back in Action ['Stoner]
· 53 Hope Street coverage [Curbed]