Six pieces of property formerly owned by the Jehovah's Witnesses in Dumbo are officially on the road to redevelopment. Kushner Companies, RFR Realty, and LIVWRK Holdings filed permits for five of the six Watchtower sites that they bought last year: 55 Prospect Street, 81 Prospect Street, 117 Adams Street, 77 Sands Street and 175 Pearl Street. The permits are for mechanical and plumbing work, as well as the demolition of some interior partitions. The development team plans to turn at least 50 percent of the 1.2 million-square-feet of space, which also includes 90 Sands Street, into tech offices, while they hope to rezone the rest to become residential.
The other property that's moving forward with redevelopment is 177 Front Street, owned by Megalith Capital Management. Plans for a 12-story, 105-unit rental building, built in partnership with Urban Realty Partners, have been approved by the Department of Buildings. It will be designed by Aufgang Architects and host a restaurant and parking on the ground floor. The developer recently told the Real Deal that they plan to ask between $65 and $70 per square foot for one- and two-bedrooms, which equates to $3,000 to $6,000 per month. Twenty percent of the units will be set aside as affordable, and the project should be complete by 2016.
· All Along the Watchtower: Construction plans okayed for former Witnesses' buildings in DUMBO [BK Eagle via Brownstoner]
· Megalith plans 105-unit Dumbo rental – with parking [TRD]
· All Jehovahs' Witnesses coverage [Curbed]
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