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Dumbo Building Boom Continues as Work Starts on Rentals

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The warehouse at 181 Front Street near the Dumbo waterfront has been knocked down to make way for a 105-unit rental building from developers Megalith Capital Management and Urban Realty Partners. NY YIMBY reports that excavation work has begun for the 12-story building, which will include a mix of one-, two-, and three-bedroom apartments (20 percent affordable) as well as a doorman, fitness center, bike storage, and children's playroom. Nearby, a former factory at 200 Water Street is being converted into condos by the same developers. Both properties were formerly owned by the Jehovah's Witnesses, neatly encapsulating Dumbo's recent shift. Both projects are being designed by Aufgang Architects.