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Williamsburg's Dime Savings Bank building could become a NYC landmark

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The LPC will soon hold a hearing

The Landmarks Preservation Commission today decided to calendar the Dime Savings Bank building in Williamsburg, located at 263 South 5th Street. Calendaring is the first step the LPC takes when it considers landmarking a building, with the next step being holding a public hearing, where community members and preservationists can weigh in on the building’s merits.

This could potentially complicate plans to incorporate the circa-1908 structure into a forthcoming 22-story tower that will rise adjacent to it. A group of developers (Charney Construction and Development, Tavros Capital Partners, and 1 Oak Contracting) purchased the bank and the site at 209 Havemeyer Street in 2016 for $80 million, and subsequently announced plans for the new building.

The developers brought on Fogarty Finger to design the project, and the first renderings for the development came out this past summer. As plans stand right now, the residential portion will feature 177 rental apartments, and there will be an office and retail component. They intend to restore the bank building, and have it serve as either retail, an office lobby, or a showroom.

Work on the new tower got underway earlier this year, so it’s not yet clear how the LPC’s decision will affect the project. We’ve reached out to both the architect to offer more details.

A spokesperson for the LPC issued the following statement to Curbed:

“The Commission’s vote today to calendar the Dime Savings Bank of Williamsburgh for a public hearing does not impact valid DOB permits on the adjacent site.”

A rendering for the residential addition.
Renderings courtesy Fogarty Finger