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Williamsburg’s Salvation Army-replacing building announces Chase Bank as tenant

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After years of speculation, 180 Bedford Avenue has finally scored a tenant

Via Thor Equities

Williamsburg’s Salvation Army-replacing retail building finally has a tenant. Chase Bank has signed on to lease 8,000 square feet at 180 Bedford Avenue, and will take over the ground floor and the lower level of the building in the third quarter of 2018.

The developer behind the retail structure, Thor Equities, made the announcement on Wednesday. For years this site has been the source of intense speculation about a potential future tenant. Considering its prime location at the intersection of Bedford Avenue and North 7th Street, many believed that Apple would open its Williamsburg location at this spot. Apple ultimately opened a store further south on Bedford Avenue.

The Salvation Army site sat vacant for a few years before Thor picked it up for $36 million in 2015. The original structure was demolished to make way for the new two-story retail building, which also has a rooftop terrace.

The building has a total of 14,500 square feet of space, so there’s still an additional 4,000-square-foot second-floor retail space up for grabs. The rooftop terrace spans 2,500 square feet. Construction recently wrapped up which means Chase can get to work on prepping its space.