Williamsburg’s Dime Savings Bank building, which is slated to sprout a 22-story residential tower at its rear, was declared a New York City landmark on Tuesday. In a rare instance, the landmarking had the support of the developer who is building the residential tower, and incorporating the landmark into the overall project.
“This fine building is a testament to the elegance and grandeur of the City Beautiful Movement,” said LPC Chair Meenakshi Srinivasan, in a statement. The LPC put the building on its calendar, for consideration, last fall, and the structure received unanimous support for its designation.
Designed by prominent Brooklyn architectural firm Helmle & Huberty, the structure was built between 1906-08, in a period that saw a tremendous amount of development in Williamsburg following the construction of the Williamsburg Bridge in 1903. The LPC declared the building a significant example of the early 20th century saving bank community buildings.
As for the new residential addition, that will bring 177 new apartments to the neighborhood. The bank building will be restored and may be used as the lobby for the residential structure or a retail or office space.
“This is a fitting tribute to the building’s architecture and its long history as a pillar of the historic financial center that was South Williamsburg,” said Sam Charney, one of the three developers of the project, in a statement.