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Old Posted Jul 26, 2014, 12:19 AM
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chris08876 chris08876 is offline
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Location: New Jersey - Somerset County
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Smile NEW YORK | 262 Kent Ave | 320 FT | 30 FLOORS

Permits Filed: 262 Kent Avenue, Domino Sugar Factory Site A

Permits for 262 Kent Avenue, the northernmost site at Two Trees’ Domino Sugar Factory redevelopment, have been filed.

The building will sit on Site A, between Kent Avenue and River Street, just north of Grand Street. As with the filings earlier this month for Site D at 320 Kent, this application is just in preparation for infrastructure and groundwork, with actual construction coming later, after plans have been finalized and financing for the building is secured. The shorter building at Site E – the only one on the eastern side of Kent, bounded by South 3rd and 4th Streets – will be the first to go vertical, and half of its units will be reserved for below-market renters.

According to the permit, 262 Kent Avenue will contain nearly equal parts commercial (mostly office) and residential space, with about 281,869 square feet of total leasable floor area. The tower would rise 320 feet and 30 stories, with 93 apartments, for an average unit size of about 1,500 square feet – which is very large for rentals in Williamsburg. While the location and heat of the Williamsburg market would generally push builders in the direction of condos, Two Trees has said that it prefers holding onto its assets, and will therefore build rental apartments.
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