Architect: Scarano Architects PLLC
Mechanical: Klein Levin and Associates
Structural: Severud Associates
In 2009, GFI Development Company acquired the lender’s note and deed on a stalled condo project in the heart of north Williamsburg, Brooklyn. The original developer experienced local resistance due to the aggressive height planning and controversial design. GFI Development Company saw an opportunity to creatively correct a challenging situation and acquired the project in 2009. After careful consideration, GFI lowered the height of the building and made improvements to the design, including the addition of a green roof garden and meadow for the residents.
The building has 41 condo units ranging from 752 square foot one-bedrooms to a 2,144 square foot penthouse unit. The project sold out in six months between late 2011 and early 2012 at a significant premium to the market resulting from the unique attributes of the building – design, amenities, views and location.
A key component of the development project is the 20,000 square feet of retail space at the ground level. GFI Development Company recruited best-in-class restaurants, clothing boutiques and office tenants to deliver retail that would be embraced by the Williamsburg community.
The success of the project has been featured in the New York Times, Wall Street Journal, New York Daily News, New York Post, and numerous other publications.