Real Estate Weekly
Image default
Construction & Design

Dime Bank conversion tops out in Williamsburg

Tavros Holdings, Charney Construction & Development and 1 Oak Contracting announced the topping off of The DIME, a 23-story, 350,000 s/f mixed-use tower now under development at 209 Havemeyer Street in South Williamsburg.

The project incorporates the landmarked Dime Savings Bank building, constructed in 1908, into a new commercial, retail and residential destination.

The new tower — which has frontages along South 5th , Street, Havemeyer Street, South 4th Street and Marcy Avenue — will offer 177 rental residential units, 100,000 s/f of commercial office space, 50,000 s/f of ground floor retail, and 300 below-grade parking spaces.

At the base of the structure, adjoining the historic bank building, is a four-story podium that accommodates the office and retail space.

On top of the podium is a 19-story residential tower that will feature a mix of studios, one-, two- and three-bedroom units crowned with two penthouses.

The project offers 23,000 s/f of outdoor space for office tenants and residents, and features extensive amenities, including a basketball court, yoga room, residents lounge, fitness center and roof deck garden.

Charney Construction, Tavros Holdings, and 1 Oak Contracting are partners in the development. Fogarty Finger is the architect of record and Grain Collective is the landscape architect, with JLL as the commercial broker and Douglas Elliman as residential broker.

“The Dime offers a full acre of outdoor space on multiple terraces and rooftop gardens for residents and office tenants,” said Sam Charney, Principal at Charney Construction.

“The project, which stands adjacent to abundant mass transit in the heart of

South Williamsburg, is an ideal location for companies seeking to attract and retain young talent.”

“The Dime creates a mixed-use community that matches evolving lifestyles and work habits,” said Nicholas Silvers, Partner at Tavros Holdings.

“The design supports a live-work-play ecosystem with integrated working and living areas, accommodating technology throughout the building and in the outdoor space to enable residents, employees and visitors to work anywhere.”

Related posts

CORE Real Estate and New Empire Corp Announce Groundbreaking and Commencement of Construction at 429 Second Avenue


Crow Holdings Breaks Ground for New Logistics Development on Site of Former Marcal Paper Factory


Bristol Group Nearing Completion of Modern New Warehouse Facility in Central Long Island