159 Boerum Street
19-Story Residential Tower Tops Out in East Williamsburg
General contractor, , has topped out the superstructure of a 19-story, residential tower project, at 159 Boerum Street in Brooklyn's East Williamsburg neighborhood.
Jointly developed by Slate Property Group, and Avenue Realty Capital, with a $55 million construction loan, secured through White Oak Real Estate Capital, the building is set to contain rental apartments. Although most of these dwellings will be offered at market rate, 19 units will be dedicated to affordable housing.
Designed by , 159 Boerum Street will stand feet tall and total square feet. The structure will be significantly taller than all other buildings in the immediate area, so it remains to be seen if this project will spawn a new trend for high-rise construction in East Williamsburg.