555 Broadway
Update
01/27/22
Williamsburg Development Site Scooped Up for $54M
A vacant development site, located at 555 Broadway in Williamsburg, Brooklyn has just been sold for $54 million. The site was purchased by Bridge City Capital from previous owner, The Collective, in a deal brokered by JLL.
At well over 30,000 square feet, the lot offers a buildable square footage of 330,000. This property is also desirable for developers because of its proximity to the Lorimer Street subway station, sitting less than a block away. The Collective bought the site for $13.5 million back in October of 2018 and the company will earn a hefty profit for its three short years ownership.
Search BLDUP
Search
BLDUP
for news, projects, and companies to find the information that pushes your business forward.
