B+B Capital in the news

Details Revealed For Several New South Williamsburg Projects

[CURBED] by Jessica Dailey

The Dutch-inspired, Chinese-owned, long-in-the-works luxury development at 429 Kent Avenue, aka the Oosten, is far from the only new project rising in South Williamsburg. The neighborhood, generally considered to be south of Grand Street, is seeing something of a development boom. Several new residential buildings have opened in the last few years, and many more are on the way. There's the Domino megaproject, of course, but stories in the Post and Brownstoner reveal details about a few lesser-known developments as well. First up: 433 Kent Avenue, a huge eight-building project bound by Wythe Avenue and South 9th and South 11 streets. 'Stoner spotted the above schematic drawing on the site's construction fence. The seven-story development is rising directly next to 429 Kent, and it will bring an additional 188 units to the market. Construction is well underway, but the a Stop Work Order currently exists on the property.

Here's what the Post reveals:

B+B Capital's planned six-stpry building at 200 South Third Street will have 25 to 30 condos, and it should be complete by fall 2015.... [READ MORE]

South Williamsburg grows up

[NEW YORK POST] By Max Gross

“I would say the neighborhood has changed more in the last eight to nine months than in the last eight years.”

So declares South Williamsburg resident Sarah Natkins, who moved to her apartment on Wythe and South Eighth Street back in 2006.

Indeed, if you had snooped around south of Grand Street (the dividing line between North and South Williamsburg) just a year ago, the neighborhood might have seemed a trifle barren — at least on certain blocks.

But the keen observer would have noticed something important: lots of holes in the ground. Today, many of those holes are filled in. And just as quickly as they’re filled in, new holes are being added.

A couple of blocks from Natkins’ apartment, a 16,000-square-foot gourmet supermarket, Urban Market, opened its doors in December — a big deal for a neighborhood whose grocery needs were seriously unmet. It’s connected to a rental building, 15 Dunham Place, where remaining one-bedrooms trade at north of $3,000 per month. And for any budding families, just a block or so down Kent Avenue is a Montessori nursery and preschool, which opened in January.... [READ MORE]

Empty South Williamsburg Lot Is Getting A Six-Story Condo

[CURBED] by Jessica Dailey

UPDATE: While a representative for the developer told Curbed that this project would be designed by Morris Adjmi, the architecture firm has told us that is not true. Adjmi & co. are in no way involved with this new condo building. Curbed regrets the error.

An empty south Williamsburg site that used to hold a parking lot will soon see a six-story condo building. Developer Ilan Bracha of B+B Capital is behind the project, rendered above, and he recently closed on the property for $6.5 million. The six-story project will go by the address of 200 South Third Street, though the Department of Buildings listed the lots as 194-196 South Third Street. It will have 45,000-square-feet of condos, with indoor parking and 15,000-square-feet on the first floor for community space, which may be occupied by an art school.

No new permits have been filed with the DOB, though previous plans for a six-story building were approved back in 2006. The project is located between Driggs Avenue and Roebling Street, and it is Bracha's first development in the Brooklyn. After it was revealed that Morris Adjmi is not, in fact, the designer for the development, the architect remains a mystery. The design seems rather uninspired, with a monotonous facade of huge windows, and those street level garage doors are certainly less than welcoming.