Williamsburg development 261 North 9th Street has quietly reached its apogee.
In 2012, the vacant lot traded for $3.1 million, after Stark and his business partner Israel Perlmutter encountered foreclosure pressure, Brownstoner reported. The buyer was FPG 261 North 9th Property LLC.
The most recent approved permit for 291 North 9th, issued May 13, calls for a five-story building with 42 units. However, the on-site construction rendering, first spotted by YIMBY, shows a six-story building that seems… larger than 42 units?
The developer address listed on the construction signage corresponds to that of Fortis Property Group, which has a (not up to date?) description of a big North 9th Street project on its site:
“Fortis acquired three development parcels, located in heart of Williamsburg, just steps from the retail offerings and subway stop on Bedford Avenue, in 2012. Two of the parcels will be a single project of 103,000 SF (approx. 150 units). The third parcel will consist of approx. 30,000 SF (45 units). Amenities, ceiling heights and unit finishes will be best in market. Construction commenced in June 2012 and be completed in November 2013.”
In June 2013, Fortis filed a support of excavation application for a new building at 235 North 9th (seven stories, 43 units), on the same block. That permit was issued May 14, in conjunction with a new building permit for 239 North 9th (six stories, 78 units). Perhaps Fortis is building several adjacent projects?
As shown below, the in-progress development currently rises six stories and stretches the length of North 9th from Roebling to Havemeyer streets. It’s on the same block as LCOR’s 250 North 10th rental, which has 234 units. Going from the project description on the Fortis website, a total of about 195 units spread over three parcels and two buildings sounds more accurate for the scale that we’re seeing here:
Good old Google Maps shows us what the lot looked like, circa September 2013 (hey there, 250N10!):