New York–based architecture firm Fogarty Finger along with developers Charney Construction & Development, 1 Oak Contracting, and Tavros Capital Partners, unveiled its latest project: a new 22-story mixed-use tower integrated with the historic Dimes Saving Bank of Williamsburg in South Williamsburg, Brooklyn.
The site, nicknamed “The Dime,” involves a 342,451-square-foot building at 263 South 5th Street, with over 100,000 square feet dedicated solely to office space, 50,000 square feet of retail, and 177 rental apartments. The project is aimed towards the increasing number of office tenants in the area and features an open-plan space with large floor plates.
The building’s streamlined aesthetic with ribbon windows and rounded corners is a nod to art moderne architecture, particularly Frank Lloyd Wright’s Johnson Wax building and New York’s Starrett–Light building, according to the architects. The facade will be clad in white terra cotta tiles in reference to the neo-classical bank, which will also be undergoing a renovation.
“It was tying back to the bank building, but the idea that the bank building and what we were using for the new building are materials that were used at the same time,” Chris Fogarty, a partner at Fogarty Finger, said to Commercial Observer.
The restoration of the 16,700-square-foot bank will involve revitalizing existing columns and maximizing natural lighting by replacing the current skylight. The plan is to let the old Dime bank become a flexible commercial area, with spaces for a showroom, an office lobby for tenants, or stand-alone retail.
The project’s strategic location, which is close to the Marcy Avenue J/M/Z stop, offers commuters a solution to the upcoming L train shutdown, according to the architects. “The Dime building will create the perfect gateway to Brooklyn, welcoming inhabitants at the crossroads of the bridge, the BQE, and the elevated train tracks, creating an iconographic project that merges the past and future of the city,” the firm said in a press release.
Construction is expected to begin in June 2017 and finish by 2019.