L3 Capital files plans to merge five tax lots for 16K sf retail building in Williamsburg

L3 Capital, on August 23, filed a permit application for construction of a 16,750-square-foot retail building at 184 Bedford Avenue in Williamsburg, Brooklyn. Domenic Lanni, co-founder and managing principal at L3 Capital, filed the plans.

The developer recently filed plans for a 7,496-square-foot retail building at 204 Bedford Avenue.

L3 Capital acquired the parcel from RedSky Capital along with 13 others valued at $145 million earlier this year.

BlackRock, RedSky’s mezzanine lender, acquired the properties in a deed-in-lieu of foreclosure action first, before forming a joint venture with L3 Capital, according to a report from The Real Deal.

The two plans are the only retail buildings filed for in the neighborhood so far this year. However, Philip Miller filed plans for a small mixed-use office building with retail on the ground floor back in March.

The plans call for the construction of a 30-foot-tall, two-story building and were filed with the New York City Department of Buildings under job number B00563137.

Below is a zoning diagram for the project.

The project is described in the filing as: Proposed merge of five existing tax lots (Block 2327, Lots 23, 24, 25, 26, 27) and erection of new two-story commercial building with cellar; related work as per plans.

According to the plans, both floors and the cellar will be used for retail space. The cellar will also have storage space for the retail.

The architect listed is Building Studio Architects.

The architect declined to comment or provide renderings for the project, and PincusCo did not receive a response from the developer.

The project is estimated to cost just under $3 million to complete.

Direct link to Acris documents. LINK

Direct link to DOB NOW Public Portal. LINK