Loketch, Joyland, Meral file plans for 274-unit mixed-use building in Williamsburg

Loketch Group, the Joyland Group and Meral Property Group, on January 25, filed a permit application for construction of a 274-unit, 203,489-square-foot mixed-use building at 275 Lorimer Street in Williamsburg, Brooklyn. The site has an alternate address of 555 Broadway. Jack Wolcowitz of Hamilton Eastman, an asset management firm, was the one to formally file the permit application. The Joyland Group is the real estate arm of Hamilton Eastman.

The joint venture reportedly just purchased the development site for $54 million from bankrupt co-living company The Collective, which is based in London. According to the report, the sale was made by the Collective to avoid foreclosure on the site.

The Collective had originally planned to construct a 500-unit development at the site.

The plans are one of 43 new building plans filed in the neighborhood in the previous 12 months. The plans combined to call for the construction of 1,605 dwelling units in Williamsburg.

The plans call for the construction of a 85-foot-tall, eight-story building and were filed with the New York City Department of Buildings under job number B00665500. The development site spans two tax lots.

The project is described in the filing as: construct new eight-story mixed-use building as per plans filed.

Per the plans, the ground floor of the building will have a co-working room and co-working terrace, a fitness center and fitness center terrace, a reading room and reading room terrace, an additional residential terrace, parking space, several retail spaces, and 11 dwelling units. Floors two through seven will each have 38 dwelling units per floor, and the eighth floor will have 35 dwelling units. The eighth floor and roof will have terraces. The cellar will have additional parking.

The architect listed is Oda-Architecture, P.C.

Direct link to Acris documents. LINK

Direct link to DOB NOW Public Portal. LINK