REVEALED: First Look at Thor Equities’ Retail Jewel Box in Williamsburg
Last August, Joseph Sitt’s Thor Equities purchased a string of Williamsburg properties for nearly $22 million with the intent of replacing the gritty row with a 10,000-square-foot retail jewel box. Now, Thor’s website gives us our first look at what the prime property at the southeast corner of Berry and North 6th Streets may hold.
The two renderings presented of 124-136 North 6th Street reveal a sleek, two-story building clad in brick and glass that could potentially house a half-dozen boutique retailers. According to the Observer, who first reported the deal last October, Thor is seeking a retail showroom and/or restaurant tenants. Above the spaces, the building may be topped with a gardened roof deck enclosed in trellises.
Renderings courtesy of Thor Equities
Land prices in prime stretches of Williamsburg have skyrocketed recently. The $885 per buildable square foot Thor paid for the parcel is among the highest in the borough and more in line with Manhattan land prices. The high price may be attributed to its proximity to the Bedford Avenue L train station and to the 140 feet of street frontage, which will provide Thor greater flexibility in finding ideal tenants.
Older rendering published by the Observer showing a new retail structure rising only on the vacant lot at 130 North 6th Street
The current site
No recent demolition or construction permits have been filed with the Department of Buildings. The development will replace three restaurants, Chai Home Kitchen at 124 North 6th Street, Ramen Yebisu at 126 North 6th Street, and Tacu Tacu/LuLu Lounge at 136 North 6th Street.
Google Earth image courtesy of CityRealty
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