The Dime

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The Dime

277 South 5th Street

Rental in Williamsburg

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Leasing launches at Williamsburg’s historic Dime Savings Bank, rentals from $3,000/month

Rendering of the roofdeck by Lifang

May 19, 2020

Leasing launches at Williamsburg’s historic Dime Savings Bank, rentals from $3,000/month

By Devin Gannon

Leasing has officially kicked off at The Dime, a rental building in South Williamsburg that combines the landmarked Dime Savings Bank of Williamsburgh with a new 23-story residential tower. Designed by Fogarty Finger Architecture, the project incorporates the century-old Neoclassical-style bank building as the tower's podium and includes 177 luxury apartments and office space above it. Apartments range from roughly $3,000/month for a studio to more than $6,000 for a three-bedroom. The two penthouse apartments available are starting at $13,000/month.
See inside

Williamsburg’s Dime Savings Bank opens affordable housing lottery, from $2,116/month

Renderings courtesy of Fogarty Finger Architects

January 27, 2020

Williamsburg’s Dime Savings Bank opens affordable housing lottery, from $2,116/month

By Alexandra Alexa

A housing lottery has just launched for 54 newly constructed units inside the 23-story tower rising next to the historic Dime Savings Bank in Williamsburg. At a height of 264 feet, the mixed-use development is among the tallest in the neighborhood and includes ground-floor retail, 100,000 square feet of office space, and 178 rental apartments. The 109-year-old bank will be preserved and integrated into the project. Qualifying New Yorkers earning 130 percent of the area median income can apply for the units, which range from $2,116/month studios to $3,150/month three-bedrooms.
Find out if you qualify

Affordable Housing

At 9 DeKalb, SHoP Architects reveal a rooftop pool wrapping around Dime Savings Bank’s dome

Rendering via SHoP Architects

April 22, 2019

At 9 DeKalb, SHoP Architects reveal a rooftop pool wrapping around Dime Savings Bank’s dome

By Alexandra Alexa

A fresh rendering of 9 Dekalb Avenue first published in the New York Times last week revealed a new aspect of the project: the Dime Savings Bank's roof will be transformed into an outdoor lounge for residents, including a pool that will partly wrap around the ornate Guastavino dome. Inside, the Beaux-Arts interior will become a flagship store, with further details to be announced. The rising 1,066-foot-tower is being developed by JDS Development, with SHoP Architects leading the design, and is set to become the tallest tower in Brooklyn upon completion.
More info

January 7, 2019

From Brooklyn’s biggest bank to its tallest building: Behind the scenes at the Dime Savings Bank

By Lucie Levine

Since it opened in 1859, the Dime Savings Bank of Brooklyn has been integral to the history of the borough it calls home. True to its name, you could open a savings account with just a dime. The first person to make a deposit was a man named John Halsey who invested $50. Scores of Brooklynites followed suit, and by the end of the bank’s first business day, 90 people opened accounts; by the end of the first month, more than 1,000 people were depositing at Dime. But the bank cemented its prominent status in 1908 when the first subway tunnel between Manhattan and Brooklyn opened and Dime moved into its grand neo-classical building on Dekalb Avenue and Fleet Street. After the bank closed in 2002, the landmark still stood in all its former glory, operating as a special event space. Three years ago, JDS Development filed plans to build Brooklyn's tallest tower adjacent to Dime, incorporating its Beaux-Arts interior as retail space for the project. And with work now underway, 6sqft recently got a behind-the-scenes tour of Dime Savings Bank with Open House New York.
Explore the history and future of Dime Savings Bank

Three historic East Harlem buildings designated as New York City landmarks

Photos via LPC

March 27, 2018

Three historic East Harlem buildings designated as New York City landmarks

By Devin Gannon

The city's Landmarks Preservation Commission (LPC) on Tuesday officially designated three East Harlem buildings as individual landmarks, marking them as some of the neighborhood's most culturally significant structures. The landmarks include a former 19th-century meatpacking house and two former public schools. The LPC chair, Meenakshi Srinivasan, said the buildings were designated for their architectural and cultural significance. "They embody East Harlem's unique development history and recognize the civic institutions and businesses that helped shape the lives of the neighborhood's immigrant groups," Srinivasan said in a statement.
More here

Policy

March 7, 2018

Williamsburg’s Dime Savings Bank restoration and new residential tower get LPC approval

By Michelle Cohen

The path to its latest incarnation just got easier for the historic Dime Savings Bank of Williamsburgh's full restoration as part of Charney Construction and Tavros Capital's development of a new 22-story residential tower next door at 209 Havemeyer Street. As New York Yimby reports, on Tuesday the Landmark Preservation Commission gave the go-ahead to the proposed design for the new development in the Williamsburg neighborhood and agreed to designation hearings for the historic building as a new landmark.
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New Developments

New renderings and more funding for South Williamsburg’s Dime Savings Bank site

The Dime, rendering courtesy Fogarty Finger Architecture and Interiors.

December 1, 2017

New renderings and more funding for South Williamsburg’s Dime Savings Bank site

By Michelle Cohen

6sqft reported in May that a 23-story mixed-use tower was headed for one of Williamsburg‘s most closely-watched developments, the site anchored by the Neoclassical-style Dime Savings Bank of Williamsburgh building at 209 Havemeyer Street at the foot of the Williamsburg Bridge. Now, New York Yimby reveals new renderings courtesy of the project's architects, Fogarty Finger Architecture and Interiors. In addition, the site's developers, Charney Construction & Development and Tavros Capital Partners, have received a $150 million loan to restore the historic bank and build the new tower. According to The Real Deal, the loan coincides with the closing of the purchase of the bank building itself–the site's final parcel–for $12 million.
More renderings this way

REVEALED: 23-story tower at South Williamsburg’s Dime Savings Bank site

Rendering of The Dime at 209 Havemeyer Street; rendering via Fogarty Finger Architects

May 31, 2017

REVEALED: 23-story tower at South Williamsburg’s Dime Savings Bank site

By Michelle Cohen

We know a little bit more of what to expect at one of Williamsburg's most important developments: The south 'burg site at 209 Havemeyer Street between South Fifth and Sixth Streets at the foot of the Williamsburg Bridge, anchored by the Neoclassical-style Dime Savings Bank of Williamsburgh building, will be getting a 23-story mixed-use tower with retail, office and residential space, CityRealty.com reports. The 109-year-old historic bank building will be preserved and restored, and will be integrated into the project at its podium according to details published by the developers. The 340,000 square-foot project will be known as the “the Dime.”
Find out more

March 14, 2016

New Close-Up Renderings of Brooklyn’s Future Tallest Tower

By Dana Schulz

About a month ago we were treated to a lone rendering of Brooklyn’s future tallest tower at 340 Flatbush Avenue Extension (now re-dubbed 9 DeKalb Avenue) that showed its full 1,066-foot height, towering against the rest of Downtown Brooklyn. Now, Curbed has spotted a full set of views, these showing more facade details and close ups of the building's triangular base next to the historic Dime Savings Bank.
All the renderings ahead

February 18, 2016

New Rendering, Details of Brooklyn’s Future Tallest Tower

By Dana Schulz

A little over a month ago, 6sqft learned that Brooklyn’s first 1,000+ foot tower, designed by SHoP Architects, would rise a whopping 1,066 feet, amounting to 556,164 square feet of total space. It all started back in 2014 when developers Michael Stern and Joe Chetrit purchased 340 Flatbush Avenue Extension (a five-story mid-century building that takes up about one third of the triangular site in Downtown Brooklyn) for $46 million with plans to demolish it. Then, in December, they closed on the adjacent Dime Savings Bank building for $90 million, providing 300,000 square feet of air rights needed to construct the 73-story tower. Along with a new rendering, a piece today in the Times reveals some additional details, namely that the supertall will have nearly 500 rental units, at least 20 percent of which will be affordable under the city's 421-a program. But there's one issue that could make things a little complicated...
More on that, here

January 12, 2016

Brooklyn’s Future Tallest Tower to Hit 1,066 Feet

By Dana Schulz

Less than a month ago, developers Michael Stern and Joe Chetrit closed on Downtown Brooklyn's Dime Savings Bank building for $90 million, which provided them with the 300,000 square feet of air rights needed to construct Brooklyn's first 1,000+ foot tower at 340 Flatbush Avenue Extension. Since news of the future tallest building outside Manhattan first came to light in August, the exact height hadn't been reported. But now NY Yimby has uncovered the number, and it's a whopping 1,066 feet, amounting to 556,164 square feet of total space.
READ MORE

New Developments

December 24, 2015

Brooklyn’s First 1,000+ Foot Tower Moves Forward, Developers Close on Last Site Needed

By Diane Pham

It's official, developers Michael Stern and Joe Chetrit have closed on the Dime Savings Bank building at 9 DeKalb Avenue in Downtown Brooklyn for $90 million, providing them with the air rights needed to build the borough's tallest tower. According to Crain's, who first broke the news, Stern and Chetrit will be able to transfer the bank building's 300,000 square feet of unused development rights to the new structure's site at 340 Flatbush Avenue Extension. As 6sqft previously reported, the new tower will soar more than 1,000 feet and is being designed by SHoP Architects. It will also be the city's tallest building outside of Manhattan when complete.
on the deal here

New Developments

November 9, 2015

Rendering Revealed for Brooklyn’s First 1,000-Foot Tower

By Dana Schulz

News broke back in August that Brooklyn's first tower over 1,000 feet might rise in Downtown Brooklyn as the result of the $90 million acquisition of Brooklyn’s landmarked Dime Savings Bank building by JDS Development. Previously, they bought the site next door for $43 million, and combined with the bank's 300,000 square feet of development rights, they acquired the means to build a tower of nearly 600,000 square feet at 340 Flatbush Avenue Extension. 6sqft got a taste of what's to come when we revealed a video that showed the insane views from the top of the could-be tower, but now Yimby has unveiled the official renderings and specs for the project, which come courtesy of starchitects SHoP. As previously speculated, it will reach 1,000 feet, making it the tallest building in the outer boroughs. The 90-story, vaguely Art Deco tower will have 466,000 square feet of residential space, amounting to 550 condo units, as well as 140,000 square feet of commercial space.
More on the development ahead

September 25, 2015

Check Out These Insane Views From Brooklyn’s First 1,000+ Foot Tower

By Ondel Hylton

Seeing the boroughs from sky-high heights is nothing new thanks to all the supertall towers in Manhattan, but it's not as common to have a panoramic view of our main island, which is why we had to share this video. JDS Development posted the short clip on their Instagram stream yesterday that shows potential views from their upcoming mixed-use skyscraper planned for Downtown Brooklyn using air rights from the Dime Savings Bank site. If constructed as intended, it will be the first 1,000+ foot tower outside of Manhattan. The nine-second video, whose camera height seems nearly eye-level to the 1,368-foot roof of One World Trade Center, depicts far-reaching, panoramic views to the west and northwest over Manhattan and beyond.
Check it out here

First 1,000+ Foot Tower Outside Manhattan May Rise in Downtown Brooklyn

Rendering based on potential height, via CityRealty

August 5, 2015

First 1,000+ Foot Tower Outside Manhattan May Rise in Downtown Brooklyn

By Michelle Cohen

As the result of the $90 million acquisition of Brooklyn's landmarked Dime Savings Bank building by developers Michael Stern (111 West 57th) and Joe Chetrit, a new residential skyscraper in Brooklyn could nearly reach the height of the Empire State Building. The historic Neo-Roman building at 9 DeKalb Avenue in Downtown Brooklyn–next door to the famed Junior's Restaurant–comes with 300,000 square feet of development rights, which, combined with existing air rights next door at 340 Flatbush Avenue Extension (which the pair bought last summer for $43 million), could be used to build an adjacent tower of nearly 600,000 square feet. The likelihood of a tower that reaches between 1,000 and 1,200 feet has been mentioned by sources close to the deal.
find out more about the planned Brooklyn skyscraper

New Developments

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