New Owner of 192 Water Street Begins Redevelopment

192 Water Street

After a stop work order issued in January 2009, the 192 Water Street redevelopment project has started again, this time with new owners and developers, along with a release of a new website, 192water.com (created by Dumbo’s own Brooklyn Digital Foundry). The building has changed ownership to “192 Water Street LLC”, and Alloy Development with Hamlin Ventures are the developers. The architect is Dumbo based Della Valle Bernheimer, who are known for their quality and contextual design. They also worked on the 85 Water Street renovation in 2003 (the Almondine Bakery location.) Hamlin Ventures is the developer of projects such as the high profile 14 Townhouses on State Street in Boerum Hill.

The developers provided to DumboNYC the following description of 192 Water Street:

192 Water Street in DUMBO, Brooklyn, is the redevelopment of an authentic four-story loft building with the addition of a fifth story penthouse. Built in 1887, this historic tea warehouse is being converted into nine expansive residential lofts averaging 2,500 s.f. Targeted to DUMBO’s thriving family market, the lofts offer open living spaces that span more than fifty feet and is one of the few undeveloped genuine loft buildings remaining in DUMBO.

192 Water Street will appeal to the discriminating buyer looking for generous layouts, modern amenities and architectural character. Building details recalling the neighborhood’s industrial roots include high ceilings, exposed timbers, brick walls and oversized windows.
Design-driven developers, Jared Della Valle and Abby Hamlin, teamed up to realize a shared vision for 192 Water Street that respected the building’s heritage, while understanding the needs of modern Brooklyn families.

There are four floors plus a fifth floor penthouse for a total of 11 units. There will be 9 three bedroom units with an average size of 2,450 s.f. and 2 penthouse units; 2,747 and 2,472 s.f. There will be 1 ground floor commercial space with 381 s.f. and two parking spaces for purchase. The prior owner had plans for a theatre space but no longer part of the new design. The estimated completion date is Spring 2012.


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192 Water Street

192 Water Street
Brooklyn, NY 11201
(NYC.gov BIS 192 Water St)

Previously:
{LPC on 192 Water, 24Apr2009}
{Stop Work Order Issued at 192 Water Street, 06Jan2009}
{192 Water Street Construction Moving Forward, 23Jul2008}
{Condo and Theatre Conversion at 192 Water Street, 02Jan2008}

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