The Real Deal New York

Chetrit Group ramping up Williamsburg hotel hybrid

November 15, 2013 06:02PM

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Rendering of 500 Metropolitan Avenue

Rendering of 500 Metropolitan Avenue

A 14-story combination hotel and apartment building is coming to Williamsburg’s Metropolitan Avenue, thanks to Meyer Chetrit of the Chetrit Group.

The development at 500 Metropolitan Avenue, near the Lorimer subway stop, will have 56,584 square feet of commercial space, 89,186 square feet of residential space, and a 182-spot parking garage. The residential portion will include 234 units, according to Department of Buildings filings, with a division between hotel rooms and apartments at the eighth floor. A recreation area and 50 of the units will be located on that floor and above, while 188 units, including duplexes, will be on the lower floors.

Amenities include a pool and a 311-person restaurant and bar, both on the fourth floor, Curbed reported. A terrace, basketball and tennis courts are planned for the second floor, while retail will be on the ground.

Rumors abounded that the Chetrit brothers split their prominent investment firm the Chetrit Group in two back in 2011, though Meyer told The Real Deal at the time that the rumor was false and stemmed from a misinterpreted opening of another office at 512 Seventh Avenue. [Curbed]Julie Strickland

  • Anon

    Check your numbers … even assuming the resi SF reported is net of loss and that the unit count is correct, average unit sizes are about 380 feet … and 50 of those are duplexes??

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