Walentases’ stalled Williamsburg hotel awaits stimulus funding verdict

TRD New York /
Nov.November 09, 2010 08:30 AM

David Walentas

Dumbo development kingpins David and Jed Walentas are on track to restart their stalled, 73-room hotel project in Williamsburg if the city approves the designation of $15 million in federal stimulus funding towards the “shovel-ready” project today, according to the Brooklyn Paper. The boutique hotel, on Wythe Avenue and North 11th Street, would be borne of a renovation of a five-story former textile factory. In 2008, the city rejected the Walentases’ $3.6 million plan for the building, which would have doubled its height. But today, their Two Trees Management is among three developers awaiting a decision from the city about who will receive funding, and how much. It wouldn’t be the only new luxury hotel in the transforming Northside area of Williamsburg, once filled with factories and row houses, as another is slated to open next year. Two Trees says the project will create 75 construction jobs and 195 permanent jobs, though the city pegs the estimate as significantly lower. [Brooklyn Paper]

 

Related Articles

arrow_forward_ios
Congresswoman Nydia Velázquez, Congressman Jerry Nadler and Council Member Carlos Menchaca (Credit: Getty Images, Google Maps)

Pols pounce as city caves in on Sunset Park property

Pols pounce as city caves in on Sunset Park property
Liberty View Plaza at 850 3rd Avenue and Marvin Schein (inset) (Photo by Axel Dupeux)

City lets Salmar bring office tenants to Brooklyn industrial property

City lets Salmar bring office tenants to Brooklyn industrial property
Alexandria Ocasio-Cortez and Sunnyside Yard (Credit: Getty Images, iStock, and SunnySideYard)

Progressives opposing Queens development target AOC

Progressives opposing Queens development target AOC
Lights, camera, development: City issues RFP for film studio in Sunset Park

Lights, camera, development: City issues RFP for film studio in Sunset Park

Lights, camera, development: City issues RFP for film studio in Sunset Park
Marisa Lago and East Harlem (Photo Credit: NYC.gov and iStock)

EDC has spent half of its $700M rezoning fund money on just four neighborhoods

EDC has spent half of its $700M rezoning fund money on just four neighborhoods
Adding some zeroes: Is Pacific Park ready for a 1M sf office tower?

Adding some zeroes: Is Pacific Park ready for a 1M sf office tower?

Adding some zeroes: Is Pacific Park ready for a 1M sf office tower?
Day in the life of: James Patchett

Day in the life of: James Patchett

Day in the life of: James Patchett
City moves forward with Sunnyside Yard development plans

City moves forward with Sunnyside Yard development plans

City moves forward with Sunnyside Yard development plans
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...