Heatherwood plans another luxury rental project in Williamsburg

Firm targeting hopes to deliver 100 units at 134 Hope Street

TRD New York /
Dec.December 07, 2018 01:00 PM

134 Hope Street (Credit: Google Images)

A seven story luxury rental apartment building is planned for Williamsburg, offering more inventory to the area that will be ready after the L train reopens (hopefully) in 2020.

Heatherwood Luxury Rentals is behind the 104,000-square-foot project at 134 Hope Street, which would contain 100 residential units, according to city Department of Buildings filings. Heatherwood co-owner Douglas Patrick did not respond before deadline.

Heatherwood has increasingly added large rental developments to its portfolio. Its 57-story rental tower at 42-12 28th Street in Long Island City was among the top 10 largest developments in the city last year. In August, the firm purchased a $16.8 million warehouse in the Bronx in August.

The firm also operates a 94-unit rental building in the Brooklyn neighborhood at 568 Union Avenue.

Other developers are also flowing into the Williamsburg market, where rents are falling due to the upcoming shutdown of the L train. Last month, Joe McMillan’s DDG Development filed permits for a seven-story building with 38 luxury residential units at 102-110 North 1st Street. And in July, Largo filed plans for a six-story property at 215 North 10th Street, for residential and office space.


Related Articles

arrow_forward_ios
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

Vishaan Chakrabarti on a Manhattan real estate market without private cars

Vishaan Chakrabarti on a Manhattan real estate market without private cars
Vishaan Chakrabarti of Practice for Architecture and Urbanism and Hiten Samtani of The Real Deal (Getty)

The REInterview: What if Manhattan had four Central Parks’ worth of land to play with?

The REInterview: What if Manhattan had four Central Parks’ worth of land to play with?
Social Construct CEO Ben Huh, The Real Deal's Hiten Samtani and Social Construct cofounder Michael Yarne

The REInterview: Social Construct’s founders on making multifamily construction an assembly line

The REInterview: Social Construct’s founders on making multifamily construction an assembly line
2870 Ocean Avenue in Sheepshead Bay (Google Maps)

Chetrit firm to acquire Sheepshead Bay development site

Chetrit firm to acquire Sheepshead Bay development site
Alexandria Real Estate Equities founder Joel Marcus and Alexandria Center for Life Sciences (Getty, Google Maps)

Life-sciences sector proves safe haven for landlords

Life-sciences sector proves safe haven for landlords
123 West 23rd Street and Adam Neumann (Google Maps; Getty Images)

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site

Adam Neumann, Jeff Dagowitz get $75M refi for Chelsea dev site
22-15 31st Street (Google Maps)

Supermarket signals demise as Target eyes Astoria

Supermarket signals demise as Target eyes Astoria
270 Park Avenue (Google Maps; iStock)

City planning through a pandemic

City planning through a pandemic
arrow_forward_ios

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

Loading...