On the Market
The Sydell Group has closed on a parcel of land on sizzling Wythe Avenue in Williamsburg where a Freehand Hostel is rumored to be in the works. A Freehand Brooklyn might compete with the new-ish Wythe Hotel for guests.
Last December, Sydell paid the Rosenwach Group $10 million for three parcels on Wythe Avenue between North 9th and 10th Streets.
Two floors encompassing 92,000 square feet of retail space at the luxury residential conversion 185 Wythe Avenue in Williamsburg are on the market.
The leasing agency, TerraCRG, claims in the listing that this is the largest contiguous available retail block in the north Brooklyn neighborhood. Asking rents are at $50 per square foot for minimal divisible lot sizes of 5,000 square feet.
After spawning enough trend pieces last summer to merit its own styles section, Wythe Avenue in northside Willliamsburg continues to churn out high-profile nightlife openings.
The next promising arrival is Output, a 452-person-capacity nightclub at 74 Wythe Avenue opening in the next few weeks that looks to give the neighborhood’s discerning electronic dance music contingent a place other than legally dubious warehouses and lofts to check out its favorite deejays.
A source familiar with the project told The Commercial Observer that Output will be one of two venues operating under separate leases at the 11,424-square-foot building (up from 7,324 square feet after the construction of a second floor). The main club (and restaurant) will be joined by a back room and roughly 2,500 square feet of outdoor rooftop space, together accommodating up to 348 people.