CityRealty Insider > New Developments in the News

New Developments in the News

DECEMBER 6, 2010

Landmark Williamsburgh Savings Bank sold to Bushwick hostel owner; Whole Foods arrives in Brooklyn

The historic Williamsburgh Savings Bank at One Hanson Place in East Williamsburg has been sold by HSBC for the unlisted sale price of $4.5 Million. The 135-year-old, 28,500-square-foot building near the Williamsburg Bridge was acquired by a hospitality company in which Bushwick hostelier Juan Figueroa is a principal. The new owner has not yet disclosed plans for the former bank and current home to the Brooklyn Flea weekend market, but there is speculation that its future may be in the hotel business.

Whole Foods Market has announced plans for a new store at 3rd Avenue and 3rd Street in Gowanus, Brooklyn. The company’s first Brooklyn store will feature a 40-foot esplanade along the Gowanus Canal, a 20,000-square-foot rooftoop greenhouse and a parking lot with recharging stations for electric vehicles. The food emporium has also announced a commitment to local hiring for the approximately 350 new positions that the new store will create.

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