Megalith Capital Management is just one of the developers involved in three DUMBO properties formerly owned by the Jehovah’s Witnesses and include two new residential buildings and a massive new mixed-use development.
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181 Front Street – A warehouse previously owned by the Jehovah’s Witnesses has been transformed into a twelve-story rental building with 84 units. Located at 181 Front Street between Jay and Bridge Streets the apartments will range in price from $3,277 a month for a one-bedroom, $4,985 a month for a two-bedroom/two-bath, and $6,508 a month for a three-bedroom/two-bath, according to Curbed. Along with the market-rate apartments, the building offers 21 affordable units—nine one-bedrooms priced at $895 a month, 11 two-bedrooms at $1,082 a month, and one three-bedroom at $1,247.
Developed by Urban RP and Megalith Capital Management and designed by Aufgang Architects, the units feature high-end finishes and washers/dryers while the building provides a 24-hour attended lobby, a fitness centre, a rooftop terrace, a children’s playroom, a stroller room, bicycle storage, and on-site parking. Several of the apartments boast private terraces or balconies.
Residents will begin moving in later this month.