The Naftali Group, a Manhattan-based developer, is partnering with the investment firm Access Industries on Williamsburg Wharf, a Brooklyn waterfront development consisting of five 22-story residential towers encompassing 850 condominium units.
The new development is located on a 3.75-acre site that was once a lumberyard. Construction has started on the first phase of the project, which will span 1 million square feet upon its completion in 2025.
Serhant Real Estate has been contracted to market the condos. The development will also feature commercial and retail units, along with a waterfront park and a cultural space.
“Williamsburg Wharf represents an extraordinary vision for the last developable site along Williamsburg’s East River shoreline,” said Natfali Group CEO Miki Naftali in a statement. “We are excited to introduce a new neighborhood and truly urban resort-style destination to future residents in this highly desirable neighborhood.”
