Brooklyn, NY TerraCRG sold 221 Wythe Ave. — a corner development site located at the intersection of North Third St. in Williamsburg — for $12.5 million.
The site features 177 ft. of wraparound frontage and is zoned M1-2/R6A (MX-8), allowing for 24,641 buildable s/f. The future development is expected to include 5,000 s/f of ground-floor retail and five stories of residential rental units above, totaling about 28 apartments. The property is improved by a 2,800 s/f retro diner, which has remained vacant since previous occupants utilized the space following the closure of the Relish restaurant around 2010, operated for 11 years by Sandy Stillman, president and owner of Blue Sky Diner, Inc.