TerraCRG sells dev. site at 221 Wythe Ave.

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.

Located near the Domino Park waterfront and Bedford Ave. and N 6^th St.’s top retail — including Trader Joe’s, Whole Foods, and the Apple Store — 221 Wythe Ave. offers access to dining, nightlife, and cultural scenes. The site is near the L train at Bedford Ave.

The deal was exclusively brokered by Andrew Manasia, senior associate, and Daniel Lebor, executive vice president of sales and partner at TerraCRG.

Stillman said, “What an amazing experience it was to serve this beauteous community in this sculpture of a restaurant with so much outdoor space in the early days of the BK food revolution, when it seemed as though nearly all customers were talking about art. I’m way grateful to have been a member of this community and its endless energy for 28 years (so far). I thank all humans who made this possible, particularly my extraordinary artful staff over the years and our super cool customers and the Burg as a whole. And the Wrubel family, who took their time handing off their shuttered diner in the 1990s until they knew I was the one, then prayed every day for my restaurant to be successful. I also thank Terra CRG and their wise, brilliant, resourceful brokers Dan and Andrew for their patience with me, and for introducing me to these buyers of above and beyond spiritual beauty, talent, and desire to help save this shiny diner.”

This transaction presented a rare opportunity to redevelop a highly visible and historic site in one of Brooklyn’s most desirable neighborhoods. All parties collaborated thoughtfully to ensure the relocation and preservation of the vintage diner car, which is scheduled for removal post-closing. Plans for its new home and future use will be announced in about a month.