Case Studies
One Hanson Place
Brooklyn, NY
In 2005, the Canyon-Johnson Urban Funds partnered with The Dermot Company to purchase the Williamsburg Savings Bank Building, Brooklyn's tallest building, and a feature of the borough's skyline and the Fort Greene neighborhood since 1927.
Plans called for the partnership to renovate and convert the landmark 37-story tower into condominiums and ground-floor retail space. The site is adjacent to Atlantic Terminal, New York City's third-largest mass transportation hub, and near such amenities as MetroTech Center, the Brooklyn Museum of Art, the Brooklyn Academy of Music and the proposed arena for the NBA's New Jersey Nets.
The grand opening of One Hanson Place, held in June 2006, showcased the transformation of the landmark building into Brooklyn's most distinctive condominium building with 189 luxury residences. The site is now a vibrant mixed-use development, where people can live, work and shop.
The project continues the ongoing revitalization of Downtown Brooklyn into a 24-hour urban community and helps meet the tremendous demand for market-rate housing and community-serving retail in the area.
Click here to view more information on One Hanson Place.
