A real estate investor just paid a pretty hefty sum for an old Gowanus warehouse but, unlike some of the other recent buyers in the area, he’s not planning to tear the building down and put up a hotel. Elo Realty closed on the purchase of the old Daily News garage on 3rd Avenue between Douglass and Degraw earlier this week for $10.5 million, and the firm intends to rent it out for retail use, according to the firm’s principal, Jack Elo. It’s big enough for a drugstore like CVS or Duane Reade, says Elo, or even a supermarket. Seems to us like either of those uses would be very welcome to the folks who live in amenities-starved Gowanus and to the people who are going to move into all the new 4th Avenue developments.
Going Fishing for $15 Mil in Gowanus [Brownstoner] GMAP P*Shark
A Sleep Inn Hotel is going up at 2590 Stillwell Avenue in Coney Island, Amusing the Zillion reported. The Sleep Inn will have 12,989 square feet of space on a 13,000-square-foot lot. The building will be four stories with 53 units, according to a new building application for which permits were issued in October. Based […]
We took a tour around Forest City Ratner’s fascinating modular apartment factory at the Navy Yard yesterday, where reps from FCRC said they’ll begin shipping out the fully constructed units next week. They’ll stack the units to create the first Atlantic Yards residential tower, the 32-story building under construction next to the Barclays Center that […]
The architectural and scenic wonders of France, Belgium and Germany have long been varied and great. In the summer of 1846, Calvert Vaux and his co-worker and friend, George Truefitt, left their London mentor, the great British architect Lewis Nockalls Coddingham, and embarked upon a Continental tour. They spent the summer touring the great cities, […]
A crumbling wood-clad 19th century row house on Smith Street with all its trim intact is probably going to be altered beyond recognition soon, according to neighborhood blog Pardon Me For Asking. Permits have been pulled for a two-story addition, and blogger Katia Kelly speculates the cornice will probably be removed and the facade altered. […]
A New York Times “The Hunt” story trailed a couple as they looked for a house to buy in Bed Stuy. They were renting a studio in Brooklyn Heights and decided to make the jump into home ownership when their rent increased to $1,850. Two years ago they started hunting in Bed Stuy, with a budget […]