pepper2.jpgOne of the last prime spots for development in Downtown Brooklyn has been snatched up. Magna Hospitality Group, owner of Brooklyn’s Comfort Inn and Holiday Inn Express, this month spent $10.8 million on property at the corner of Tillary Street and Flatbush Extension best known to long-time Brooklynites as the former Pepper & Potter car dealership. Michael Armstrong, a rep for broker Ingram & Hebron, who represented the Potter family in the sale, said the hotel would have roughly 120 rooms over 47,000 square feet. The new hotel, which the Brooklyn Eagle reported will be a Hampton Inn, may (or may not) have some competition: Down the block, Oro Part Deux submitted an application (which was disapproved) last month for a 38-story tower with 376 hotel rooms and 74 apartments. And according to the Downtown Brooklyn Partnership, more than 2,000 rooms are in some stage of development nearby, though many of those rooms are in a different class, renting at boutique prices, than the less-expensive Hampton Inn chain. While business travelers are more willing to pay high room rates, tourists (an increasing population in Brooklyn) tend to look for discounts, and could be even more encouraged to visit if rooms were less expensive. How do you think Magna will fare?
What’s Up with Oro Part Deux? [Brownstoner]
NY Sun: Downtown Brooklyn is Booming [Brownstoner]


What's Your Take? Leave a Comment

  1. a hotel makes a lot more sense here than on 4th ave in gowanus – i’ll leave it at that.

    12:16 – if you miss the what you can self-what by monitoring bloomberg, cnbc and reuters daily for negative news and then reading it.

  2. Aren’t they supposed to stop building these huge buildings already? What about the credit crunch. Give us stoners a break for a couple of years. At least time to fill all the empty ones that have already gone up?

  3. Hey Mr.B,
    Great to see you expanding (go B Flea!) and hiring more talent, BUT maybe a little QC on Miss Ryley’s work: only one day out of the eagle and she’s already lifting lock stock and full quotes from her former colleagues.
    Suggest that this story should have been a daily link, OR that Miss Ryley add to the story with some orginal reporting, OR that instead of rewriting the original article without quotes and in a different order,she just put quotes around the whole piece and call it a morning…

    (Or, put The What on the payroll, as at least The What links well and has unique perspective)

    Anyway, carry on and hope this is constructive for the B, Miss Ryley and inadvertently The What.)

  4. At least 95% of the posts on this site are from people who’re logged in as “guest”. This means that someone reading the comments on this site will be reading almost everything in faded type. Now, I understand why the faded type is used for “guests”. However, in my opinion it’s not worth it.

    The faded type is clearly legible, but over the long haul it is more fatigue-inducing than regular, darker type. So, Mr. B, do you really want to condemn your readership to slogging through so much faded type?

    Just a thought. Again, I do understand why the faded type was introduced. I just don’t think it’s worth it. You’re shooting yourself in the foot (and inducing eyestrain in your readers) as things currently stand.

  5. 11:26 hits on the real problem.

    People who don’t know any better crossing flatbush and tillary during rush hour.

    This area is already a traffic nightmare.

    I’m in constant wonder why someone who can afford Oro would want to cross flatbush every morning on their way to the subway.