In this month’s Real Deal, our own Gabby Warshawer checks in on what was supposed to be the “new Park Avenue,” a rezoned 4th Avenue whose up-to-12-story buildings and subsequent creative entrepreneurialism would transform the hood. Well…not so fast. “Because of the credit crunch, a number of buildings that were initially planned as condos will now come to market as rentals. The frenzied pace of construction of new residential projects should also slow, due to a dearth of easily developable lots,” they write. “In fact, development sites on the strip that are actually selling are fetching far less now than they were just a few years ago.” Those creative entrepreneurs can’t very well open retail in buildings that don’t have retail space, as is the case with many of the new mammoth structures. (Northern 4th Avenue, though, where fewer buildings have been razed and replaced, has a couple of retail hits with Sheep Station and the Ethiopian restaurant Ghenet). Those buildings that finished before the financial meltdown fared pretty well, though. The Argyle (a former advertiser) is 70 percent sold, and the Crest and Novo reported healthy sales, too.
Fourth Avenue on Slippery Slope [The Real Deal]
Politicians Consider Barclays Center for 2016 Democratic National Convention [CBS] Greenpoint’s Newtown Creek Boathouse Is Still in the Works [Curbed] City Council to Approve Domino, After a Final Negotiation [Capital New York] New Round of Rehab Begins on Ocean Parkway Mall [Sheepshead Bites] Million-Dollar Floor-Through Apartments: 777 Carroll Street [BK to the Fullest] The Long Transformation of the Brownstone at 132 2nd […]
Street safety advocates will have a chance to make their voices heard at two upcoming Vision Zero workshops in Brooklyn Heights and Flatbush. Anyone can attend and suggest street safety improvements, bike lanes, or slow zones in neighborhoods throughout Brooklyn. NYPD and DOT staff will split attendees into small discussion groups and use maps to […]
Brooklyn, one building at a time. Name: Semi-detached row houses Address: 1238-1254 Lincoln Place Cross Streets: Troy and Schenectady Avenues Neighborhood: Crown Heights North Year Built: late teens, early 1920s Architectural Style: Vaguely Mediterranean Architect: Unknown Landmarked: No The story: By the first two decades of the 20th century, housing was at a crossroads in […]
A San Francisco-based co-working space called Makeshift Society is opening a location in Williamsburg on the first two floors of a converted warehouse at 55 Hope Street. Makeshift’s Brooklyn spot occupies 4,000 square feet across both floors and offers 17-foot ceilings, open seating and dedicated studio desks. It will also have a creative tool lending library […]
Here the developers have gutted a small one-family and turned it into three small open-plan apartments, each with two bedrooms. (The listing says there’s an owner’s duplex, but going by the floor plan, it seems to be referring to the cellar.) Some charm still remains in the form of beautiful fireplaces and the exterior, which has […]