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]
Postcard: Beware the Sea Monster of Gerritsen Beach [Sheepshead Bites] Bed Stuy Development Site at 265-267 Malcolm X Boulevard Is Asking $3.5 Million [BuzzBuzzHome] Shuttered Greenpoint Catholic Schools Are Resurrected as Apartment Houses [Brooklyn Eagle] Coignet Building Will Emerge as White Butterfly After Renovation [Brooklyn Eagle] Brooklyn Navy Yard to Host Whiskey Tasting, Photography, Performance Art [DNAinfo] Work on Utica Avenue Line […]
Next weekend, the third annual Brooklyn Zine Fest returns to the Brooklyn Historical Society with panels and a wide variety of publishers, artists and writers selling their wares. Panels will discuss topics like queer and trans zine writers, zine collecting and publishing zines anonymously. And over 150 zine enthusiasts will be selling self-published magazines on everything […]
Brooklyn, one building at a time. Name: Row house Address: 245 Front Street Cross Streets: Bridge and Gold Streets Neighborhood: Vinegar Hill Year Built: 1852-55 Architectural Style: Greek Revival Architect: Unknown. Landmarked: Yes, part of Vinegar Hill HD (1997) The story: Like stumbling upon Brigadoon, Vinegar Hill is hidden from most people’s view, tucked away […]
A convention center is planning to open at 79 Franklin Street in Greenpoint later this year, possibly in October, according to DNAinfo. Currently under construction, the Brooklyn Expo Center will have 28,000 square feet of space for exhibitions and meetings. There will also be a cafeteria and parking. A reader who lives nearby said it looks […]
Although obviously in need of work to turn it into living space, this has got to be one of the coolest properties for sale we’ve ever seen. There’s tons of curb appeal (or will be, pending a fresh paint job), beamed ceilings, arched windows and doors, diagonal floors and three skylights in this seemingly untouched […]