Last year, the Magna Hospitality Group dropped $10.8 million for the former Pepper & Potter car dealership at the corner of Flatbush and Tillary in Downtown Brooklyn with the plan of erecting a Hampton Inn overlooking the busy intersection. Since then, however, they’ve been unable to land construction financing. The Times reports that the 117-room hotel project has just gotten a new lease on life in the form of a $20 million tax-free loan courtesy of the federal stimulus program. Four other city projects received another $67 million as well. There is no significant construction lending taking place right now, said David Lombino, a spokesman for the city’s Economic Development Corporation. But for this program, these projects wouldn’t go forward. To qualify, the developments must break ground by the end of 2010.
Five Development Projects to Receive Stimulus Money [NY Times]
From Cars to Mini-Fridges on Tillary [Brownstoner] GMAP
Pierhouse Starts to Take Shape Beside Brooklyn Bridge Park [Curbed] The Apocalyptic Landscape Near the Kosciuszko Bridge Is Now Complete [Greenpointers] Four Arrested in Williamsburg Beating of Gay Black Man [Gothamist] Senior Housing in Bed Stuy Will Undergo $6 Million Upgrade [DNAinfo] Crown Heights Drivers Ticketed up to 88 Percent More This Year, Police Say [DNAinfo] Paintings by Neighbor […]
The Brooklyn Greenway is expanding to Columbia Street between Degraw and Kane, and a desolate stretch of waterfront is about to get much greener. There’s already a protected bike lane on Columbia Street, but the Brooklyn Greenway Initiative is going to begin landscaping the first part of the Columbia Waterfront Park. They’re looking for enthusiastic […]
Astoria Cove Begins its Six-Month Review Process for a Zoning Change Queenswalk: Eric Kebbon and the Far Rockaway Post Office Listing of the Day: 50-21 Parsons Boulevard It’s In Queens! Events from April 24th to April 30th Osmond Brothers, Comedian Mario Cantone Set For Queensborough Performing Arts Center Mexico Blvd. Food Truck Plans to go […]
Brooklyn, one building at a time. Name: Row houses Address: 409-417 Grand Avenue Cross Streets: Gates and Putnam Avenues Neighborhood: Clinton Hill Year Built: 1909 Architectural Style: Colonial Revival Architect: John J. Petit of Kirby, Petit & Greene Other work by architect: Houses in Prospect Park South and other Victorian Flatbush neighborhoods, commissioned homes in […]
The permanent signage for Nordstrom Rack and T.J.Maxx went up on the front on the Offerman Building at 505 Fulton Street last week. Nordstrom Rack is prepping for its opening next week on Thursday, May 1. T.J.Maxx is still “coming soon” — and it probably will be soon. We saw an ad on a bus […]