Big news this morning in the Wall Street Journal: Edge builder Douglaston Development intends to construct a 500-unit rental on the Williamsburg waterfront parcel where Three Northside Piers was supposed to rise. According to the story, Douglaston plans to break ground in March for the 40-story building. Toll Brothers is walking away from plans to develop a third Northside Piers building on the site because, according to senior VP David Von Spreckelsen, the “Williamsburg market is strong, but for most of us developers, it’s not a place where we were making a lot of money.” Douglaston’s plans for a third Edge condo—on the land where Smorgasburg and the Brooklyn Flea are held—are currently on ice, but the firm’s principal Jeff Levine says there’s a great deal of demand for rentals in the neighborhood and he expects to rent apartments in the building for $55 to $60 a foot, or around $3,000 for a one-bedroom. The Journal notes that the $300 million development could be “Brooklyn’s most ambitious new residential project since the recession.” Douglaston still needs to work out nitty-gritty financing details before the tower is a go. The tower, rendered above at right, will be 10 floors taller than the Two Northside Piers, which goes to 30 stories.
Williamsburg Slated For New Rental Tower [WSJ]
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Coney Island’s Luna Park held a ground breaking ceremony today, above, for a big new roller coaster called the Thunderbolt. The coaster, which is scheduled to open May 22, will be the first at the beachside amusement park since 1910 to include a loop, The Wall Street Journal reported. The ride will go as fast as […]
Brooklyn, one building at a time. Name: Row houses Address: 123-127 Lefferts Place Cross Streets: Classon and Grand Avenues (corner Classon) Neighborhood: Clinton Hill Year Built: 1882 Architectural Style: Neo-Grec Architect: Amzi Hill Other work by architect: Hundreds of houses and flats buildings in Clinton Hill, Bedford Stuyvesant, Stuyvesant Heights, Crown Heights North, Park Slope, […]
This long-shuttered commercial space on the corner of Saratoga and MacDonough was being renovated when we passed by recently. Through the window at 83 Saratoga we saw a big room with a sanded wood floor and doors to two bathrooms. In 2012, a permit was filed for minor alterations to the interior. The building, located […]
This mid-19th century Italianate in Prospect Heights makes up in width (24 feet across) what it lacks in depth (40 28 feet). The double duplex is nicely renovated and has lots of cute old details, including arched entry doors, floors, marble mantels, a wood burning fireplace, tin ceilings and wedding cake plaster decorations. We’re guessing […]