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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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 […]