Dumbo Takes It to the Next Level

Rentals at 60 Water Street (previously Dock Street Dumbo) will debut any day now, as The New York Times pointed out in a story about development in Dumbo this past weekend and Curbed noted Thursday. The sky-colored clear building makes for an impressive sight viewed from the BQE on a sunny day. The walls and windows have gone up very quickly, so it seems to have popped up out of nowhere, though in fact it’s been under construction for two years now. (The affordable units started taking applications in February.) It should be ready for move-ins by the end of the year, said Curbed and the Times.

Soon Dumbo will be even more crowded than it is now. Six new buildings will bring more than 550 new units to the area in the next five years, said the Times story, while of course the transformation of Empire Stores and the old Watchtower buildings into Dumbo Heights will bring thousands of workers and shoppers to the area with new office space and retail.

One John Street, the luxury condo building nearby in Brooklyn Bridge Park, started sales to friends and family of developer Alloy in July, and one-third are in contract. Condos range in price from $2,000,000 to $8,000,000; there will be an annex of the Brooklyn Children’s Museum in the building.

Condo sales at 51 Jay Street will also launch this fall.

Other developments under construction include 47 Bridge Street (“probably” condos, according to the developer), 181 Front Street (rentals, to be completed in 2016), and the Brillo building at 200 Water Street (condos, with sales to start in 2015 and occupancy in 2016).

The area has been the most expensive in Brooklyn for some time. Prices have now reached at $1,200 to $1,500 a square foot.

Dumbo Roars — With New Condos [NY Times]
Two Trees’ Massive Dumbo Development Nears Completion [Curbed]
Photo by Field Condition via Curbed