It’s been about a year and a half since we teamed up with BFC Partners and Goldman Sachs’ Urban Investment Group to buy the old Studebaker Service Station at 1000 Dean Street in Crown Heights and convert it into office and studio space. Construction’s been under way since May 2012. We began preleasing office space at the end of the summer and already have a number of leases, mostly for spaces in the 1,000- to 4,000-square-foot range, signed and in the works.
The renovation is almost done and we are targeting a January occupancy so we thought it would be a fun time to show some updated photos of the project. (We’ve also included a couple of photos on the jump of the Brooklyn Flea beer hall under construction on the Bergen Street side of the property.)
If you are in the market for Brooklyn office space, there are still plenty of smaller units available on the second and third floors (like this listing and this listing) and up to 35,000 per floor on the ground floor and fourth floor. Please contact Chris Havens of aptsandlofts.com at firstname.lastname@example.org for more information or to arrange a viewing. (more…)
This is an exciting moment for us. It’s been about 16 months since we teamed up with BFC Partners and Goldman Sachs’ Urban Investment Group to buy the old Studebaker Service Station at 1000 Dean Street in Crown Heights. When we first envisioned the project back in the summer of 2011, the real estate market had not fully recovered from the the doldrums of 2009 and 2010 and the 150,000-square-foot former garage and storage facility located in a M-1 zone on the western edge of Crown Heights struck us as a great opportunity to create a hub of economic activity in an area without any real commercial anchor but clear signs of potential. Our vision included about 100,000 square feet of Dumbo-style office and studio space on the three upper floors anchored by food-oriented uses on the ground floor. We had planned all along to do a beer hall and food court in the 9,000-square-foot one-story building on the Bergen side of the property (see photo of the restored facade below) and were thrilled to ink a deal with 3rd Ward shortly after closing on the property to build a 25,000-square-foot food incubator and educational space on the ground floor of the main building.
So we’re now thrilled to announce that leasing for the office spaces has just begun. We’ve pre-built some spaces on the second and third floors and left the fourth floor open for larger uses. Between all the floors, we can accommodate tenants looking for anywhere from 500 to 30,000 square feet; pricing ranges from the low $20s to high $20s per square foot depending on size, views, etc. Interested parties can check out the Aptsandlofts website and get in touch with Chris Havens, the broker in charge of leasing, by email at email@example.com.
While you’re at it, you might want to check out this great slideshow Gothamist did over the weekend of the interior of the building, including some nice shots of the beer hall under construction. (more…)
It’s been a long time since we’ve blogged about the progress at 1000 Dean Street, our joint venture with BFC Partners and Goldman Sachs Urban Investment Group to convert the former Studebaker Service Station into a vibrant commercial center in Crown Heights. (Here’s the post from last year announcing the project.) As you may have read, the ground floor of the building will end up containing a 25,000-square-foot kitchen incubator being built and run by 3rd Ward as well as a 9,000-square-foot beer hall and food court featuring a handful of Smorgasburg and Brooklyn Flea vendors. The three upper floors (of roughly 35,000 square feet each) have been designed to accommodate a wide range of commercial tenant sizes, from 700 square feet up to a full floor. We are hoping that these will be ready for occupancy sometime this fall. If you are a large tenant, please email Chris Havens at firstname.lastname@example.org and if you are a smaller tenant please fill out this survey to be contacted when leasing is beginning for smaller spaces. In the meantime, please enjoy some construction photos on the jump, some of which show off the two light wells that we are cutting into the middle of the building. And for comparison’s sake, check out the facade of the building when we started. (more…)
It’s a bit meta to reblog a New York Times story about oneself, but such is the predicament that yesterday’s piece by Liz Robbins, “Kings of a Small-Batch Empire in Brooklyn,” puts us in. It was obviously a huge honor and hugely satisfying to have the paper of record do such a deep dive into the various business endeavors that we’ve spent the past few years working on. (And to note for the record that it all started right here with this blog!) While the ink about 1000 Dean Street and the Brooklyn Flea beer hall and food court was more than welcome, it was particularly cool to have a journalist look at The Flea and Smorgasburg as the business incubators that they really are. There is such entrepreneurial spirit in Brooklyn right now and it’s incredibly satisfying to be playing a part in it. Interested, as always, in everyone else’s reaction. Kings of a Small-Batch Empire in Brooklyn [NY Times]
Things have been busy over at 1000 Dean, the commercial conversion of the old Studebaker Service Station in Crown Heights that we announced back in April. The facade restoration is largely complete (no new windows yet though) and, as the photos above and after the jump below indicate, the original Studebaker sign has been restored. It’s also fun to see the interior space now that all the storage boxes have been removed. It’s really quite beautiful. The website, 1000Dean.com, is also now live, with lots of information about the project as well as a link to indicate interest in office or studio space when the building comes online next year. (more…)
We kicked off our blogging coverage of 1000 Dean Street a few weeks ago with news that the scaffolding had gone up on the Dean Street facade in anticipation of beginning facade work. We’re pleased to report that the repair of that front of the building is now complete and its been painted its final light gray color. (The new windows will come later.) Next up for repair: the western exterior wall. In case any of you are scratching your heads wondering what the back-story is, you can read the blog post from April in which we announced the project–a joint venture with BFC Partners and Goldman Sachs to convert the old Studebaker Service Station into a hub for creative commercial activities. Stay tuned in coming months as the renovation action really heats up. If you’d like to register to be contacted when the building is ready for leasing, click here.
As you may recall from our announcement last month, we’ve embarked on not-so-modest real estate development project to convert the old Studebaker Service Station at 1000 Dean Street in Crown Heights into a office and studio space for the legions of folks in the surrounding neighborhoods who are pursuing their own creative projects. A year from now, we (meaning Brownstoner, our development partner BFC Partners, our financing partner Goldman Sachs and the two groups responsible for allocating New Market Tax Credits to the deal–Waveland and United Fund Advisors) hope the four-story, 160,000-square-foot complex is swarming with a mix of technologists, artists, writers, jewelers, small food producers, etc. That seems like a long way off right now, as the more immediate matter at hand is turning what is essentially an old garage, albeit a mighty sturdy one, into a high-tech hive that is designed to foster interaction and creativity. To that end, BFC, which has been building large buildings across the city for almost three decades, has begun work on the facade already. Meanwhile, we are all working closely with Selldorf Architects to finish up the overall design for the building, which will include a new core with two new passenger elevators as well as new bathrooms, mechanicals and all the other fun stuff that will make this a functioning and hopefully thriving place to work. Over the next few months we will keep you updated with the development process as well as give you a taste of some of the building’s history. We’ll also have the website for the project live soon, but in the meantime feel free to fill out the leasing survey to get your name on the list for when space becomes available in the first half of next year. To get started, we’ve got an action photo of some of the facade repair that’s already under way. (more…)