The purpose of the proposed merchants association would be to strengthen local mom and pops, who are facing escalating rents in the area due to recent lease signings from retailers such as J.Crew, Splendid and Rag & Bone, according to DNAinfo. “Merchants on Court and Smith streets are banding together to draw more business to the area so that they can afford the neighborhood’s rapidly rising rents,” said the story.
Like all BIDs, the group would take on sanitation, greening, safety and marketing to help businesses in the area thrive. They’ve also launched an online campaign to raise $10,000 for the BID.
Steering Committe members include D’Amico Coffee, Carroll Gardens Realty, Diane T., Stinky BKLYN, Viceroy Properties and Mazzone Hardware. Pictured above is a lower stretch of Court Street near the BQE.
A proposal for a Business Improvement District around the Barclays Center will not become a reality. The Commercial Observer reports that the Downtown Brooklyn Partnership, who first proposed the BID, just couldn’t figure how to spread the burden fairly on property owners. The BID, after some adjustments, would include the Barclays Center, the Atlantic Terminal and Center, the Brooklyn Academy of Music, and the Cultural District and commercial blocks on Flatbush. The DBP runs three other BIDs in the area and expected to establish another one by the end of the year, coinciding with the end of Bloomberg’s term. But after delays in the process, the DBP announced it just wouldn’t be moving forward. In a letter they sated “we have been unable to arrive at an equitable assessment formula.” As the Commercial Oberserver points out, the proposal, if it ever resurfaces, will have to wait until the next administration. The BID That Wasn’t: Barclays-Area Effort Dissolves, For Now [Commercial Observer] Photo by Animcolate
The Park Slope Chamber of Commerce filed an application with the Department of Small Business Services to officially create a 16-block BID along 7th Avenue, from St. John’s Place to 16th Street. The BID will include around 300 businesses. The Brooklyn Eagle spoke with Tammy Shaw, Chair of the Steering Committee, who said that the creation of the BID is moving according to schedule. Currently they are in the outreach phase and have set up a website with more information. The process will likely take up to nine months, with a final approval by the City Council. Council Member Steve Levin has already expressed his support for the BID, stating in a letter to the Small Business Services Commissioner that the BID “would provide much needed services that create a cleaner environment for visitors and residents while providing a safe environment.” The chamber is asking for a $300,000 annual budget to be used for mainly for sanitation services. Rumblings about a possible BID on 7th Avenue started up at the beginning of this year. Park Slope Chamber Moves Forward With Plans for 7th Ave. BID [Brooklyn Eagle] A BID in the Works for 7th Avenue [Brownstoner]
In just a few years, Brooklyn’s downtown will look like a different place, with lots more tall towers and housing — with about one fifth of it affordable, reported Crain’s New York.
In the next two to three years alone, 14 new residential properties with a combined 4,746 units will be completed, according to a study by the Downtown Brooklyn Partnership. About half of these projects are already rising, while the other half are currently in the development process. When they are completed, the area’s population will rise from a little more than 13,000 to well over 25,000. The boom began with a rezoning in 2004, which paved the way for new office and commercial towers along Flatbush Avenue and the surrounding blocks. Since then, 29 buildings with nearly 5,300 units have sprung up.
The story noted that under Bloomberg, the city has rezoned more than one-third of New York City’s landmass. Critics have charged housing for low- and middle-income families should be mandatory in all new developments, “but the administration prefers a market-driven approach that uses government incentives and tax breaks to promote the private development of affordable housing,” said the story. Projects currently in the pipeline will bring the number of affordable units Downtown to more than 1,400 affordable units, according to the study. Some of the notable developments yet to come include several mixed-use buildings with space for arts and cultural activities and events. “Before there were lingering questions about the area’s attractiveness after work and on weekends, but the successful opening of Barclays Center, the growing array of first-rate cultural institutions and more interesting retail options have driven up demand,” said David Lombino, director of special projects for Two Trees, the developer that rebuilt Dumbo, is remaking the Domino complex and also putting up BAM South, a 32-story tower with arts space. “More people want to live in downtown Brooklyn because it’s a diverse and vibrant New York neighborhood and the market is responding to that.” Do you like the changes in store for Downtown? What kind of development would you like to see? A Wave of Development Looms in Downtown Brooklyn [Crain's]
The Park Slope Chamber of Commerce, local pos and community groups are looking to create a Business Improvement District along 7th Avenue in Park Slope. The proposed district includes all properties fronting 7th Avenue from St. John’s Place to 16th Street. The idea of the BID is to keep the streets clean, promote events on the avenue and add additional security through storefront cameras and volunteer patrols. There is already a BID on 5th Avenue that does similar work. Right now the proposal is in its very early stages. There’s a public informational meeting about the proposal on Thursday, February 28th at 9 am at Greenwood Baptist Church (461 6th Street). After the planning phase, those working on the BID will begin outreach. If there’s enough community support, the BID will be put into legislation.