A new report says the Port Authority should sell off two of its Brooklyn ports to developers to build housing and help generate some cash, Bloomberg reported. Selling the two money-losing shipping terminals would help the bloated agency make up the $80,000,000 in revenue it lost last year while operating New York City’s ports.
The two ports are the Brooklyn-Port Authority Marine Terminal, just south of Brooklyn Bridge Park, and the Red Hook Container Terminal next door, according to the report by nonprofit watchdog group Citizens Budget Commission. Both are located in the Columbia Street Waterfront District, west of Cobble Hill, and the Red Hook Container Terminal also extends south into Red Hook. They lost $205,718 and $184,788 per acre last year, respectively, but only support 9 percent of New York’s cargo volume.
Obviously any housing built right on the water would go for megabucks and raises the possibility of a variance for extremely tall luxury towers, a la Williamsburg and Greenpoint. No doubt affordable housing will be part of the mix — somewhere. There’s also the question of flooding.
The CBC also suggested the Port Authority could convert some of its existing buildings to a “modern industrial park” with space for light manufacturing, like the Brooklyn Navy Yard.
AA Studio has released renderings for its forthcoming 20 townhouses at 109-125 King Street and 74-85 Sullivan Street in Red Hook, and we think they are great! They’re contemporary but with some charming details such as arched windows that reference the architecture in the area. The colors and design of each one vary and repeat in a way reminiscent of late 19th century row house design. (If we read the rendering correctly, the pattern is A, B, C, D, E, B, A, E, B, C reversed, and A.)
New York YIMBY was the first to publish the renderings. Note they all have garages on the ground floor, with access in the front, which is unusual for high-end townhouses, at least the ones we’ve seen lately. It’s not our favorite look, but doesn’t seem to overwhelm the design, at least not in the rendering above.
Each house will be 2,625 square feet, as already reported. The developer bought the property, which houses a two-story factory, for $9,700,000 last year.
YIMBY guessed the exterior cladding planned for the houses will be a mix of brick, metal, wood, and the very popular and contemporary rusty Corten steel. Click through to see a rendering of a rooftop patio.
Developer Sanba Partners has filed permits for the 20 modern-style townhouses it is planning a few blocks from the water in Red Hook. New York YIMBY spotted the permits for the three-story houses, which will be located at 109-125 King Street and 74-85 Sullivan Street.
The houses will fit “into the fabric of Red Hook” and be “contemporary” in style, according to the website of AA Studio, which is designing the houses.
Each house will be 2,625 square feet, with roof decks and parking. The developer bought the property for $9,700,000 last year, said YIMBY. Above, a factory at 115 King Street.
The city and state are looking for a firm to study and design (but not build) an integrated flood protection system for Red Hook. Governor Cuomo and Mayor de Blasio sent out a press release yesterday announcing a request for proposals, and have already committed $100,000,000 in city and state funding to flood protection. The whole project, including construction, will cost an estimated $200,000,000 and protect 370 acres of land, including Red Hook Houses and “other key buildings and infrastructure in the 100-year floodplain.”
Long-term flood protection strategies may involve “a combination of partially deployable floodwalls and raised development, park retrofits and street raising, resilient building retrofits and redevelopment, and improvements to drainage and pumping facilities,” according to the press release. The Mayor’s Office of Recovery and Resiliency and the NYC Economic Development Corporation will head up the actual implementation of the project. They’ll also design the final measures with help from the Red Hook NY Rising Community Reconstruction Planning Committee.
Above, Red Hook flooded during Hurricane Sandy. Curbed was the first to write about the announcement.
Italian developer Est4te Four — the same folks behind gorgeous and fast-selling 160 Imlay — closed on $33,000,000 worth of Red Hook properties last month, and now we have renderings of what they plan to do with it, courtesy of New York YIMBY. They intend to convert the large brick warehouses on Coffey and Ferris Streets to offices and build new five- and six-story buildings with brick on the bottom and glassy top floors, according to the rendering.
They want to demolish the site’s “less attractive” warehouses, such as the Daily News’ old printing press building. NBBJ is designing the project, which is bounded by Coffey, Ferris and Wolcott Streets and the waterfront. It will also include a waterfront promenade. Altogether it will have 1.1 million square feet of office space.
Click through to see more renderings of the office development. What do you think of the design?
Incredibly, more than 50 percent of the apartments at ultra-luxury Red Hook condo building 160 Imlay are in contract less than a month after sales launched. Construction on the conversion of the warehouse started in June, and is expected to wrap in 2016. On the first of this month, listings went up for 10 units, and now there are 49 units listed on StreetEasy, all of which are in contract. The building has 70 units altogether but no available units are listed online. BuzzBuzzHome was the first to report on the sales.
Prices range from $862,875 for an 885-square-foot one-bedroom to $5,397,840 for an 3,831 square foot one-bedroom. (There are also studios, two-bedrooms and three-bedroom units.) Est4te Four is the developer and Aldo Andreoli of AA Studio is the designer. The interiors preserve some of the industrial details of the warehouse, which was one of the first cast-in-place concrete buildings, such as concrete beams and high ceilings. The units feature extra-large triple-paned windows to take advantage of the views. There are wide plank oak floors, white matte lacquer Italian kitchens, and appliances by Miele. Douglas Elliman is handling the sales. The building is in the flood zone.
Italian developer Est4te Four, which is transforming 160 Imlay Street into condos, has dropped $33,025,000 on four more properties in Red Hook, according to public records. One of the purchases is 64-82 Ferris Street, a huge three-building complex on the waterfront that used to house printing presses for The New York Daily News. The Milan-based developer plans to convert the existing warehouses into office space for creative companies and put up new buildings that could either be more office space or a hotel, according to its website.
Est4te Four executive Stefano Marciano signed a $6,500,000 mortgage last month for four neighboring waterfront plots — 64-82 Ferris Street, 242 and 300 Coffey Street, and 217-255 Wolcott Street. He’s also the signer on all three deeds, which hit public records September 30 for $17,503,250, $9,907,500 and $5,614,250 respectively.
Last week, Est4te Four launched sales for its condo conversion of 160 Imlay with prices starting at $973,000 for a one-bedroom. The developer is also planning to convert a large red-brick warehouse at 202 Coffey Street into art galleries and studios. And over the summer, the company entered contract to buy two commercial properties at 62 Ferris Street and 219 Sullivan Street.
After years of litigation, a change of ownership, talk of rentals and artists studios, listings have gone up for 160 Imlay, which turn out to be luxury condos with spectacular views of the river priced competitively with similar property in “prime” Brooklyn.
Ten units have been listed so far, ranging in price from $973,000 to $3,857,325. The latter, the priciest listing in Red Hook right now, according to DNAinfo, is only a one-bedroom. It has 3,429 square feet and is on the sixth floor. The floor plan labels it a “white box studio,” which sounds like raw loft space. The same renderings are shown for all the listings.
Three units asking $973,000 are also one-bedrooms, but they are on the fourth and fifth floors and only about 973 square feet.
The architect of the conversion of the industrial building is Morris Adjmi Architects. Construction is expected to finish up in 2016.
This new-construction condo looks a little McMansion-y, but it comes with the Red Hook discount. The three-bedroom, two-bath condo clocks in at 1,296 square feet and also has a reasonable amount of outdoor space, including a narrow side garden and a front patio. The living, dining and kitchen are one big space, but it doesn’t look crowded. Since this is Red Hook, it’s a mile from the closest subway stop at Smith and 9th streets. Asking price is $849,000, or $655 a square foot, along with $288 in monthly maintenance.
The townhouse trend that has been so popular elsewhere in Brooklyn of late is coming to Red Hook. Brooklyn-based developer Sanba Partners is planning a large number of row houses — 22 — at 115 King Street, reported The Real Deal. They will be designed by AA Studio, headed up by Italian architect Aldo Andreoli, who used to work with architect Morris Adjmi. (more…)
The house of the day is actually two houses on an unusual L-shaped lot in Red Hook. From the photos the houses look like they are in need of significant repair. There are some details: moldings, staircases, original wide plank floors, tin ceilings and a built in cabinet or two. There is no floor plan and the listing is vague, so it’s unclear how large either of the buildings is or how many bedrooms they have (Property Shark lists one 25 foot by 35 foot building).
The broker refers to the second building as a boarding house and in one of the pictures it appears that it has several boarded up windows. From the map on PropertyShark, it looks like the two houses are built one behind the other close to King street. The lot goes back towards Pioneer Street and then turns towards Richards Street, making a large L shape running across the back yards of the adjacent homes in the center of the block. What do you think of it for $1,495,000?