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July 7, 2006

Heard on Third: The Brits Are Coming!

building
We heard that a British woman recently paid $8 million for this group of buildings on the corner of 3rd Street and 3rd Avenue. Not sure what her plans are for the building but she's contemplating a "green" roof. GMAP




Comments

british eccentric?
she could have spent that $8m much more wisely than staking out a chunk of noisy dustry 3rd avenue.

Posted by: Anonymous at July 7, 2006 11:15 AM

A green roof huh? I wonder what other paint colors she has picked out.

Posted by: Jim at July 7, 2006 11:47 AM

it's a development site. she going to put a huge condo building w/out paying park slope real estate prices. The same lot on Fourth Ave would costs 30-40 million.

Posted by: Anonymous at July 7, 2006 11:48 AM

Smart move -- Third Ave is an ideal location, midway between Smith St and Fifth Ave, so a restauruant-goer's delight. It has a considerably less noisy and tacky feel than does Fourth Ave around here. And the PS 321 school district starts at Third Ave (on the east side I believe). If her building is in PS 321 condos here would be a slam dunk.

Posted by: babs at July 7, 2006 12:05 PM

and it will be right across the street from the Whole Foods if they get their brownfields situation cleaned up so that they can build.

Posted by: elkay_brooklyn at July 7, 2006 12:26 PM

According to Massey Knakal's website (where it is still listed), this property is on 3rd Street and Bond, not 3rd Ave.

Posted by: John Ife at July 7, 2006 12:50 PM

elkay is correct, this is 3rd & Bond

Posted by: Anonymous at July 7, 2006 1:48 PM

That would be PS32 area on Union/Smith street.

Posted by: Anonymous at July 7, 2006 2:01 PM

I dream of building a greenroof on our bldg...

Posted by: Anonymous at July 7, 2006 2:07 PM

Given that this is historically a heavy industrial area, will this prospective developer face brownfield issues that might hamper her ability to build residential? What is the zoning, anyway? Is it still a manufacturing district? Not that it matters much, because in the current Gold-Rush fever in these parts, rezoning shouldn't be a problem. And of course (since rezoning is by nature time-consuming & costly), there's always the BSA shortcut. The BSA is very accommodating to hardship issues -such as, in case she speculated and overpaid for land that is not zoned residential?

Posted by: anon2 at July 7, 2006 8:55 PM

What's a greenroof?

Posted by: Allie at July 8, 2006 12:18 AM

I'd like to know also what a green roof is.

Posted by: anon at July 8, 2006 2:17 AM

Yeah, me too, what is it? Brownstoner?

Posted by: BK at July 8, 2006 4:05 AM

I think it's like a greenhouse, only on the roof. I'd still call it a greenhouse, though, even if it were on the roof -- how about a rooftop greenhouse?

Posted by: babs at July 8, 2006 9:58 AM

green roof typically is gravel, soil and turf on top of the waterproof membrane (covering the existing concrete/timber roof structure). Built correctly it contributes immensely to the thermal comfort provided by the building. Good thing? You betchya!

Posted by: Anonymous at July 8, 2006 11:36 AM

Think about it:
Gowanus for water
Whole Foods at 3/3.
Subway on 4 Ave
Great views
$800/sf for stupid buyers (if the Fed lets the credit idiocy continue)
Build non-union for $250/sf
Acquire for $100/bsf
She will make a killing from the lemmings.

Posted by: Anonymous at July 9, 2006 11:35 AM

Actually, the BSA has denied all variance applications for this neighborhood, so the likelihood of residential development as a possibility on this site is quite low.

Posted by: Anonymous at July 9, 2006 7:39 PM

GEEZ, google green roof and find out!

Posted by: Anonymous at July 11, 2006 8:16 AM

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