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January 8, 2008
So Long Telecom: 470 Vanderbilt Gunning for Residential
After sitting almost-vacant for years, the Carlyle Group-owned Atlantic Telecom Center at 470 Vanderbilt Avenue in Fort Greene will be going residential if negotiations with City Planning conclude without a hitch. Although details are sketchy at this point, we're hearing that the D.C.-based private equity firm has recently brought in a new partner to reposition the property, which currently has some 700,000 square feet of unleased space. We're also hearing that there could be some office, retail and possibly cultural space in the mix—in addition to several hundred rental apartments. No word on whether there will be an affordable housing component but we're betting there will have to be to make the deal politically palatable. This could be just the boost this beleaguered stretch of Fulton Street needs. GMAP P*Shark
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Comments
The same Marriot Hotel architect must have design this innocuous building. Truly generic.
Posted by: guest at January 8, 2008 11:34 AM
That would be a great thing, hope it happens.
Posted by: guest at January 8, 2008 11:36 AM
Keep believing there there will be affordable units in this building. Because none of the new developments in DB, FG, CH have so far proved them. The city is complicit or allows developers to exploit loopholes in the zoning laws. They are built somewhere else in the Bronx, Bushwick, Qns, etc.
Posted by: guest at January 8, 2008 11:43 AM
The last thing we need is even more apartments. In a couple years there will be thousands of apartments right across the street.
They need to find a way to take advantage of all the state-of-art data lines and equipment running through the building.
Posted by: guest at January 8, 2008 11:46 AM
I believe that this building is owned in part by either Geo. H.W. Bush or by Carlyle Group. Either way, neith of them need any money.
Posted by: guest at January 8, 2008 11:51 AM
At least they will have parking. A while back I heard that BONY was going to take space in that building. Since residential is overbuilt and more office space is needed, why allow this conversion? I guess the location isn't the best - but not the worst either.
Posted by: guest at January 8, 2008 11:58 AM
I believe that AC has jumped the shark.
Posted by: guest at January 8, 2008 11:59 AM
Do you mean Carlyle will be late to the party in back-to-back bubbles? What an indicator!
Posted by: guest at January 8, 2008 12:08 PM
Ignore the perpetual haters that have nothing better to do than blog all day long with their fellow luddites. I welcome this news & the people it will bring and the people that will be able to live here. More choices & more homes for those willing to pay for it.
On a side note, the GMAP link is wrong.
Posted by: guest at January 8, 2008 12:17 PM
12:17 more housing except for you. blogger a luddite? hello.
Posted by: guest at January 8, 2008 12:20 PM
Housing? Too bad Forest City didn't buy it. If it redeveloped this property first, those people who have been or will be displaced but promised a unit in Atlantic Yards could have moved only once, instead of twice, maybe kept their children (if any) in the same school, et cetera.
Posted by: g man at January 8, 2008 12:37 PM
Brooklynites... shakes head, such little people with little dreams and selfish to boot. It's all about me me me in the most populous city in the US. Me, me, me!
Brownstoner must be the modern hang out for all the out of work, stay at home moms & dads, and retirees. Whine about the tree branch blocking the sun, whine about the building going up across the street, whine about the everything and all things.
Posted by: guest at January 8, 2008 1:10 PM
1:10 - so you come into the city to work, right? and then drive back to the suburbs in your SUV to put food on the table in your Levittown type subdivision, then watch tv on the couch till you sleep and back to work again the next day. There won't be me me me in bklyn if the greedy developers and corruptible weaklings like you don't contribute to the eyesores that you might have helped create. And you actually wish you live here. Am tempted to ask if you're an obese SuVbarbanite, but I guess I just did.
Posted by: guest at January 8, 2008 1:34 PM
REMEMBER PEOPLE EACH TIME YOU POST YOU MAKE MR. B RICHER. WHILE YOU SIT,STARVE, AND POST.
Posted by: guest at January 8, 2008 1:46 PM
Wouldn't it be a dream, if the parking lot was developed, with retail frontage on fulton and vanderbuilt!
Posted by: Clinton Hillster at January 8, 2008 2:41 PM
Crack is whack!
Posted by: guest at January 8, 2008 3:46 PM
@1:34 How did you come to your conclusions regarding who I am? First of all, I live in Brooklyn Heights, I don't own a car, I'm in very good shape, I work out, do the half marathon and yes, I do work in the city. Your deduction skills are undeveloped and perhaps you should stfu if you don't know what you're talking about regarding a specific person.
I think creating homes and tall buildings are not evil. I do hate people like you though -- always jealous of your neighbors shinny new things, jealous of the things you can't get, jealous of other peoples happiness and on and on. You're bitter, you hate your life, you hate living here, and so you must lash out.
Posted by: guest at January 8, 2008 4:19 PM
Marathons are for poopie faces!
Posted by: guest at January 8, 2008 5:35 PM
^^^ says the lazy, high school drop-out, never paid taxes (except sales tax!), never read a book, and never wore running shoes, as he eats pasta again for the seventh day this week with his mom and complain about the fancy people moving in with their fancy education.
Posted by: guest at January 8, 2008 5:59 PM
Let's turn this into public housing for trash to come in and ruin!
1:34 is an asshat.
4:19 is a fucktard.
5;35 is a god. All hail.
Suck it, slopers
Posted by: guest at January 8, 2008 11:31 PM
During WWII this building was known as the "Schraeder Building" maker of tires. That moniker actually remained on the building through the early 70's. Then it was converted to offices and failed. Manu-facturing is dead. Offices need quick transportation links and a nexus of people. Net result indicates the only realistic use is for housing. If the government kicks in cash for this huge building there better be real affordable housing. Two blocks west sits a 30 story NYCHA monster on Carlton and Atlantic. I predict rental housing as this is no condo site. "Newswalk" condos sit two blocks south, across the street from the proposed Ratner monstrosity, and resales are real difficult. To try to market this site (north of the yards) as anything other than a rental will be a stretch. My two cents.
Marion
Posted by: guest at January 9, 2008 1:10 AM
Aha! I always knew that something ominous was going on in that building. Finding out the The G.W. bush / Saudi, Bin-Laden backed Carlyle Group owns it makes me feel all warm inside. Don't be surprised if they find disappeared people in the basement.
Posted by: guest at January 11, 2008 1:06 PM
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