New Entry in the 4th Avenue Development Game

Looks OK, but as is typical there seems to be no accomidation for retail space...

Very Foolish.

Posted by: guest at June 4, 2008 11:51 AM

A lot nicer than the rest...

4th is really coming along.

Posted by: guest at June 4, 2008 11:56 AM

This looks great, but I'm sure the usual crowd will find plenty of things wrong with it.

Posted by: guest at June 4, 2008 12:08 PM

I lived next to that gas station/lot until about 2 weeks ago...and am quite happy to have moved out after seeing what massive construction is coming.

Question, though...I thought the 12 story buildings were only zoned for the west side of 4th, and not the east side towards 5th ave...I understand the Novo, Crest, etc got in before this all, but am I missing something about this building (and any future 4th ave east side buildings?)

thanks.

Posted by: guest at June 4, 2008 12:24 PM

Is this still in 321 area? How fare can a rezoning be away?

Posted by: guest at June 4, 2008 12:25 PM

Man, this backs onto the milk factory building, right? The cool old one with the entrance on 5th St? I've been feeling bad for the folks there whose terraces will be ruined by this. Such is life, though.

I agree that they REALLY should put some retail down on the ground level.

Posted by: guest at June 4, 2008 12:29 PM

Nice but needs retai BADLY - I actually like how the building picks up some of the nicer (relatively) elements of the Novo like the blocky top 3-4floors - this might help actually make the Novo slightly less of an eyesore. But again - NEEDS RETAIL!!!!

12:24 - no the East side is zoned for 12 stories.

Posted by: guest at June 4, 2008 12:32 PM

What is the milk factory building? I've always been curious about it. Any place to see more inside pics? Any apartments ever open?

Posted by: guest at June 4, 2008 12:40 PM

Speaking of top 3 floors - I sure hope that Boylemgreen sold all the units in the South side "glass block" of the Novo - because the view is going to be decidedly worse once this building is built across the street.

Also has to make you wonder what the sense is there that the Novo only has windows on the South side of the building - which will be blocked - and not on the North side where the park will maintain a free sightline forever.

Posted by: guest at June 4, 2008 12:49 PM

Think it'll take 4 years for people to move in, like good ol' NOVO? What a JOKE.

Posted by: guest at June 4, 2008 12:54 PM

Love the woman strolling by the park benches across the street. Looks like a very nice--

Oh wait, that's the U Haul Parking Lot entrance. Guess they missed that.

Posted by: guest at June 4, 2008 12:56 PM

I like it -

I really feel like the lower slope below 6th between Union and 9th is really becoming the best part of PS

Posted by: guest at June 4, 2008 12:58 PM

there is ground floor retail in the building. the first floor contains the lobby and ground floor retail along 4th

Posted by: guest at June 4, 2008 12:59 PM

12:56 - the picture is very misleading - 4th Ave is only 2 lanes wide and the cars shown look like a Porsche, Mercedes, Cadillacs, Audis and VWs - not a volvo or Suburu anywhere in sight - how can this be Park Slope?

Posted by: guest at June 4, 2008 1:02 PM

the schedule "A" on the filing clearly shows ground floor retail- you all sound the same with the same stupid ignorant complaints. how about something a little less predictable. you can basically cut and paste the comments/complaints about any new development project into any other development project. a bunch of parrots...

Posted by: guest at June 4, 2008 1:03 PM

Brooklynbear - there isnt a glass building anywhere on 4th Ave

Posted by: guest at June 4, 2008 1:05 PM

I'm looking out my North Slope window right now and the cars parked immediately in my line of sight are a Toyota Camry, a Mini Cooper, a Mercedes convertible, two BMW's, a Jeep Wrangler and a Prius.

Posted by: guest at June 4, 2008 1:06 PM

99% of the commenters on this thread today seem to be missing a chromosome. Seriously folks, don't you have anything else in your repertoire? I totally agree with 1:03.

Posted by: guest at June 4, 2008 1:08 PM

THE WHAT is an A**HOLE!

Posted by: guest at June 4, 2008 1:08 PM

I do think the picture is a bit misleading. I dont think that the building will go from 5th st all the way to sixth st. There is a parking lot for the bordens coop on the end closest to the NOVO and I dont think this development bought that portion of the land. There should be considerable space between the novo's south end and this buildings north end.

Posted by: guest at June 4, 2008 1:17 PM

Yesterday he was a D*CK!

Posted by: guest at June 4, 2008 1:18 PM

Don't feel sorry for the Milk Factory owners with terraces. They've known about this for a long time. About a year ago I went to an open house for a 2 Br + office, with a terrace looking directly out towards 6th Street. Not a mention of anything about construction. I asked the broker, since I noticed that the gas station had been closed upon, what was going to happen. She said, essentially, "one never knows what can happen." It was so lame. They've known, and sold to people, but not mentioned it. That's why there was a huge exodus from that building about a year ago.

Posted by: guest at June 4, 2008 1:21 PM

The schedule A says - "Commercial" - which is what the ground floor at Novo says as well - and the rendering doesnt show any retail. Commercial /= retail.

Posted by: guest at June 4, 2008 1:23 PM

"That's why there was a huge exodus from that building about a year ago."

That's interesting. I live there and have noticed 2 units turn over in the last two years.

Posted by: guest at June 4, 2008 1:32 PM

1:32 - please do not let truth interfere with the tireless negativity that we love so much about Brownstoner.

Posted by: guest at June 4, 2008 1:35 PM

This development is not in PS 321 zone, as it is on the south side of 5th Street. That's the dividing line on the south.

Posted by: guest at June 4, 2008 1:42 PM

MR.BROOKLYN in da house.lets begin the dabate.

Posted by: guest at June 4, 2008 1:54 PM

The interesting thing about this building (as well as a few others nearby) - is that construction has started well after the beginning of the credit crunch - which indicates (to me) that these builders have been able to secure construction financing even though the capital markets have been in turmoil - clearly someone is bullish on Brooklyn Real Estate

Posted by: guest at June 4, 2008 1:58 PM

1:58 - I stand corrected on the Novo - but again commericial 'allows' retail but doesnt mandate it - and looking at the rendering - it isnt clear that this building will have any.

Posted by: guest at June 4, 2008 2:03 PM

AS far as bullish on Brooklyn real estate goes, ie, the continued building, you might want to look back to Houston in the 1980s. The real estate market crashed, but they just kept building.

Oh wait, it's different this time, right?

Posted by: guest at June 4, 2008 2:11 PM

I live just up the block from here and am delighted that the rendering says my house will be one story taller than it currently is.

Posted by: guest at June 4, 2008 2:18 PM

2:11 - that was commercial RE and the market crashed, here it is residential and credit has been pulled back (the mkt has not (yet) crashed) - so yes it is different

Posted by: guest at June 4, 2008 2:19 PM

I really like the rendering. But I bet ya dollars to donuts, that when this thing is completed five years from now, it will bear only a passing resemblance to this digital fantasy.

Posted by: guest at June 4, 2008 2:30 PM

Guess they want you to feel 'less bad' about obliterating the sun from your life, 2:18.

Posted by: guest at June 4, 2008 2:33 PM

Someone with the time and know-how should post a more realistic rendering. With a 6 lane 4th avenue and a U-haul right across the street.

Posted by: guest at June 4, 2008 2:35 PM

2:33 - typical Brownstoner negativity - of course this ignores the fact that the building will have no effect on the sunlight to the buildings to the east - since the sun sun sets in the the South West in Brooklyn

Posted by: guest at June 4, 2008 2:40 PM

2:03 - no - if they filed plans for "commercial" on the ground floor, it is in fact mandated that there be a commercial use in that space. it cannot be changed to residential (or medical offices) without first changing the plans at the DOB.

Posted by: guest at June 4, 2008 2:47 PM

Houston isn't the best example, considering it was one of the only metro areas in 2007 to show steady price appreciation.

Posted by: guest at June 4, 2008 2:52 PM

If it looks twice as good as NoVo, it'll look like a cheap POS.

Posted by: guest at June 4, 2008 2:57 PM

"Houston isn't the best example, considering it was one of the only metro areas in 2007 to show steady price appreciation."

Except that the real estate crash in question was 25 years ago. But thanks for playing, next contestant please.

Posted by: guest at June 4, 2008 3:15 PM

All new buildings suck. Landmark everything. I love vacant lots. Buck Fush. Free Mumia.

Posted by: guest at June 4, 2008 3:55 PM

The "free Mumia" line makes me laugh every time = classic

Posted by: guest at June 4, 2008 4:01 PM

2:33 The sun never sets on the Slope, it's so vast.

Posted by: guest at June 4, 2008 4:32 PM

Hey 3:55, new construction is fine with me as long as it isn't the cheap, half-assed construction--which most of these "developers" out here in Brooklyn feel the need to foist on us. If you like it so much, go live in it.

And for you and your "fan" at 4:01, the fact that your "Free Mumia" line brings a chuckle shows that not only do you have zero taste, your sense of humor is threadbare and lobotomized. Laff Shack in Peoria is calling you, dimwit.

Posted by: guest at June 4, 2008 5:41 PM

this has nothing to do with being bullish on brooklyn. the commitment for the loan was probably secured before the crunch in 07. once the ball is in motion, the bank can't stop it and the developer will usually go ahead because of the sunk costs. if i was looking for a stock to short, i would find out what bank is doing the financing. a better example of this situation in the current market is the fact that there are whole high rise condos sitting empty in miami, but there are still new ones being built. not bullish at all, they just didn't have a chair to sit in when the music stopped...

Posted by: guest at June 4, 2008 6:10 PM

Free Mumia with every &75 purchase.

Posted by: guest at June 4, 2008 6:36 PM

Now that IS funny, 6:36!

Posted by: guest at June 4, 2008 8:01 PM

6:10- that is a brilliant analysis - of course it is completely false - in fact in the time it took you to write your post you could have checked ACRIS and discovered that the 6+M financing was secured in February '08.

5:41 I think it is the outrage for which you react to the Free Mumia line that actually makes it so funny.

D. Faulkner

Posted by: guest at June 4, 2008 8:47 PM

Hey Faulkner, I wasn't outraged that someone "poked fun" at "liberals" who demand "the man" "Free Mumia."

I was outraged that people who aren't funny make lazy "jokes" so that their echo chamber buddies can "LOL" and pat eachother on their backfat.

You're a dipshit, by the way.

Posted by: guest at June 4, 2008 9:48 PM

mmmmmm, tasty man backfat.

FREE MUMIA!

FREE FAULKNER!

Posted by: guest at June 4, 2008 10:51 PM

I'd like to see Mumia and Faulkner in the Octagon.

Posted by: guest at June 5, 2008 8:32 AM