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August 4, 2008

Development Watch: 277 Gold Street

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While the developments on Myrtle Avenue grab most of the headlines, the multi-building development brought to you by the Lalezarian family is beginning to sprout on Gold Street between Concord and Tillary. Right now, most of the action is on the Tillary end of the site, where the southernmost piece of the project—a 133-unit new building—has two of its 13 stories framed out already; meanwhile, on the Concord end of the site, the foundation has been dug for a 12-story, 377-unit new building. As for the existing self-storage building in between, we'd always assumed it was being converted into apartments, but this application shows no change in use. What's up with that?
Development Watch: 235/277 Gold Street [Brownstoner] GMAP P*Shark DOB




Posted by Brownstoner at 2:44 PM | Comments (12)
Categories: Development, Downtown Brooklyn

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Comments

I have a unit at the Public Storage facility. Management told me that they received numerous offers to buy the building but they ain't selling. Note to self: check unit for rodent infestation.

Posted by: altervoce at August 4, 2008 4:01 PM

Wow. That's such a terrible location it's not even funny.

Posted by: zinka at August 4, 2008 5:45 PM

Lots more here:
http://www.winick.com/2008_listings/235_gold_st/235_gold_st.pdf
including ground floor floor-plan. Claims that 60,000 people will live in this development?!

Posted by: zinka at August 4, 2008 5:51 PM

zinka - apparently you have it all figured out. all these developers along flatbush-x and tillary are clueless, eh?

Posted by: BrooklynLove at August 4, 2008 7:13 PM


I don't think the developers are clueless, however that IS a horrible, horrible location.

The BQE is basically on three sides AND there's a firehouse across the street. The McDonalds and the traffic on Tillary is not a big plus either.

The developers aren't clueless, they're just counting on buyers to be.

Posted by: streber at August 5, 2008 12:25 PM

so thousands of buyers/renters would want to live in a horrible location then?

zinka - ever occur to you that you may be the one missing something?

Posted by: BrooklynLove at August 5, 2008 4:57 PM

First of all, the bit about 60,000 people living in this development is blatantly false advertising. How can 510 residential units hold 60,000 people?

As for the location being bad: what's good about it? As streber said, it's surrounded by the BQE and by Tillary Street (which is basically a highway), it's not near any transit or shopping other than what may come with this new development. So what's good about it?

I'm not saying that no one will move in. They will -- but no doubt at lower rents than the developer is hoping for, and only because they can't afford a better location.

Posted by: zinka at August 6, 2008 11:42 AM

transit - 10 minute walk to york street F, less than 10 to delkb B, Q, N, R

shopping - 5 minute walk to fulton mall, 10 minutes to heart of bk heights, 10 minutes to heart of dumbo, 20 to carrol gardens, and there will be a ton of shopping in this immediate area along flatbush-x and tillary within 5 years.

near BQE and tillary - richard meier buildings are on top of the west side highway, trump soho is on top of the entrance to the holland tunnel, etc etc

Posted by: BrooklynLove at August 6, 2008 9:40 PM

A really grim 10-minute walk to trains is not a selling point.

You can delude yourself all you want. The market will speak.

Posted by: zinka at August 7, 2008 1:29 PM

zinka - so what are you saying? that the prices will be cheaper here then at 70 washington? duh. the point is these places will fill up, the immediate area will continue to progress, the prices will go up, and in the meantime there is great proximity to plenty of transportation and amenities.

you just sound like the usual talking heads that questioned why anyone would ever want to live in dumbo, why anyone would ever want to live in the meatpacking district, why anyone would ever want to live in long island city, etc etc.

if everyone thought like you the only coveted areas of nyc would be the upper east side and brooklyn heights.

Posted by: BrooklynLove at August 7, 2008 7:19 PM

Dumbo, Meatpacking, LIC, etc all had urban fabric, transit accessibility, and a relative lack of traffic running right through them compared to this area. (Yes, Meatpacking has the west side highway, but it's at the edge of the neighborhood, not cutting it in half several times.) I don't see the analogy.

Posted by: zinka at August 7, 2008 9:36 PM

zinka - you need to remove that hindsight mesh from your view. meatpacking has the west side highway and is way off the beaten track wrt subway lines, also has tons of holland tunnel traffic. LIC has a massive train cut, the pulaski bridge, jackson ave and the midtown tunnel mess. dumbo is cut off from the rest of the world by two bridges and the bqe.

Posted by: BrooklynLove at August 8, 2008 7:48 AM

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