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January 5, 2009

Development Delays in Boerum Hill North

State-Schermerhorn-Brooklyn-0109.jpg
The section of Boerum Hill that sits to the north of Atlantic Avenue has seen its share of development in recents years, as a mix of large and small buildings have sprung up to transform the stretches of State and Schermerhorn Streets between Smith and Bond. Now, reports The Times, some of the same developers who first made bets on this area in the early years of this decade are having to press the pause button on the next wave of projects. Developer Abby Hamlin, who, along with partner Time Equities, built the highly-praised 14 Townhouses and the 217-unit Schermerhorn House (pictured), says plans for three other contiguous sites are on hold for at least 6 to 12 months. One block east, the development company Ibec, which put up the State Renaissance Court back in 2006, says it will have to hold off building anything on two adjacent lots. “Unless we have firm commitments from buyers, we wouldn’t even start developing,” said Ibec partner Samy Brahimy. “Banks at this point are not going to give you a construction loan.” While many locals aren't thrilled with the development purgatory, one old-timer, who picked up his State Street townhouse for $62,500 in 1976, is unfazed. “I know it’s inevitable they will build at some point,” he said. “And I’m perfectly happy to wait.”
A Block That Wanted Development Has to Wait [NY Times]




Posted by Brownstoner at 11:29 AM | Comments (20)
Categories: Boerum Hill, Development

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Comments

Is that area really called "Boerum Hill North"? The northern border of Boerum Hill has traditionally been State Street.

Posted by: Brooklyn Chicken at January 5, 2009 11:47 AM

No, we just made it up ;)

Posted by: brownstoner at January 5, 2009 11:49 AM

Boerum Hill "North"?

Good grief, Charlie Brownstoner.

Its been called "downtown" ever since time. Then again, a realtor could probably get 20% up on a selling price calling tit Boerum Hill "North".

Why not just call it Cobble Hill NorthEast?

Posted by: Prodigal_Son at January 5, 2009 11:54 AM

Well, the Times referred to it as Boerum Hill, so we just decided to be more specific, since most people think of Boerum Hill as being south of Atlantic.

Posted by: brownstoner at January 5, 2009 11:59 AM

More bang for the buck....Brooklyn Heights West.

Posted by: bayridgegirl at January 5, 2009 12:03 PM

Neighborhood Hypersensitivity Syndrome is always a welcome discussion here. Hope to see lots more of it in 2009!!!!

Posted by: daveinbedstuy at January 5, 2009 12:05 PM

'Brooklyn Heights West'??????

Ok, I'm directionally challenged today.
Should be....Brooklyn Heights East (BroHeist)

Posted by: bayridgegirl at January 5, 2009 12:05 PM

BoCoCaNo


Sorry Cobblehiller, couldn't resist.

Posted by: daveinbedstuy at January 5, 2009 12:07 PM

Off the East River
Theres a place called BoCoCaNo
Thats where you wanna go to get away from it all

Bodies in the Penn
Tropical drink melting in your hand
Well be falling in love
To the rhythm of a steel drum band
Down in BoCoCaNo

State, Schermerhorn ooo I wanna take you
To Smith, Bond come on pretty mama
Atlantic, Boreum baby why dont we go

Ooo I wanna take you down to BoCoCaNo
Well get there fast
And then well take it slow
Thats where we wanna go
Way down to BoCoCaNo

Posted by: bayridgegirl at January 5, 2009 12:22 PM

Off the East River
Theres a place called BoCoCaNo
Thats where you wanna go to get away from it all

Bodies in the Penn
Tropical drink melting in your hand
Well be falling in love
To the rhythm of a steel drum band
Down in BoCoCaNo

State, Schermerhorn ooo I wanna take you
To Smith, Bond come on pretty mama
Atlantic, Boreum baby why dont we go

Ooo I wanna take you down to BoCoCaNo
Well get there fast
And then well take it slow
Thats where we wanna go
Way down to BoCoCaNo

Posted by: bayridgegirl at January 5, 2009 12:24 PM

Sorry for the double post. Some may think I should apologize for a single post.

Posted by: bayridgegirl at January 5, 2009 12:28 PM

I think it was great!!! Cobblehiller's gonna have hissy fit though!!!!

Posted by: daveinbedstuy at January 5, 2009 12:46 PM

AFAIK State Street has been part of Boerum Hill since the name and boundaries were made up over 40 years ago.

Posted by: Bob Marvin at January 5, 2009 12:54 PM

According to the Boerum Hill Association, the neighborhood reaches up to the south side of Schermerhorn and Court.

Posted by: BH76 at January 5, 2009 12:58 PM

...in which case Boerum Hill North seems fitting, no?

Posted by: brownstoner at January 5, 2009 1:07 PM

FOR CRYING OUT LOUD....can someone please create a definitive map of neighborhoods and boundries!

Now, how about the stalling developments?

Posted by: bayridgegirl at January 5, 2009 1:19 PM

Hey Charlie Brownstoner,

Just jabbing ya on the name designation. Boerum Hill "North" is no more offensive that Carroll Gardens "West".

Its a crime thats been committed many times before.

We all know you were a real estate mogul in a past life. You just can't help it.

Posted by: Prodigal_Son at January 5, 2009 2:06 PM

at least calling this "boerum hill north" is still actually within the boerum hill boundaries (in the northernmost section). that is hardly a crime.

carroll gardens west - is NOT carroll gardens. big difference.

Posted by: RobertMosesJr at January 5, 2009 5:13 PM

How ironic that -Robert Moses Jr- says, "carroll gardens west - is NOT carroll gardens. big difference." because it WAS CERTAINLY that...um, before, um

Robert Moses, Jr.

Posted by: Prodigal_Son at January 5, 2009 8:47 PM

actually before that i believe it all was just called south brooklyn. um.. so.. um.. no.

Posted by: RobertMosesJr at January 7, 2009 3:04 PM

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