Greenpoint’s Sweater Factory Lofts on Banker St Sells


We may be seeing an end to the saga of 239 Banker Street, the well-known Greenpoint commercial building allegedly used illegally as residencies: the former Sweater Factory just sold to “JL Take Two LLC” for $9.1 million. It’s unclear whether the buyer is a developer or not. New York Shitty has tracked the building’s history as an allegedly illegal residency and the multiple forced evictions for years now. (Regardless, 239 Banker has still actively been marketed as a rental very recently.) Not long ago, tenants applied for protection under the loft law. Wonder if this will put a kink in their plans or bolster their cause? Cuberd covered this yesterday, too.
Lofty Aspirations at a Notorious Greenpoint Building [Brownstoner] GMAP P*Shark DOB

By Emily | | Comment

Open and Shut



Park Slope
Finally! After a long battle with the surrounding neighborhood, Woodland (aka Prime Six) opened on Flatbush Avenue, reports Here’s Park Slope. Says HPS: “This is a new type of restaurant for the neighborhood: sprawling, multi-level, glamorous, pricey.” There are two floors which include a bar, a large backyard with an open grill, a lounge, and a private dining room. The menu is very meat heavy… you can see a copy over at HPS. The image above comes from the website as well. Also open in Park Slope: English-style Monro Pub now serving English brews at 5th Avenue between 11th and 12th Street, Banyo, a fancy shmancy Turkish bathrobes/textiles store at 421 7th Avenue, and Yogurberry on the corner of 5th and Prospect. The New Happy Taco joint on Park Place shuttered for good after a DOH shutdown.

Elsewhere
Italian restaurant Arthur on Smith starts serving lunch tomorrow in Carroll Gardens. And in Cobble Hill, the Ethiopian restaurant planned for the old Quercy space on Court Street opened up yesterday for dinner. A burger joint – Mark’s Gourmet Burgers – will open this summer on the corner of Waverly and Myrtle Avenue (the former Bechamel space) in Clinton Hill. Also on Myrtle, we noticed that Wicked Good Franks, which opened one year ago, closed up shop. Racked checks out the new Brooklyn Industries in Greenpoint on Manhattan Avenue. The store is made almost entirely of recycled materials – even the electricity is totally generated from wind power. And in Bed Stuy, Scratchbread Bakery now serves breakfast.

By Emily | | Comment

385 Union Avenue Sells for $20 Million



Sometimes real estate is just darn weird: City records filed last week show that the building at 385 Union Avenue, in Williamsburg, sold for $20 million. The new development, which is a rental, has some units available, according to StreetEasy. What’s odd about this deal is that the city deed shows the property selling as “INDUSTRIAL BUILDING,” and a check of Department of Buildings records doesn’t show a certificate of occupancy for residential use. Is this because city records are not up to date, or is something else going on here? Who knows.
385 Union Avenue 25% Rented [Brownstoner] GMAP

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Good News! 538 Washington Avenue Has a New Owner



The vacant lot at 538 Washington Avenue in Clinton Hill, close to the corner of Fulton, has found a buyer. Here’s the word on the deal from brokerage TerraCRG, which handled the transaction: “TerraCRG, Brooklyn’s commercial brokerage and advisory firm announced today the sale of the development site at 538 Washington Avenue in Clinton Hill. The approx. 25 ft x 129 ft vacant lot is located on Washington Avenue between Fulton Street and Atlantic Avenue and has a mixed zoning of C2-4/R6B/R7A. The development site has approved plans for a five story, eight unit residential building with plans by Scarano Architects. The footing on the site was installed to qualify for 421-A tax abatement. The plans call for an approx. 9,767 Sq. Ft. building (12,943 Sq. Ft. including the basement) with 1 studio, 3 one bedrooms, 2 two bedrooms and 2 three bedroom apartments, all with outdoor space. The property was sold for $860,000 or $88 per buildable Sq. Ft. (based on the approved plans Sq. Ft.) to a developer who plans to continue the project. TerraCRG represented both the seller and buyer in the transaction.” It’s always good news to hear that a vacant lot will soon be home to a building. GMAP

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Municipal Building Heading to Landmarks Soon



Community Board 2′s Landuse Committee gave it’s blessing to the exterior changes on the first and second floor of the Municipal Building, soon to be cleared out for several retail tenants. Developer Al Laboz and his architect presented plans pretty similar to that of the rendering above: on the first floor, the bases of the windows will be cut to make space for doors and display windows. There will be five entryways along Joralemon and Court Street and all the grates on Court Street will be covered over. Not pictures are the three kinds of signage proposed: illuminated signage on the ground-floor, awnings over the five different entrances on the first floor with lettering on the skirt, and awnings on the second floor with no signage. (They pulled inspiration from multi-story retail lining Manhattan’s 5th Avenue.) They are considering illumination behind the glass on the second floor but, that, as well as the second floor awnings, require special permission from the Public Design Commission. As for those retail tenants: still no word beyond that “upscale restaurant” but CB2 was promised no bank, pharmacy, drug store, or fast food joint. The development’s date with LPC is June 5th.
City Picks Al Laboz to Develop Municipal Building [Brownstoner]

By Emily | | Comment

Commercial Klutch: May Edition



What follows is our latest dispatch from a person who works in Brooklyn commercial real estate:
Tech tenants are the torrid topic today. Our BK Tech Triangle includes two areas almost fully leased, the Navy Yard and Dumbo, leaving downtown Brooklyn to take the heat. Recent DTB successes include NYU’s buyout of 370 Jay Street and the Makerbot lease at One MetroTech. Forest City Ratner making a strong effort to recruit more of these tenants, on the heels of the huge NYU-Poly deal on campus, and the City’s Department of Information and Technology lease last year.

Court and Montague Streets are not yet favored by most tech and creative tenants, and many of the buildings and landlords are unprepared for and ill-adapted to these tenants. Only now are some buildings, which sport the small offices favored by the tech and creative sector, getting wired up with FiOS and Time Warner cable. Copper is for pennies. Or used to be. Certainly some owners are trying, such as 32 Court, which has eleven creative tenants, the highest percentage in the sub-market. 16 Court has attracted a few, but costs and lease strictures make that address challenging. More owners need to step up.

DUMBO flourished due to short term leases, flexible credit requirements and speedy leases. None of these factors are active on Court and Montague.

Owners are often inflexible and/or old fashioned, out of touch with the business sector under discussion – the fastest growing sector in Brooklyn, predicted to double in the next few years. Where will these tenants go? Will tenants just bypass DTB and and go to Sunset Park and Crown Heights? If it is not working, change what you are doing.
Photo above: 32 Court Street

By Gabby | | Comment

Open and Shut



Park Slope
We spotted a fashion boutique open this week in the ground-floor space of condo-turned-rental 9 St. Johns. Here’s Park Slope shares a few details: “There’s no visible name to speak of and no online presence yet (and they weren’t open yesterday at 5), but with an advertised rent of $8K/month, it’s nice to see that it didn’t end up becoming a real estate office or Pearle Vision.” HPS also notes a few openings ’round the neighborhood: sandwich/salad/wrap joint Pure Bistro opened opened on 5th Avenue, near Warren, A Shoe Grows in Brooklyn is open on 7th, fro-yo joint Yogurberry will open this Friday at the corner of 5th and Prospect, and Aarpan Cuisine opened its doors at the old Mezcal’s space on 5th Avenue.

Williamsburg
An “artisanal snocone and sweets shop” going by the name of Handsome Dan’s Stand opened in the Williamsburg Mini Mall at 218 Bedford Avenue. Some flavor samples: thyme dream, rose pomegranate, and chili passion fruit. Grubstreet reports that Sweetleaf Coffee, a popular cafe in Long Island City, opened Monday at Kent Avenue and North 6th Street. The owners of the “Bukowski-homage whiskey den Post Office” will open a restaurant/bar at 141 Broadway in the South Burg. The menu will lean toward seafood. And finally the Brooklyn Paper sketches the scene at new bar Tender Trap, 245 South 1st Street between Roebling and Havemeyer streets. Over in Greenpoint, the Pie Corps will sell pie out of a store on Driggs Avenue at the beginning of June.

Elsewhere
Eater digs up all the details about the Littleneck expansion in Gowanus. The new place, which will have a more land-based menu that its clam shack counterpart, is called The Pines. It should open early July. Also in Gowanus, GYFA notes that the sports bar 383 Bar and Grill and record store Sector Records have closed. The Irish Pub moving into 139 Montague Street in Brooklyn Heights will be called Custom House, says BHB. The tapas bar planned for awhile now by Vanderbilt Avenue’s Plan B, now named Cork will open next month in Prospect Heights.

By Emily | | Comment

Price Tag for 30 Henry Street? $3.5 Mil



We’ve known for a long time that a Dumbo-based developer purchased 30 Henry Street in Brooklyn Heights, also known as the Brooklyn Eagle building, and has plans to redevelop the property that have already been approved by the Landmarks Preservation Commission. What was not known until brokerage Massey Knakal sent out a press release today was how much the property’s new owner paid. Via the press release: “[We are] pleased to announce that a historic district development site located at 30 Henry Street has sold for $3,500,000 or $209 per buildable square foot. The subject property is a development site located on the corner of Henry Street & Middagh Street. The site is located in a R7-1 zone w/ a C1-5 overlay, allowing for a total of 16,740 buildable SF.” The asking price was $3 million.
LPC Designates Bank, OKs 30 Henry Street Design [Brownstoner]
30 Henry Application Returns to Landmarks Tomorrow [Brownstoner]
No Decision From LPC on 30 Henry Build [Brownstoner]
Renderings Revealed for 30 Henry Street [Brownstoner]
30 Henry Street Chasing a Waterfall [Brownstoner]
Brooklyn Eagle Building on the Market [Brownstoner] GMAP

By Gabby | | Comment

The Upstater: Commercial Properties for Sale


Every Friday at 11:00, the Upstater website brings you a selection of properties for rent and sale within three hours north (and a little bit east and/or west) of New York City. This week: businesses and commercial properties for sale in upstate New York.

Think NYC has a monopoly on food carts for the gourmand? Not so. Hudson has a very popular and delicious taco stand, Tortillaville, and, you guessed it, it’s for sale. Asking price is $175,000, and the hours it’ll take to make that back seem pretty sweet. Per the owner: “the business, in just six months, working four days per week, from 11AM to 7PM, or a total of just 76 days, earned enough for its partners to take the entire Winter season off.” The business has loads of fans, and the current owners will teach you the recipes.

—–

The current owners of this theater in downtown Margaretville — Brooklynites in the entertainment business — had grand plans to reinvent it as an art cinema (for all that this lovely town has to offer, it’s still an hour from a good flick). But both of them have had so much career success as of late (one’s movie is doing well on the festival circuit, the other just had a pilot picked up) that they no longer have time. (more…)

By upstater | | Comment

Steiner Goes Big in Carroll Gardens



OK, we’ve got a purchase that just hit public records that will probably make it to the top-10 biggest commercial real estate deals of 2012 in Brooklyn: Doug Steiner purchased 204 Huntington Street in southern Carroll Gardens for $24.5 million, according to city data. The large rental property has frontage on Court Street and, if memory serves, recently saw some capital improvements. The property has 60 units. A current listing for a three-bedroom is asking $4,100. The building last sold for $22 million in 2005. GMAP

By Gabby | | Comment

Century 21 is Opening at City Point on the Fulton Mall!



Hey hey, there’s finally word on the biz that will be the anchor tenant for the first phase of City Point in Downtown Brooklyn: According to an article in the Journal, news that Century 21 is taking space in the new building is going to be announced today. The retailer doesn’t intend to open in the location until fall of 2015, but the story notes that it is set to be twice as big as its Upper West Side location. The article also says that the agreement cements City Point’s developers’ ability to start moving forward on the second phase of the project this summer, “675,000 square feet of retail and commercial space and 690 new market-rate and ‘affordable’ apartment units at Dekalb and Flatbush avenues,” and perhaps puts some wind at the back of the third phase, which is slated to be the tallest residential tower in Brooklyn. The transformation we’re witnessing of the Fulton Mall—and the larger Downtown area—is nothing shy of historic for Brooklyn. Here’s the article’s quote from Tucker Reed, president of the Downtown Brooklyn Partnership, on the news: “Fulton Mall…was always the place where Brooklynites came to shop and bump up against each other. …Century 21 is a discount department store for Brooklynites who want to be able to shop at discount prices.” UPDATE: Tom Montvel-Cohen, a spokesman for the developers, has this to say: “[Century 21] is not going to take up all of phase one…it will be in both phases…we expect to be announcing exciting retail tenancies that will be opening in 2012 in phase one.”
Dressing Up Fulton Mall With Style [Wall Street Journal]

By Gabby | | Comment

Open and Shut



Gowanus
Gowanus Your Face Off reports (and took the picture above) of a new restaurant coming from the Littleneck crew. They are renovating a space a few doors down from Littleneck Clam Shack (the old Tony’s bagel space) and plan to open it up in July. The food and drink concept isn’t yet set in stone, but GYFA guesses it’ll be a tapas bar.

Park Slope
Lots of shutters and openings this week in the Slope. First, a sad closing: the owners of Bob and Judy’s Coollectibles are moving to California and closing up shop in July, after 15 years in business. The knitting supply and gift shop Brooklyn Mercantile closed on 5th Avenue after a rent hike. Flatbush Avenue’s Carlton Park is now open, as well as Skylark Bar on 5th Avenue and 11th Street. Die Koelner Bierhalle, the beer hall at St Marks and 4th Avenue, is getting close.

Williamsburg + Greenpoint
My Moon, a once-Turkish restaurant at 184 North 10th Street, got a new chef who is experimenting with flavors from Barcelona, says the Brooklyn Paper. Grubstreet posts a slideshow of Beloved, a bar now open on Manhattan Avenue. Norman’s Sound & Vision is moving from St. Marks Place, in the East Village, to an undisclosed location of Williamsburg. And Gothamist tours Donna, a late night bar (with a food menu) open on Williamsburg’s southside, 27 Broadway.

Elsewhere
Dumbo NYC reviews Dumbo Kitchen and reports that the made-to-order sandwiches (named after building addresses in the neighborhood) are tasty. The Treats Truck opens this Saturday on Carroll Gardens with an opening day party on Saturday. A “halal Chinese and Afghani cuisine” restaurant is opening on Coney Island Avenue near Newkirk, writes Ditmas Park Corner. Bar and restaurant owners seek to open up a sports tavern on a previously troubled area of Rockwell Place in Downtown Brooklyn.

By Emily | | Comment

MetroTech Gets Its First Actual Tech Company


MakerBot, the red-hot start-up that has been producing consumer-grade 3-D printers on 3rd Avenue and Dean Street for the past couple of years, made headlines today by signing a lease for a big new office space in Downtown Brooklyn. What’s so surprising is where the tech company signed its full-floor lease: One MetroTech. It’s hard to imagine a less hip spot, but at the end of the day it was all about space. Dumbo’s basically full at this point–there certainly isn’t enough room to handle MakerBot’s 125-person workforce–and Sunset Park is too inconvenient. (And 1000 Dean‘s not ready yet!) So MetroTech it is. It’ll be interesting to see if the decision can help rebrand the cluster of commercial buildings into something cooler than back-office space stocked with mid-level suits. The folks behind the recently branded Brooklyn Tech Triangle Initiative certainly are hoping so.
Putting the Tech in Metrotech [Wall Street Journal]
MakerBot Picks Up Stakes and Heads for Downtown Brooklyn [BetaBeat]

By Brownstoner | | Comment

What Sort of Retail Will 470 Vanderbilt Get?



As reported by several outlets over the past couple of days, retail spaces are being marketed in 470 Vanderbilt, the war horse on Vanderbilt between Atlantic and Fulton that’s in the process of getting spruced up and will house the HRA within the next year as well as other, private-sector office tenants. The location, obviously, is quite close to Barclays Center, and one of the brokers involved, Daniel Blumberg of GFI Realty Services, told us that he hopes to land retail tenants that will appeal to arena-goers; residents of Clinton Hill, Fort Greene and Prospect Heights; and tenants of the building and their visitors. “We’re definitely reaching out to food retailers,” says Blumberg, who added that he would like to see a version of “Eataly, but on a smaller scale.” The two spaces being marketed are a 7,150-square-foot corner space and a much larger, 14,000-square-foot space that’s mid-block and not connected to the corner space.
GFI Brings Atlantic Yards Retail Corner to Market [Real Estate Weekly]
HRA’s 470 Vanderbilt Move-in Date Pushed Back [Brownstoner]
Development Watch: 470 Vanderbilt Ave. [Brownstoner]
HRA Getting Lease at 470 Vanderbilt [Brownstoner] GMAP

By Gabby | | Comment

Open and Shut



Carroll Gardens
We noticed that the 16 Handles signage, which caused quite a stir in the neighborhood, was replaced with something less garish. But this signage looks temporary, so who knows! And Pardon Me for Asking wonders if Vinzee’s Magic Fountain, the burger joint on Court Street, is kaput. The hours were erratic and now neighbors noticed its not open at all.

Park Slope
The expansion of Zito’s Sandwich Shop is confirmed for the Coney Island Boardwalk! Here’s Park Slope talked to the owner, who signed a three year lease to open a 140-square-foot sandwich stand right near Luna Park, from Memorial Day to Labor Day. Flea favorite People’s Pops opened its brick and mortar storefront at 808 Union Street with five types of ice pops and two shave ice flavors on hand. The Pink Berry construction site on 7th Avenue was slapped with a Stop Work Order. Happy Taco, at the intersection of Park, 7th, and Flatbush Avenue, was shuttered by the DOH. Grab Specialty foods opened with a new name (The Plougman) and new management. And Casa Ventura opened in a (possibly cursed) storefront on the corner of 7th Avenue and 3rd Street. Here’s Park Slope gave the place a thumbs up: “Judging by the food, decor, and service, all signs point to us having a real winner on our hands here.”

Elsewhere
Ditmas Park Corner notes that Lark Cafe will move into 1007 Church Avenue (next to the AM Thai Bistro) and serve Stumptown coffee, pastries, sandwiches, soups, and salads come June. Lost City reports good news that Leske’s Bakery, the last Scandinavian bake shop in Bay Ridge that closed last year, will reopen in the same location this month. Greenwood Heights residents worry about the massive beer garden under construction on 7th Avenue. The joint has not applied for a liquor licence from the Community Board yet. The cursed storefront corner of Dumbo which once housed Choice and The Gallery is now Dumbo Kitchen. It serves pizza and sandwiches. Carol’s Daughters, a successful bath and body shop from Fort Greene, closed its flagship location at 1 South Elliott Place. Says Patch: “The closure marked the departure of a key black-owned and operated business from the traditionally African-American brownstone-lined streets of Fort Greene.” And Eater wonders if popular Spanish chef Jose Andres is planning a restaurant somewhere in Brooklyn.

By Emily | | Comment

Brooklyn Sales May Top $2B for First Time Since ’08



Commercial real estate firm Massey Knakal released its first quarter 2012 property sales report, and while it basically shows a stable market citywide, the stats for Brooklyn stand out:

• 189 properties sold in 1Q12, a 13% decrease from 4Q11, but an increase of 12% from 1Q11
• 147 transactions occurred, down 19% from 4Q11, but a 5% increase from 1Q11
• The aggregate sales consideration in 1Q12 was $683 million, up 11% from 4Q11 and double that of 1Q11. If predictions hold true, annualized sales consideration will top $2B for the first time since 2008

In the report, Bob Knakal, Massey Knakal’s chairman, has this to say: “In the first quarter of 2012 the property sales market in New York City continued to perform at essentially the same modest levels seen in the fourth quarter of 2011. …The results were disappointingly not better and simultaneously happily not worse. They were disappointing because we expected a natural gravitation toward long term trends which should have pulled all markets up from relatively low levels. However, we were happy that things weren’t worse because both the dollar volume of sales and the number of properties sold, had been trending lower in recent quarters. That trend apparently is apparently slowing.”
Q1 2012 Property Sales Report [Massey Knakal]

By Gabby | | Comment

H&M Building Starts Rising on the Fulton Mall



Thanks to the tipster who sent in this photograph of the steel frame of H&M at the Fulton Street Mall. This site had been a hole in the ground since January of 2011. In his words: “They started building the steel structure about a week ago and have been working at night with a big crane. However, demolition is not complete on the site, there are still a few lower floors of two older buildings in the corner of the site that seem to be tricky to remove.” We wonder if construction workers will build around those lower floors, considering the demolition permit approved way back when was only for a partial demo. Now, Al Laboz isn’t exactly known for speediness when it comes to his many development projects, but perhaps we’ll see a store open here before the year is out.
H&M Marks its Territory on the Fulton Mall [Brownstoner]
Construction Begins on H&M Site [Brownstoner]
H&M Site Ready for Construction [Brownstoner]
H&M Site Breaks Ground on the Fulton Mall [Brownstoner]

By Emily | | Comment

Open and Shut



Dumbo
Reported by Dumbo NYC, the Brooklyn Roasting Company is tripling its size. Dumbo NYC, who thinks this is the best coffee and espresso in the nabe, says: “They’ve taken over the space next door at 25 Jay Street and working on adding more production equipment as well as more craftsman furniture.” Across the street, a healthy Mediterranean restaurant called Punto Bianco opened at 20 Jay.

Carroll Gardens/Cobble Hill
Patch writes that a tutoring service has taken half the space once occupied by Sweet Melissa, at 276 Court Street. Pardon Me For Asking talks to the new owner of Court Street Pet Food and reports that Community Board Six denied a sidewalk cafe for Buschenschank, the beer pub at 320 Court Street. Finally, Realty Collective writes that the closing date for Quercy, who has been at 242 Court Street for nine years, is on Saturday, April 28th. We previously reported that an Ethiopian joint is moving in. Finally, you know it’s spring when Gowanus Yact Club opens its doors and gets the ball rolling for outdoor drinking.

Park Slope
Park Slope favorite Zito’s Sandwich Shop is eyeing a space on the Coney Island Boardwalk, reports Amusing the Zillion. Here’s Park Slope tells readers that the Park Slope Academy of Brazilian Jiu Jitsu will open at 518 Fifth Avenue on Saturday with a “blowout celebration.” Z-7 Classic Diner opened on Flatbush, Triangle Sporting Goods is selling off what’s left before it closes, and L Train Vintage is coming to the old Blockbuster space on 5th Avenue.

Williamsburg/Bushwick
Racked writes that Burg Boutique Love Brigade is taking a sabbatical and “allowing the Universe to pull the brand to its destiny.” A new boutique called Eco Closet is moving in. Grub Street has details on Well and the Wick, a huge beer garden/concert space planned for an old Bushwick brewery. No word on when it’s actually opening!

By Emily | | Comment

Jehovah’s Strip Tease in the Heights Continues



Yesterday Crain’s reported that 183 Columbia Heights, the last of three Jehovah’s Witnesses properties brokerage Massey Knakal was marketing, sold for $6.6 million. A managing member of the group of investors that purchased the property had this to say: “Mr. Mitchell said the deal is seen as the first of many in the borough for the group as it intends to build a multi-family portfolio there. His group has primarily focused on developing condo and commercial properties in Manhattan as well as Miami. ‘We are actively looking at properties in Brooklyn Heights, Cobble Hill, Dumbo, Vinegar Hill and Boerum Hill,’ said Mr. Mitchell, adding that Brooklyn is no longer considered a secondary place to live.” The building at 183 Columbia Heights is a seven-story, elevator apartment building, according to the article. Over the summer the Jehovah’s Witnesses put several of their Heights holdings on the market via Corcoran and Massey, and at this point at least half have sold. None of the organization’s huge buildings in the Heights or Dumbo have been put up for sale yet, though.
Group With Big Brooklyn Plan Snaps Up Property [Crain's]
Photo by PropertyShark

By Gabby | | Comment

Commercial Klutch: Tenants Face Atypical Space Crunch



Our masked and anonymous soldier in the Brooklyn commercial real estate trenches files this month’s report on what he/she is seeing in the field. The latest column is particularly timely given yesterday’s Crain’s article about Dumbo’s continued status as a “tech hotbed.”

Is the unthinkable happening? Are tenants moving to or returning to the small island across the east river, leaving our big island behind, as commercial space in Dumbo becomes nearly impossible to find?

Tenants seeking space from 500 to 1500 RSF are the bulk of the booming demand around here. Most can’t find decent space this spring. The main “supplier,” Two Trees in Dumbo, is supply short and using most ‘smalls’ for their own internal demand. Even Court Street, historically slow moving, saw 32 Court lease three 900 RSF spaces within a few weeks this year.

Reflecting the rapid decline retail and apartment inventory, commercial offices had been plentiful until last year’s steady draw down. While there is usually something out there, and owners building out new footage as fast as they can, at any given moment the game of musical chairs finds tenants competing for limited seating, festival style. Gowanus, Fourth Avenue and even Sunset are bubbling, with few options even in these edge markets.

One wrinkle – generally creatives decline DTB space.They prefer to herd. That may slowly change as other options sell-out and DTB evolves further.

The new 1000 Dean Street should help out in 2013, drawing from new businesses in Prospect Heights, Bed-Stuy, Crown Heights, Park Slope and beyond, as well as relieving some pressure on Dumbo.

Vinegar Hill, a block from the Manhattan Bridge overpass, has the newly restored 231 Front Street, with a dozen tiny spaces and more smalls coming on line this summer.

Office rents in the great Willie-B approach $40 a foot, when they can be found. Not for the faint of ‘cart’ – $$ that is. The top Gowanus multi-story buildings can get $20 a foot if they ask – where Dumbo was at several years ago.
Previous editions of Commercial Klutch can be read here.

By Gabby | | Comment