Landlords Give Sandy-Damaged Tenants a Break


red-hookLandlords in Coney Island, Red Hook and Dumbo are helping out their Sandy-ravaged commercial tenants with rent and other aid, DNAinfo reported. Thor Equities has lowered rents by as much as 40 percent on Surf Avenue in Coney Island, benefitting Brooklyn Rock and Wampum, among others. Red Hook landlord Gregory O’Connell, whose own business moved back into its Red Hook HQ only last week, has offered low-interest loans and rent abatements to tenants. Two Trees Management in Dumbo has also been letting tenants pay rent later and talking to insurance companies on their behalf, as well as helping out with property repairs.
Brooklyn Waterfront’s Landlords Forgo Rent to Keep Sandy-Ravaged Tenants [TRD]
Photo by Lock

By Cate | | Comment

Open and Shut



North Brooklyn
A gas station at 445 Troutman Street in Bushwick will become an eating/drinking establishment. Wyckoff Heights reports that the space, pictured above, will be transformed into a “country-style” restaurant by the new musician owners. Photo by Wyckoff Heights. A shop called BKLYN Curated is open at 88 Franklin Street in Greenpoint. Bushwick Daily checks out Falansai, a French–Vietnamese restaurant that is now open on the corner of Porter Avenue and Harrison Place.

Crown Heights
Brooklyn Based tests grilled cheese sandwiches at Glady’s, the new grilled cheese specialty restaurant on Franklin Avenue. And a Brooklynian commenter reports that Lula Bagels is opening on the corner of Nostrand and Lincoln. Lula will serve bagels, coffee, pastries, fresh bread, and paninis starting in June.

Elsewhere
Long-in-the-works Italian restaurant Mezini should open in Park Slope in about a week. A cafe called Tip of the Tongue is opening in Prospect Lefferts Gardens next week; it’ll serve take-out food and coffee. 773 Lounge on Coney Island Avenue in Ditmas Park is opening a kitchen next week. And Prospect Heights Patch reports that the southern restaurant Elberta’s is expanding into the space next door.

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New Commercial Building Rising at 468 Baltic Street


468-Baltic-Street-Brooklyn-051313
There’s a new three-story building on Baltic Street between Bond and Nevins streets. According to the DOB permit, the new structure will have about 9,400 square feet of space and be devoted to light manufacturing. This is interesting if for no other reason than it’s rare to see someone building a new commercial building in this part of town these days. As far as we can tell, most longtime landowners around here — and farther in Crown Heights, for example — are sitting around waiting to cash in for a residential rezoning. GMAP

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Lululemon Opening This Summer at 166 Smith Street



Boerum Hill is getting a Lululemon outlet this summer. The upscale athletic store will open on the ground floor of 166 Smith Street, the former Smith Street Bunker that is undergoing a condo conversion. Back when the above rendering surfaced, Lululemon never confirmed its impending retail presence. But a tipster recently noticed Lululemon signage going up at the commercial space, and this article from Well + Good confirms it. They report that this will be Lululemon’s first “full-service” store with in-store classes and weekly run clubs. It should open by June. In the meantime, Lululemon will close its Park Slope location at 472 Bergen Street. According to Well + Good, the Park Slope outlet will hold a goodbye putluck dinner on Sunday, May 18th.
Lululemon’s New Brooklyn Store is Slated to Open in June [Well + Good]
How the Smith Street Bunker Will be Transformed [Brownstoner]
Work Begins at Former MTA Property 166 Smith Street [Brownstoner]
MTA Sells Smith Street Eyesore [Brownstoner]
Three Brooklyn Winners on AMNY’s Most-Fugly List [Brownstoner] GMAP

By Emily | | Comment

Open and Shut



Coney Island
The Coney Island Mermaid Parade may be cancelled this summer because the organizers have so much debt due to Hurricane Sandy. Just this week a Kickstarter campaign popped up with a goal of $100,000 to fund this year’s parade. More than $20,000 has been raised in a few days. Photo by Luna Park Coney Island. And more sad news from Coney: A fire broke out at Nathan’s Famous, still under construction since Sandy. Luckily the fire was under control within 20 minutes, although there’s no word how badly it damaged the building.

Park Slope
Beer Table closed its locale on Seventh Avenue between 14th and 15th; it’s reopening in a new, unannounced location. The owner of the old space already has another business lined up that will likely be food related. The 4th Avenue cafe/bar Supercollider is finally open, and the grand opening party was last Saturday. And Chinese takeout joint Far East Restaurant will open in the old Sun Bo Bo space at 471A 5th Avenue on May 9.

North Brooklyn
Bar and seafood restaurant The Bounty is open at 131 Greenpoint Avenue. Right now they’re serving a limited menu but plan to open the full kitchen soon. Grub Street checks out Bushwick’s newest bar/restaurant Sweet Science at 135 Graham Avenue. The menu features burgers, fried chicken, and some fun bar snacks. And the restaurant Desnuda opened in Williamsburg at 221 South 1st Street. It’s serving ceviches, tea-smoked oysters, and creative cocktails.

Elsewhere
Eater floats a rumor that the chefs behind Battersby are eyeing the old Vinzee’s Magic Fountain space on Smith Street to open a Carroll Gardens restaurant. Popular Crown Heights vegan spot Imhotep’s has closed on Nostrand Avenue. And a yogurt joint is moving into 800 Franklin Avenue near Eastern Parkway. Just north over in Bed Stuy, two brothers are opening a bar called Dynaco at 1112 Bedford Avenue. Finally, Rihanna’s hair stylist is opening a hair salon at 66 Lafayette Avenue in Fort Greene.

By Emily | | Comment

Amazon Photo Studio Build-Out Under Way at 35 Kent



Last November, word got out that online retailing behemoth Amazon was renting a 40,000-square-foot warehouse on Kent Avenue in Williamsburg to create a facility for photographing the zillions of products it sells on its website. At the time, a spokesperson for the company did have this to say about the location: “We think of it as joining an emerging neighborhood that’s known for its creative talent and community. It’s going to be a mecca — we hope — for creative talent.” The exact location was not disclosed, but it won’t come as any surprise to anyone who’s ridden a bike up Kent recently and taken note of the construction project under way between North 11th and North 12th Streets to learn that the address for the project is 35 Kent Avenue. According to the building permits, the renovation is a “Type One application for change in use and enlargement from glass manufacturing to photo studio and offices.” The project cost estimate on the application is for $4.16 million, so it’s safe to assume the actual cost will probably be north of $5 million. GMAP

By Brownstoner | | Comment

Plenty of Interest in the Coignet Building


It looks like Whole Foods will not buy the historic Coignet stone building on the corner of 3rd Avenue and 3rd Street after all. The New York Daily News reports that a number of national retailers, local stores and nonprofits are eyeing the property, which hit the market this January. The 140-year-old year old landmark is asking $3 million. Whole Foods is still under agreement to restore the exterior of the rundown building and plans to finish the window and façade repairs after the store has opened, hopefully this fall. They have finished work on the roof. For good measure, the Daily News gets a comment from an upset resident who does not think retail space is appropriate “at the foot of a toxic waterway.” Whole Foods has agreed to build the store 8 feet above the 100-year flood plain.
Historic Coignet Building Attracting Interest From Retailers [NY Daily News]
3rd Avenue’s Coignet Stone Company Building up for Sale [Brownstoner]
Photo via PMFA

By Emily | | Comment

Open and Shut



North Brooklyn
LES institution Max Fish is moving to Williamsburg. According to Eater, “The bar will close in late August and look to reopen in Brooklyn soon thereafter.” The owner, who ran through his three-year extended lease after previous issues with the landlord, is looking for a space on Metropolitan Avenue. Photo by russbengtson. A Korean restaurant called Little Dokebi will open in June on the corner of Driggs and Monitor. Also in Greenpoint, the American bar/restaurant Alameda is now open on Greenpoint Avenue.

Park Slope
Let’s Yo!, a yogurt chain, is coming to the retail space at the Barclays on Flatbush Avenue just east of Fifth. Starbucks is open in the old Five Guys space on Park Place and Flatbush Avenue. Forty Weight Cafe closed in the South Slope, but are looking for new locations in the same area. Hotly anticipated bar/cafe Supercollider had to delay its grand opening by one week. And a sushi joint put up signage at 847 Union Street — no official opening date yet.

Elsewhere
Get your summer drink on: the Gowanus Yacht Club has officially reopened for the season. Mini chain Bare Burger opened in Cobble Hill, on Court Street, last week. Eater pins down the Red Hook location of Frank Falcinelli and Frank Castronovo’s latest restaurant: 372 Columbia Street. Also in Red Hook, restaurateur Erin Norris is trying to fund a sausage and beer garden after plans were derailed due to Hurricane Sandy.

By Emily | | Comment

Commercial Interest for 112 Emerson Place



The other week we posted the finished facade of 112 Emerson Place, noting “it’s nice to see this stretch of Myrtle continue to receive investment.” According to the commercial broker in charge of the building’s retail space, it won’t be long until the ground floor is full. He says, “Thus far, we have registered interest from several local operators as well as two national franchises. We are hoping to find a tenant that will address the needs of the immediate community and the residential tenants above.” The store is 1,100 square feet on the ground floor and asking $6,200 a month. Here’s the marketing flyer from CPEX. The development itself will a rental building, although there’s no date yet when residential marketing will begin.
112 Emerson Place Finishing Up [Brownstoner]
New Building for Myrtle and Emerson Corner [Brownstoner]
GMAP

By Emily | | Comment

Tech Firms Move Downtown



Tech firms have traditionally flocked to Dumbo and, more recently, the Navy Yard, but now they are embracing Downtown too, reported The New York Post. In the past eight months, 11 tech firms have set up shop Downtown, including four at MetroTech, said the Downtown Brooklyn Partnership. Six more have signed leases at 325 Gold Street and 33 Flatbush Avenue. Homer, which makes apps for babies, and MakerBot, the 3-D printing company, are among those who recently made the move. Tech firms are more willing to consider Downtown because Dumbo and the Navy Yard are full, with long waiting lists. It doesn’t hurt that the area has good transit options, too.
Technically, Brooklyn’s Booming [NY Post]
Photo by Eugene Gannon

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Construction Under Way on T.J.Maxx at 505 Fulton Street



Although rumors go back to 2011, it’s been official news since early 2012 that T.J.Maxx was going to be setting up shop on the two lower floors of 505 Fulton Street, the 300,000-square-foot mixed-use building in Downtown Brooklyn. Owned by United American Land, the developer with multiple holdings on the Fulton Mall as well as the Municipal Building, the historic building will have more than 200,000 square feet of luxury residential space on the upper floors. When we passed by on Tuesday afternoon, it was apparent that work on the T.J.Maxx space was going full-bore, with windows out and portions of the lower facade temporarily removed for repair. The landmarked Romanesque Revival structure is also known as the Offerman Building. For some history on the building, click here. For a closeup of the current construction work, see below.
A T.J.Maxx Will Open on the Fulton Mall [Brownstoner]
505 Fulton Street Looking for Upscale Tenants [Brownstoner]
Development Watch: 505 Fulton Street [Brownstoner] GMAP
505 Fulton’s Transformation to Residential Begins [Brownstoner]
(more…)

By Brownstoner | | Comment

Open and Shut



Hurricane Sandy
Popular Red Hook watering hole Sunny’s has been rebuilding since Sandy hit in October and is aiming for a June opening. They are holding a May Day benefit at the Bell House to help raise runds for the last of the work. You can buy tickets to the event, which takes place May 1, here. Photo by michele y. Last week, the liquor store Dry Dock quietly reopened at its original storefront on the corner of Van Brunt and Van Dyke; it had temporarily relocated up the street after Sandy. And in Coney Island, NY1 checks up on a Neptune Avenue body shop that needed a month and a half to reopen after the storm.

North Brooklyn
Williamsburg’s first med spa opened at 47 North 4th Street this week. Brooklyn Based posted the spa’s entire press release in all its glory: “After all, even hipsters want Botox,” it says, as well as, “So for the Brooklynite who may be regretting that full sleeve and in need of laser tattoo removal, or simply seeking a bit of pampering after a hard week doing the hustle and grind, N4 offers everything from organic seaweed leaf wraps to an Infinity Sun Tan, for a full spa and med spa experience.” Zagat checks out Isle of Skye, a new Williamsburg bar serving over 200 bottles of Scotch. The Scottish pub is located at 488 Driggs Avenue, with the owners already eyeing an expansion to Park Slope. And the plywood is down at Motorino Brooklyn, opening later this year at 191 Broadway.

Park Slope
Signage is up on the Flatbush Avenue Starbucks and the old Fornino space will likely go to a chain restaurant. Are chains taking over the Slope? Not entirely: The Brooklyn antiques/gifts shop Sterling Place will open its third location on Seventh Avenue between Garfield and Carroll. And South Slope bar Supercollider, under construction at 609 4th Avenue, will open up this Friday for biz. It’ll be a cafe/bar hybrid, although the bar won’t have its grand opening until May 4.

Elsewhere
Cake Man Raven is considering Bed Stuy for his new Brooklyn location, after he shuttered the bakery in Fort Greene in November 2012. Upscale home goods store Dunham Home opened up shop in Cobble Hill, at 213 Court Street. A food truck lot opened up in Dumbo this week — you can follow @dumbolot on Twitter to keep track of participating trucks. Finally, Grub Street got an early peek at Glady’s on Franklin Avenue, Crown Heights‘ newest grilled cheese restaurant.

By Emily | | Comment

City Point Watch: April Edition


Today we bring you the first of a monthly photo series documenting the huge, multi-year construction project under way at City Point. When completed, the mixed-use development will include more than 1.8 million square feet of retail, entertainment, food, office and residential space on the corner of Flatbush Avenue and Fulton Street. The first phase of the project, located at 1 DeKalb Avenue, opened this fall with an A/X Armani Exchange store. Construction on Phase Two started last year and should wrap in the fall of 2015. (No timeline has been set yet for Phase Three.) Phase Two consists of a 670,000-square-foot retail center — it will be Brooklyn’s largest — under two residential towers. Together the two towers will have 690 units, 125 of which will be affordable apartments. Right now workers are digging down two levels below grade to pour the foundation on the 90,000 square foot site. They are moving from south to north, and as excavation is completed on one part, concrete work follows. That’s the back side of Phase One of the project at the far end of the work site, above. Below, workers install rebar to reinforce the foundation.
Photos by Rick Sechrest for City Point (more…)

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Open and Shut



Park Slope
Here’s Park Slope spotted signage for the Brooklyn Skybox, a “sports viewing experience” near the Barclays Center. We hear that the exact location is 604 Pacific Street, right off Flatbush Avenue, where it will open by the end of this year. The owner, Michael Drummond, plans to set up a restaurant, rooftop dining, big-screen TV and arcade. He’s also in touch with the North Flatbush Avenue BID with the assurance that the venue is community friendly and will be a good neighbor. Here’s the Facebook page for the new space. Photo by Here’s Park Slope. Eladia’s Atelier just opened at 264 Flatbush Avenue. It’s a new dance, art, and music studio for children that also offers classes with parents and after school programs. Parents can register their kids for classes now. Kahawa Cafe, a bakery on the corner of 5th Avenue and 15th Street, reopened after a five month absence. Dragonfly Boutique, which sells men’s and women’s clothing, held its grand opening last weekend at 145 5th Avenue. Fusion City, a Chinese-Indian fusion joint, is open at 310 9th Street. This space near the subway has had an eclectic variety of restaurants come through in the past few years.

North Brooklyn
Grub Street gets the first look at newly opened Fatty ‘Cue, which is back after closing twice for renovations. The bar Over The Eight moved into 594 Union Avenue, the former Royal Oak space. Over The Eight is planning readings, art shows, dance parties, food and music. The dance club TBA has opened in a former auto repair garage at 396 Wythe Avenue, at South 6th Street. And La Villita, a Mexican bakery on the corner of Grand Street and Bedford Avenue, recently closed after the rent went way up. They had been at that space for 17 years.

Ditmas Park
New Ditmas cafe Coffee Mob will hold a soft opening this Saturday at 1514 Newkirk Avenue, on the corner of East 16th Street. And the under-construction Milk and Honey Cafe has taken down its scaffolding.

By Emily | | Comment

Marketing, But No Work, for Slope Conversion 800 Union



A reader got ahold of a flyer about commercial space available at 800 Union Street, a Park Slope rental conversion gearing up for a 2014 fall launch. Currently the building is a six-story parking garage; check out a picture of its current incarnation after the jump. As this Real Deal article noted last month, Midwood Investment & Development will convert it into a 28-unit residential building with eight one-bedrooms, 16 two-bedrooms and four three-bedrooms. The flyer says there will be 11,153 total square feet of retail space available, ready for occupancy in the fall or winter of 2014. As for the residential portion, the Department of Buildings has not yet issued permits for any conversion work. GMAP (more…)

By Emily | | Comment

Open and Shut



North Brooklyn
Fornino has marked its territory in Greenpoint! Signage went up just yesterday on the second Fornino location under construction at 847 Manhattan Avenue. The first Fornino is located on Bedford Avenue in Williamsburg, and they will also operate in Brooklyn Bridge Park this summer. The owner told us that this Greenpoint location should be open by the summer. And over in Williamsburg, Old Fellows Ice Cream Co. will open this summer at the corner of North Third Street and Kent.

Park Slope
On Monday evening the new, larger Franny’s space opened at 348 Flatbush Avenue. The menu’s the same but there are twice as many seats and a downstairs room that can be reserved for private parties and larger groups. The owners will open an Italian joint, called Marcos, in the old Franny’s space this spring. Baluchi’s, the Indian restaurant on Fifth Avenue, was shuttered by the Department of Health. This is the second time it’s happened in a two year period. Here’s Park Slope hears a rumor that Brooklyn-born actress Debi Mazar and husband Gabriele Corcos are eyeing the old Fornino space to open a new restaurant. Popular microbew destination Beer Table is expanding to a unannounced larger location in the neighborhood, where they will have a full kitchen and more seats. And Tommy’s Famous Cheesesteaks and Pizza will open in the South Slope in the next few weeks.

Elsewhere
Fork in the Road takes a tour of just-reopened pizza joint Totonnos in Coney Island. Also in Coney, the New York Aquarium has set a date to reopen: May 25. Brooklyn Slate Company, a cheese board and coaster purveyor, has opened a Red Hook showroom at 305 Van Brunt Street. A tea and coffee spot called Teafee opened at 517 Court Street in Carroll Gardens. Their grand opening celebration will be Saturday, April 13 and Sunday, April 14. In Downtown Brooklyn, a pub and restaurant called the Brooklyn Brewhouse opened on Duffield Street just off Fulton Mall. In Clinton Hill, the Tibetan shop 21 Tara moved from Clinton Avenue to 388 Myrtle Avenue. And the Kohl’s department store in Bensonhurst reopened last Sunday after having to shutter from Sandy.

By Emily | | Comment

Developer Snaps up Big Site Downtown



The unusually large development site at 300 Livingston Street downtown, currently being used for parking and retail, has been sold to developer TF Cornerstone for about $75 million, Crain’s reported. Under current zoning, the developer could build a residential tower of up to 600,000 square feet on the spot. “The deal is one of several development parcels to trade hands in recent months, as builders have become eager to get in the ground again with residential projects to meet rising demand and prices,” noted the story. Current tenants include Subway, IHOP, Papa John’s and Enterprise Rent-A-Car. What would you like to see in this location?
Developer Pays $75M for Downtown Brooklyn site [Crain's]
Huge Downtown Site up for Grabs [Brownstoner] GMAP
Photo by Massey Knakal

By Cate | | Comment

Bed Stuy Linen Building Sold as Development Site



Yet another old industrial building in Brooklyn may soon be converted or torn down to make way for mixed-use residential, The New York Post reported. The 19th-century brick building at 835 Myrtle Avenue near Marcy that formerly housed the Cascade linen company has been purchased by an investor group for $27 million. The site is in the new Bedford-Stuyvesant North rezoning district, which means 251,505 square feet of residential development and 101,000 square feet of commercial space is allowed on the property, so the building could be converted to mixed use with apartments above and retail below. The parcel includes nine buildings comprising 137,386 square feet. The lead investor among the buyers, Alliance Private Capital Group, specializes in real estate financing but is not a developer, said The Real Deal. “The sale comes at a time when Bedford-Stuyvesant property values are rising, driven by young professionals priced out of other parts of Brooklyn and by Hasidic Jewish families moving from neighboring Williamsburg,” The Post story noted.
A New Century in Brooklyn [NY Post]
Bed-Stuy Poised for Major Mixed-Use Development [TRD]
Brooklyn’s Cascade Smokestacks Are Not Long for This World [Curbed]
Photo by Christopher Bride for PropertyShark

By Cate | | Comment

Open and Shut



Midwood
Yesterday Eater announced that the owners of Di Fara were planning on opening an offshoot of their pizza joint just a few doors away from the original location. A small takeout spot will be serving up pasta, heros, salad and more by mid-April. Photo by Aaron Landry.

North Brooklyn
Eater rounds up a lot of Williamsburg food news: Radish is closed on Bedford Avenue, Fatty ‘Cue should reopen after a year of being closed in two to four weeks, a huge new bar and restaurant called Shelter is in the works for North 7th between Wythe and Kent streets, and Kumar’s Classic Artisanal Chutney is setting up shop on the corner of North 3rd and Kent. Gothamist tours the second outpost of East Village ceviche bar Desnuda, now open at 221 South 1st Street. There’s a bar area serving up cocktails and a separate dining area. Bushwick’s Wreck Room was shuttered by the Department of Health due to rodent activity. And in Greenpoint, the No Name Bar at 597 Manhattan Avenue is now serving up Korean food and has expanded with additional seating downstairs.

Elsewhere
In Park Slope, the Manhattan-based wine bar Pierre Loti will open its fourth outpost at the old Canaille Bistro space on 5th between St. Marks and Warren. The bar will also serve cocktails and Mediterranean tapas. Shanghai Spa opened over the weekend at 241 Fifth Avenue at Carroll Street. In Carroll Gardens, Pardon Me For Asking laments the closing of Good Food, an Italian superette at 431 Court Street. It’s been in the neighborhood for 85 years. In Crown Heights, a provisions and cheese shop called Wedge is opening in May right next to Little Zelda on Franklin Avenue. And on Coney Island, Shoot the Freak, evicted by Zamperla in 2010, has been reborn as Shoot the Clown.

By Emily | | Comment

Commercial Klutch: March Edition



This month Chris Havens, director of commercial real estate at Aptsandlofts.com, takes a look at the office space squeeze in Williamsburg:

Williamsburg office space: Good luck finding it. With all the noise around residential blowing up and the open house crowds feeling like a Bushwick nightclub at 2 am, the demand for, and consequent lack of, office space in Williamsburg is a real estate and policy problem that won’t go away. Everyone wants to be in “Double U Bee.” But the best buildings for offices, multi-story warehouses, have almost all gone residential. And the older stock is mostly low rise, without the density of downtown Brooklyn or Dumbo.

The highest New York City office rents outside of Manhattan are in Williamsburg, where they range from $30 to $60 a square foot. Look to pay $50 per square foot if you want typical space, which in Brooklyn is less than 2,000 square feet. That’s way more than Dumbo, which is also sold out. It is best to take retail space several blocks away from Bedford, and that is competitive too.

All this is a problem, as it inhibits job growth, prevents locals from living near work, and reduces the daytime population of the area. The newest factor of competition is the gorilla tenants in the market like Amazon and Google. Word is a large Northside site is preleasing to huge tenants already. The market needs small tenant space.

Otherwise, how will the small tenant space become available in the face of record high residential rents, international companies seeking large footprints, and population growth?

By Cate | | Comment