Developer Park Tower Group has gotten the ball rolling on the hotly debated Greenpoint Landing development by filing a building application for a six-story mixed-use building at 21 Commercial Street. Designed by Handel Architects, the 85,033-square-foot structure will have ground floor commercial space and 93 units on prime Greenpoint waterfront land, according to a new building application filed Monday.
Eventually, the 20-acre megadevelopment will include 10 30- to 40-story towers, a new K-8 school and a public park. The developers also promised to keep 431 apartments “permanently affordable” and to run a shuttle between the development and the G train. Despite significant opposition from the Greenpoint community, the project cleared all the ULURP hurdles in the fall and was approved by the City Council in December.
Come out to Brooklyn Bridge Park this weekend to enjoy spring temperatures and classical music played on a floating barge off Fulton Ferry slip. Violinist Mara Milkis and pianist Francine Kay will play tunes from Telemann, Prokofiev, Schubert and Schumann Friday evening at 7 pm.
Tickets are $35, $30 for seniors and $15 for students, and can be purchased through Bargemusic. Or attend a free performance Saturday at 3 pm, which will be followed by a question and answer session with the musicians.
Name: Park Place Station, Franklin Avenue Shuttle Address: 605 Park Place Cross Streets: Franklin and Classon Avenues Neighborhood: Crown Heights North Year Built: Original station-1900, rebuilt 1906. This station-1999 Architectural Style: Vaguely Mission style Architect: Unknown MTA architects; railings and gates by Isha Shabaka Landmarked: No
The story: The history of our subway system has always fascinated me. I’m certainly not the only one; there are clubs, chat rooms, websites, books, tours and other materials associated with the subways out there. There are thousands of subway and train aficionados all over the world who love the NYC subway. Many of these people have spent years finding out and cataloguing all kinds of trivia and minutia about our train system. Some are so dedicated they can tell you what kind of bolt is holding down the track in front of you, when it was made, who made it, and some of them can probably tell you who drove the bolt into the ground, too. The subway, like Star Trek, has that kind of fan base.
The Franklin Avenue Shuttle is a favorite of subway buffs, and for good reason. First of all it’s old, and predates the entire subway system. The original tracks here were the end of the line for the old Brooklyn, Flatbush and Coney Island Railroad, which ran along here in 1878. It enabled passengers on that line to transfer to the LIRR train at Bedford and Atlantic Avenue, and vice versa. At the time, the train ran on the surface between Franklin Avenue and Park Place, and then dipped into an open cut to connect to the rest of the line at Park Place. (more…)
Signage has gone up in the windows of 602 Vanderbilt Avenue, where restaurant 606 R&D is preparing to expand with takeout and groceries. The spinoff, to be called R&D Foods, will have a counter with seating, according to the website. Offerings will include prepared foods, vegetables, sandwiches, deli items, breads, pastry, donuts, and coffee. There will also be catering.
“Opening Winter 2014″ says the site, and the hours will be 8 am to 8 pm seven days a week. The space was previously home to salon Wink Eco Beauty Bar. Thanks to Cara Greenberg for the tip and photo. GMAP
The first thing you notice about the red brick and brownstone Queen Anne at 196 Hancock is the exceptional exterior. Designed by architect Gilbert Alphonse Schellenger, the house was built in the early 1880s, according to Save Bedford Stuyvesant. Inside there are plenty of original details, including parquet floors, elaborate fretwork screens, mantels, a pier mirror, shutters and pocket doors.
It is set up as two floor-through rental apartments over an owner’s duplex. It’s located between Marcy and Nostrand, an architecturally distinguished block that is has been the focus of the Bed Stuy house tour for several years. This is agent Ban Leow’s first exclusive since joining Halstead. There will be an open house Sunday from 1 to 3 pm.
Click through to the jump for more photos, including ones not on the listing. What do you think of it and the $1,850,000 ask?
Here’s a big two-bedroom co-op at the Park Towers in Kensington for $449,000. In addition to plenty of space (31-foot-long living room!), this place has an eat-in kitchen and a private terrace with amazing views south and west; all that’s missing is a second bathroom. And while the kitchen isn’t going to show up in a design magazine anytime soon, the apartment has been renovated recently and looks to be in good shape.
This gut renovated three-bedroom, 1.5-bath pad in Crown Heights would work well for roommates. The kitchen isn’t huge, but it has a dishwasher and “open breakfast bar,” which is evidently the opening to the living room.
And the living room is separate from the kitchen, a layout that is slowly disappearing in the cheaper gut renos. There’s also a washer/dryer next to the kitchen. The price is about what you’d expect for this part of the neighborhood, because it’s north of Eastern Parkway and close to all the action on Franklin Avenue. What are your thoughts on it for $2,800 a month?
The struggling Sheepshead Bay condo complex known as The Breakers has just started renting apartments, after an undisclosed buyer bought up its 49 empty units earlier this year. The wavy-looking, Art Deco-style buildings on the waterfront have 13 one-, two- and three-bedroom rentals being marketed by Aptsandlofts.com. One-bedrooms start at $1,608 a month, two-bedroom units at $2,567, and three-bedrooms at $3,117 a month.
Each apartment in the private gated community features granite countertops, Jacuzzi bathtubs, central air and washer/dryers. Some units also have balconies or private roof decks. Amenities include an outdoor pool, gym, 43 underground parking spaces, bike storage, and a private fishing pier with outdoor seating.
Although the 75-unit development was finished in 2009, developer Jacob Pinson defaulted on a construction loan and filed for bankruptcy. Madison Realty Capital acquired it for an estimated $19,000,000 in December 2012, and the 49 unsold condos changed hands again in January for $24,500,000, The Real Deal reported at the time.
We don’t hear the work “defalcation” used much anymore because we have other words to describe this bit of malfeasance. “Embezzlement” is probably the best, “dipping into the till” is more colloquial, but “stealing” works just fine, as well. All of those words and phrases describe what was going on in Brooklyn in 1873 at the Brooklyn Trust Company, one of our city’s most successful and powerful banks. Commercial and savings banks deal with deposits and withdrawals, and can supply short-term loans and/or mortgages to individuals and small businesses. A trust is a form of commercial bank that allows the trustee (the bank) to invest and otherwise administer funds on behalf of their clients. Trusts often are the executors of estates, distribute funds in an inheritance, as in “trust fund,” and in general, manage and grow other people’s money. The operative word here is “trust,” as both a noun and a verb.
The long-time president of the Brooklyn Trust was a man named Ethelbert S. Mills. He was everything people expected a Brooklyn banker to be: he was rich, lived in Brooklyn Heights, was married to a woman who came from another old, rich family, and they and the kids had a summer home in Nantucket. Mills belonged to a socially acceptable church, Second Unitarian, and all of the best men’s clubs. He sat on the boards of other banks, corporations, musical organizations and charities, and he, to the outward eye, was a respectable and trusted member of Brooklyn’s Society elite.
But Mills had a dark secret. He was stealing from the Brooklyn Trust, and he’d been doing it for years. By 1873, he had helped himself to close to $200,000, an amount that would be the equivalent of $377 million today. He had invested most of the money in speculative real estate deals, and had developed houses in the growing and expanding neighborhoods of Brooklyn. He’d also dabbled in high risk stocks, and wasn’t good at it. He had also made a few bad loans in the Trust’s name to shady railroad companies, loans that could not be repaid, and these losses added up to another $150,000. To top it off, America was on the verge of a deep recession that started that year, and the economy was slowing down, and money was tight.
Perhaps Mills realized he was in too deep, and the worsening economy would make it impossible for him to replace the funds, or perhaps he knew that his theft would be soon discovered. In July of 1873, Ethelbert Mills took an early morning swim in the Atlantic, at Coney Island, only to have the waves wash his lifeless body ashore several hours later. This part of the story is detailed in Part One. As news of Mills’ death and the defalcation of Brooklyn Trust’s funds became known, it was very obvious that he had to have inside help. Money doesn’t disappear without a trace. Someone knew what was going on and had helped Mills cook the books in order to hide the losses. All eyes soon fell on the Secretary of the Brooklyn Trust, a man named M.T. Rodman. (more…)