Huge Toll Brothers Dev in Carrol Gardens

Are you serious? It is a massive 12 story development on 2 city blocks of previously uninhabited land. Get real.

Posted by: Winnie at March 4, 2008 7:23 AM in response to Huge Toll Brothers Dev in Carrol Gardens

"if realized, would cause tremendous
strain on the education system, transportation system, sewage system,
traffic flow, etc. in the neighborhood. It is also, obviously, a severe environmental liability." I love the way this nimby makes all these conclusions based on nothing more than a flier handed out at a community meeting. The post is nothing more than a moronic and robotic response. Me see flier, flier say development, development equals bad, me no like, me post on internet. This nimby doesn't even realize how much attention this site has been paying to this proposal for the past week. What an asshat.

Posted by: Brooklynnative at March 4, 2008 7:29 AM in response to Huge Toll Brothers Dev in Carrol Gardens

Agree with Brooklynnative. I didn't know one person could be such an expert in the education system, transportation, sewage and the environment. Just leave the decrepit Canal area as it is For sure it'll keep property values low.

Posted by: daveinbedstuy at March 4, 2008 8:20 AM in response to Huge Toll Brothers Dev in Carrol Gardens

I am totally for this project, but I dont think your flier should be cause for alarm.

This thing will not get built, at least not in its present proposal. There is no money, developers are reeling, the city will not undertake a massive clean-up project costing billions.

Maybe in 2o years, but definately not anytime soon.

Posted by: guest at March 4, 2008 9:00 AM in response to Huge Toll Brothers Dev in Carrol Gardens

How did gowanus become carrol (sic) gardens? I think maybe they need to develop this site. Maybe it's the toxic fumes wafting over from the canal that are responsible for the insane pricing decisions going on there lately.

Posted by: guest at March 4, 2008 9:01 AM in response to Huge Toll Brothers Dev in Carrol Gardens

Hey Winnie

New to the site?
BS has been talking (and taking photos) about this for months now.

Take a peruse through the site.

Posted by: guest at March 4, 2008 9:12 AM in response to Huge Toll Brothers Dev in Carrol Gardens

Toll Brothers is a well-capitalized company that is still both a buyer and seller of land. Their product, as much as people like to bash them as a McMansion stickbuilder, is fairly high quality. They are probably chomping at the bit to get this land (environmental issues aside) because it will mean a project in a location where demand is still relatively strong.

Toll brothers has close to $4 billion in equity and although their recent statements have been negative and their recent quarters have recorded record losses, there is probably not a better capitalized homebuilder today in the US. I wouldn't recommend anyone go out there and buy the stock just now but it'll be a strong survivor.

That said, yes, this project will take years to get off the ground.

Posted by: daveinbedstuy at March 4, 2008 9:27 AM in response to Huge Toll Brothers Dev in Carrol Gardens

"I wouldn't recommend anyone go out there and buy the stock just now but it'll be a strong survivor."

These are exactly the circumstances under which one should buy the stock.

Posted by: guest at March 4, 2008 9:34 AM in response to Huge Toll Brothers Dev in Carrol Gardens

You and I know that's true 9:34 but I don't want to be seen as giving financial advice to perfect strangers on this post. Recommending a lawyer for a real estate deal is one thing but financial advice is a separate matter.

That said, maybe Mr. B should open up a new tab at the top and we can all throw up our stock recommendations for comment. I think that'd be a real blast.

A real value in assets is why I bought in Bed Stuy

Posted by: daveinbedstuy at March 4, 2008 9:57 AM in response to Huge Toll Brothers Dev in Carrol Gardens

Toll Brothers will be worthless once Whole Foods is [never] built.

Posted by: guest at March 4, 2008 11:13 AM in response to Huge Toll Brothers Dev in Carrol Gardens

Worthless as a company or as a development? What the hell does Whole Foods have to do with Toll Brothers????

Even Toll Brothers admits they don't yet own the property and that it will be a very long process b/c of the environmental remediation but your logic of one dependent upon the other is ridiculous. Please explain.

You nimbies that can never focus on the longer term big picture are why there are so many opportunities out there for people who have the vision to capitalize on it.

Posted by: daveinbedstuy at March 4, 2008 11:36 AM in response to Huge Toll Brothers Dev in Carrol Gardens