Downtown Brooklyn’s recent residential explosion — while bringing activity and economic growth to the area — wasn’t the intended result of the nabe’s 2004 rezoning. Measures that were meant to turn the area into an office mecca are instead transforming it into a land of luxe condos and rentals.
With a new report released this week, Borough President Eric Adams addresses the neighborhood’s unanticipated needs and what the city can do to for its infrastructure and mixed-use future.
There’s a lot of buzz in the air about the borough’s future tallest tower, coming soon to Downtown Brooklyn. Here are all the key details you need to know.
Forget about condos. Developers are banking on Bushwick as the next hotspot for offices.
Developers are swooping into the Bushwick loft district — which the city calls East Williamsburg, and residents sometimes call Morgantown — with plans for oodles of office, retail, and maker spaces.
At least 11 creative office developments are in the works for the area, making it a contender to become the borough’s next Tech Triangle or Dumbo.
Greenland Forest City — the developer partnership behind the Pacific Park mega-development — now wants to build one of the borough’s largest buildings across the street from the Barclays Center, according to Crain’s.
Pacific Park’s behemoth office tower could employ thousands of Brooklyn workers and be as big as 1.5 million square feet, but only if the developer can transfer air rights from the nearby Barclays Center plaza, a triangle of land jutting out into one of Brooklyn’s busiest intersections.
Looking at the hip-infused renderings for the planned office building at 430 Johnson Avenue, you can almost hear the architect working through a troubling dilemma: How to fit both a parking area and a flexible event space without displacing that must-have subterranean eatery?
Thankfully for 430 Johnson’s future tenants, a creative compromise was reached. Behold: the transforming parking garage event venue.
After languishing on the market for years, the historic Tracy Mansion at 105 8th Avenue sold in 2015 for $9.5 million. Now, its new owner wants to dramatically expand the building and convert it into eight residential units.
After some initial hesitation, Landmarks gave the green light this week for a host of changes that’ll give a new life to this old limestone beauty.
L train shutdown be damned. One of the most ambitious — and attractive — Brooklyn office developments to come along in decades is betting on reshaping the geography of the city — and where the worker of the future lives, works, and plays — by giving startups a place to flourish in Williamsburg.
But first, the block-long development at 25 Kent Avenue has to go through the lengthy public approval process known as ULURP.
From Fort Greene to East New York, here’s a rundown of big developments with affordable housing wrapping up construction and set to open this year.
Right now, it’s just a parking lot. But when 85 Jay Street went on the market two weeks ago, every developer in the city took notice.
Residential development at the site — which takes up an entire block — could increase Dumbo’s current population by 44 percent. And condos there could sell for more than those at the nearby Pierhouse — where apartments start at $2,850,000.
When we talk about 85 Jay Street, we’re talking about a big building. And even bigger money.
The New York Economic Development Corporation Thursday released renderings of the future Bedford-Union Armory transformation and announced that BFC Partners and Slate Property Group will jointly develop the project.