Massive Bridge Street Tower In The Works?
All but a few stores have officially shut down at the southeast corner of Willoughby and Bridge Streets in Downtown Brooklyn, and city records indicate a developer could build 760,000 square feet in their place – putting the tower in the running for Brooklyn’s tallest. United American Land owner Al Laboz transferred 396,000 square feet…
All but a few stores have officially shut down at the southeast corner of Willoughby and Bridge Streets in Downtown Brooklyn, and city records indicate a developer could build 760,000 square feet in their place – putting the tower in the running for Brooklyn’s tallest. United American Land owner Al Laboz transferred 396,000 square feet of development rights he owns on a property down the block to this L-shaped site, which has additional frontage on Duffield Street neighboring the Aloft and Sheraton hotels under construction. Laboz has said he’s undecided about plans for the Bridge/ Willoughby Street property. But city records say he “intends to sell the land to a purchaser who presently intends to demolish the existing buildings,” and that the 740,000 square feet would be for residential. With the apparent glut of condos now on the market, Laboz or the buyer would be more likely to opt for rentals. For now, clearing the property of tenants, plus all those air rights, makes the property far more valuable. On the other hand, if it languishes on the market or the project has difficulty getting financing, Bridge and Willoughby will become a dark corner of Downtown. What do you think will happen?GMAP
Much of Downtown Brooklyn Going Out of Business [Brooklyn Eagle]
AY… 162 Myrtle…
PS: Polemecyst, please take your meds.
It’s the baby boomer generation. They raped this country for all it was worth, and all they want is for their earthly paradise to remain unchanged until the day they die.
The whole baby boomer generation is terrified of what is happening in the economy right now. For many, the anger is simply self loathing.
It’s really an amusing look into the mind of a generation bent on maintaining material prosperity for themselves at all costs, and how they cling to a sick vision of life. They also have a bizarre infatuation with the New York City of their youth. That’s really the heart of it. For New York City to evolve once more means it is the end of the baby boomer era and that the gravy train is over.
Suck it, boomers! you know who you are!
Healthy development is impossible while prices are so high that only lunatics or flippers-who-plan-to-sell-to-lunatics can afford to buy.
When prices drop 50%, so that they are in line with values (measured by rental equivalency, which takes into account the better quality of life on Bridge St than, say, in Croton-on-Hudson), then projects will be based on real demand, built to offer real quality, and attract real people with real jobs.
I couldn’t agree with you, more 2:51 (all four of you:). It strikes me as odd that people would become so angry about a lowered crime rate, increased amenities, cleaner streets, etc. I think that they equate a true urban experience with crime, violence, trash, drug sales, and so on. Hence, the inevitable comparison of every new building to “the suburbs”, or “the malling of NYC”, or “turning Brooklyn into Manhattan”.
2:32 – list the dominos then
2:32 – you almost sound happy that “…downtown projects are falling one by one…” Why is that? Why are there so many haters on this blog. Seems like these people hate on everything…Atlantic Yards= bad, condos=bad, high rises=bad, new grocery stores=bad, new retail=bad, gentrification= bad, development in general=bad. I guarantee, a post on any of the foregoing topics will bring out “The What” and every other hater that populates this blog! It’s like these jokers are longing for the days when Myrtle Avenue was “Murder Ave”, BedStuy was “Do or Die” and Ft. Greene was “CrackVille”. WTF??
2:32 – you almost sound happy that “…downtown projects are falling one by one…” Why is that? Why are there so many haters on this blog. Seems like these people hate on everything…Atlantic Yards= bad, condos=bad, high rises=bad, new grocery stores=bad, new retail=bad, gentrification= bad, development in general=bad. I guarantee, a post on any of the foregoing topics will bring out “The What” and every other hater that populates this blog! It’s like these jokers are longing for the days when Myrtle Avenue was “Murder Ave”, BedStuy was “Do or Die” and Ft. Greene was “CrackVille”. WTF??
2:32 – you almost sound happy that “…downtown projects are falling one by one…” Why is that? Why are there so many haters on this blog. Seems like these people hate on everything…Atlantic Yards= bad, condos=bad, high rises=bad, new grocery stores=bad, new retail=bad, gentrification= bad, development in general=bad. I guarantee, a post on any of the foregoing topics will bring out “The What” and every other hater that populates this blog! It’s like these jokers are longing for the days when Myrtle Avenue was “Murder Ave”, BedStuy was “Do or Die” and Ft. Greene was “CrackVille”. WTF??
2:32 – you almost sound happy that “…downtown projects are falling one by one…” Why is that? Why are there so many haters on this blog. Seems like these people hate on everything…Atlantic Yards= bad, condos=bad, high rises=bad, new grocery stores=bad, new retail=bad, gentrification= bad, development in general=bad. I guarantee, a post on any of the foregoing topics will bring out “The What” and every other hater that populates this blog!