Development

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Armageddon must be near. A site that is trademarking the phrase “Condo Flip” whilst they attempt to promote and facilitate the act of flipping preconstruction condos? Not to be flip but there’s a business with a lifecycle of about, what, three months?
Homepage [Condoflip.com]

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Jun 21, 2005, CBS News — A wall comes crashing down on parked cars in Brooklyn. It happened around 9:30 this morning in the Farragut section, at a building that was under demolition at 1109 Utica Avenue. off of Beverly Road. Part of the wall just came tumbling down. The FDNY responded, and tell us no one was hurt, but the debris fell on some of the cars that were parked on the street.
Wall Collapses in Brooklyn [CBS New York] GMAP

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NEW YORK, June 13 /PRNewswire/ — The revitalization of Brooklyn took a local turn as a Brooklyn businessman broke new ground on a major development project in Brownsville. Gilbert Rivera, founder of Park Avenue Building and Roofing Supplies, LLC and AM&G Waterproofing LLC launched construction Friday on an $11 million, 132,000 sq. ft. facility which will bring 50 new jobs to the community. The facility will serve as the headquarters for the two family-owned businesses, with a large retail home center for the community.

The new facility on Atlantic Avenue and Saratoga Avenue, will include supply yards for building materials, offices, a state-of-the-art store, and parking. The project is being funded by Banco Popular. The City has also supported the project, with IDA (NYC Industrial Development Agency) providing sales and real estate tax benefits worth $5.8 million over 25 years.

Local Businessman Breaks Ground on Atlantic Ave [PRNewswire] GMAP

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Blogger Transfer gives us a visual progress report on the State Street townhouses and promises more to come.


Judging from the promotional renderings of the facades, the fourteen new homes will work very well in context. We have to say that these places are really starting to grow on us. (See, we’re not completely close-minded traditionalists around here!) Off the top of our head, they are the best example of new construction going on right now in Brooklyn. We’d be interested in hearing other nominations for that title, though.

Booms on State Street [Transfer]
Homepage [14 Townhouses]
Inside the State Street Townhouses [Brownstoner]
State Street Townhouses Underway [Brownstoner]

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In the collective post mortem that’s going on over the defeat of the West Side stadium, much is being made of how well in contrast Ratner navigated the treacherous waters of politics and money get his Nets project to the point where it now looks like a done deal. The Times notes, among other things, Ratner’s effort to engage local officials and community leaders, especially those with an early pre-disposition against the project. The pivotal point, it now seems, was the agreement that Ratner cut with Acorn to guarantee more minority contracting, job training and community use of the arena. When Acorn’s director Bertha Lewis gave both Mayor Bloomberg and Bruce Ratner big smackers on the lips at Borough Hall last month, it was all over. Although, according to Curbed, some would disagree.
Arena in Brooklyn Is Still a Go [NY Times]
Sealed With a Kiss [Brooklyn Papers, photos by Tom Callan]
Uproar from the Anti-Ratner Table [Curbed]

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Kevin over at Forgotten NY, who typically goes out of his way to avoid the kind of sensationalism we traffic in here at Brownstoner, finally loses his cool and serves up a well-deserved kick in the ass to the “hateful, despicable” developers who are destroying Astoria as they have much of historic Queens already:

Developers are tearing down perfectly good one-family homes built in an era, the 1860s and prior, when craft and style were still treasured, and replacing them with blond-bricked junk. Flushing’s gone. It died in the 50s and 60s, when its Victorian-era housing stock was razed in favor of block after block of multi-unit apartment housing. And now, Astoria Village is going.

Astoria Under Seige [Forgotten NY]

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The Daily News is reporting today that Bruce Ratner is preparing to offer those tenants living on the site of his future sports complex a deal that will be difficult to pass up:

Ratner will offer all displaced tenants new apartments in one of his soaring Frank Gehry-designed towers for the same rent they now pay. Ratner also will pay for tenants to move to a new apartment nearby and subsidize their rent until they move back…He now owns 60 of the 97 rental apartments on the site along with more than 90% of the condos and coops. Ratner is negotiating with tenants in 22 apartments of the 60 he owns; 25 of the 60 are empty. Residents not interested in moving into the new high-rise complex will be offered cash. A Ratner spokesman declined to say how much.

Ratner Sweetens the Deal [NY Daily News]