Development

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Someone named the Big Baldman sent blogger Set Speed some stealth photos of the development at 35 Underhill Avenue in Prospect Heights. All we learn from the development’s website is that Aguayo & Huebener have been chosen to market the property, so we’d love to hear any tidbits of info on the project. Actually, info might be too strong a word: we’d like to hear unsubstantiated gossip about the project.
35 Underhill [The Washington]
Sneak Peek at Washington Condos [Set Speed]
Homepage [The Washington Condo] GMAP

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We drove past this large lot on Myrtle and Nostrand last week and were able to find a hole in the fence to sneak a picture. When we inquired at a store across the street, the extremely up-on-his-real-estate proprietor informed us that this was going to be a huge condo development. Lots of 1,000-square-foot two bedrooms for $450 a foot, he informed us. When we started asking around among brokers, we were quickly directed to the website below which was created by the previous owners who were looking to flip the site with approved plans. A tip that everybody’s favorite architect Scarano & Associates was behind the design led us to a treasure trove of info on what we’ve now learned is called Myrtle Place: 74,000 square feet of residential areas shared by 72 apartments, more than 14,000 square feet of commercial spaces, an underground parking garage for 42 cars and 2,500 square feet of medical offices. They have the brashness to claim that the site is located in Clinton Hill–probably the biggest reach we’ve heard yet. Large-scale luxury living in Bed Stuy is slated for November of 2006.
A rendering of the project on the jump…
Unique Development Opportunity [Bedfordcrown.com] GMAP
Myrtle Place [Scarano]

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We got an email this week from from a reader who checks Brownstoner once a week (that’s it?) to look for news on her home nabe of Cobble Hill. She’s particularly curious to find out what’s going to happen with the Strong Place Baptist Church on the corner of Strong Place and Degraw Street. She heard from some neighbors that the original buyers had so much trouble with Landmarks that they sold it and the new owners plan to turn it into a school. Anyone have the skinny? GMAP

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This property on the eastern side of the park’ll probably end up being our favorite, since it’s starting with a nice old shell. The developer is knocking out the old smaller windows and creating large floor-to-ceiling loft windows. And who’s in charge of marketing? Our friends at the Developers Group.

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When we took a look at these two adjoining buildings a couple of weeks ago, we didn’t know whether they were being perpetrated by the same developer or not. Our man on the street tells us that indeed they are. He also tells us that the developer is not The Developers Group (the firm is only lending its marketing genius to the project). This source also tells us that this is an example of a technique that many developers (especially those with close religious affiliations) have used to juice their FARs. Supposedly, at the beginning of a project, they get a religious organization to commit to occupy some or all of the space, which allows them to build more floor area than they otherwise would be allowed. Then, as the project is nearing completion, the organization backs out. But, guess what, the building is already built and the developer is laughing all the way to the bank. We have nothing but hearsay to back this up, so we’d like to hear from people who actually know what they’re talking about. We’d also be interested to know whether this is what’s going on at 15th Street in the South Slope as well.
More (Un)Hot South Third Street Action [Brownstoner]
Too Tall in Park Slope [Brownstoner]