Development

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According to transportation think tank Community Consulting Services, there is likely to be 40 million square feet of new development in Downtown Brooklyn over the next 15 years. The downside? The city and the state will need to spend as much as $4 billion to handle the “traffic damages” resulting from the borough’s projected 24,000 new residents and 74,000 new jobs, the report says.
Comment: Sounds like mostly commercial projects to us.
Danger of Crowding Seen in Brooklyn [NY Sun]

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After community protests, a stop work order and a six-month hiatus, the condo conversion at 160 Imlay Street got the go-ahead when a lawsuit filed by the Red Hook-Gowanus Chamber of Commerce was thrown out by an appellate court on a technicality. (Interestingly, the lawsuit was partially funded by Greg O’Connell, the long-time Red Hook property owner profiled here earlier this week.) So now Developer Bruce Batkin can procede with his plans to convert the property—which has become a symbol of the struggle between the new forces of luxury development and the area’s working class, industrial past.
Red Hook Green Light [NY Daily News]
Converting Red Hook [Village Voice]
Interview with Red Hook’s Biggest Developer [Brownstoner]