Atlantic Yards No Selling Point for Nearby Sites?
A building smack at the crossroads of Park Slope and the planned Nets arena is on the market for $13 million. The property, on Flatbush between Fifth Avenue and Pacific Street, is across the street from the recently vanquished
A building smack at the crossroads of Park Slope and the planned Nets arena is on the market for $13 million. The property, on Flatbush between Fifth Avenue and Pacific Street, is across the street from the recently vanquished JRG Fashion Cafe and currently houses a furniture store as well as a few other retail spaces. Right now a developer can build up to 40,000 square feet on the footprint but, per the sales listing, there is excellent potential for partial block up-zoning to create a residential midrise or high-rise. Interestingly, the listing only includes a passing mention of the fact that the site is right across the street from the proposed Forest City Ratner Project spanning a large area around and over the Rail Yards. Perhaps brokers are shying away from using AY’s ginormous mish-mash of out-of-scale towers, constant construction and blaring traffic as selling points?
Flatbush Avenue Listing [Corcoran] GMAP
Someday this war’s gonna end. That’d be just fine with the boys on the boat. They weren’t looking for anything more than a way home. Trouble is, I’d been back there, and I knew that it just didn’t exist anymore.
Captain Benjamin L. Willard – Apocalypse Now
The What.
Hey people please read this. Tell me that you are better off today than 3 years ago Flame on baby!!!!
http://drhousingbubble.blogspot.com/2007/09/invisible-mortgage-hand-analysis-of.html
Inevitable? I do not think it means what you think it means.
best regards,
Inigo Montoya
2:38
Simply put — Yes
I hate to break it to you, but writing in the comments section of brownstoner is not really where the fight is at, at the moment.
You might want to come up with an alternate plan.
There is a point where fighting the inevitable becomes rather absurd.
The project is moving forward. Period.
We can hope that Ratner has taken into account the lastest in market conditions on the soon to be released new designs. Perhaps they will be a little more scaled back.
Since most people on here protest if something is built a story taller than a brownstone, I don’t believe the scale will ever be in line with the anti-AY people no matter what they look like, however.
I’d rather keep fighting this bloated boondoggle than just roll over and take it, thanks.
It would be great if it were more in scale, but since I didn’t buy the land myself to develop, I’m not going to spend the rest of eternity obsessing over it.
I’m going to accept that it’s not perfect, deal with it, find the positives in it and move on.
Or you can continue writing A-Y-E on every post.
It’s up to you.
Are Trump City and a hole our only options? I agree that the area should be developed, but can’t it be a bit more in scale?
The AY will NOT cause a long-term decrease in property values. Historically this is not accurate when developing a nearly deserted site such as the rail yards. The blocks immediately surrounding the AY will experience significant appreciation in the next 5-10 years.
The decrease in property values occured 50+ years ago with the construction of a NYCHA tower along Atlantic, the widening of Flatbush Ext, the abandonment of most adjacent buildings in the 70s and 80s.
Yes- the AY will change the type of consumer that purchases housing in that area but it will definitely not decrease demand for housing. If there’s a drop in housing demand it won’t have anything to do with the AY.
I’l take Trump City over a gaping hole in the ground any day.
You just proved the point.
No development is perfect, but this area could certainly benefit from upscale towers. I don’t see anyone running for their lives on the Upper West Side.
I see them flocking there, to be perfectly honest.