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
That’s a low margin of proff, but what does one expect from an AY opponent?
I’d say what I added to the conversation, 1:13, is incontrovertible proof that you are indeed a Ratner toady. My work is done.
Brownstoner, please end the suspense and verify that 1:05 is incorrect. I should know, because I am 12:26 and did not write any of the other posts he/she referred to.
It’s amusing to note that many AY opponents have subtly admitted defeat. In other words, they have shifted from predictions that project will be stopped to predictions that it will decimate the neighborhood. It’s nice to know that they have accepted the failure of their legal strategy.
Not to be morbid, but perhaps the reason the financial district gained so many new residents was the availability of 9/11 reconstruction loans. IIRC, when the towers were standing, no one wanted to live in BPC, let alone be there after 5 p.m.
As for AY, my objections are in the scale. My favorite neighborhoods in the city are those that developed willy nilly, not 6,000 condo units at a time. If you want a preview, just look at Trump City between 60th and 72nd Strees on the West Side of Manhattan.
Hmmm…And what did you add to the conversation 1:05?
Talk about inane…
I saw the comment about dust not as a selling point, but an example of a neighborhood in Manhattan that is attracting large numbers of wealthy residents despite living in a construction zone.
Or was that too difficult for you to comprehend?
12:26 through 12:47 are all the same Ratner toady. What’s with all the inane talk about low self-esteem and inferiority complexes? It’s about quality of life. You talk of “some quite unhealthy dust” like it’s a selling point.
11:58 talks nonsense. I was here when the World Trade Center was being built, and the opponents said the same sorts of things. Then they said the same things about MetroTech, which continues to attract more pricey residential projects, and is a hell of a lot better place to walk around and hang out than it was in the 1980s. There is little question the area’s real estate will increase in value post AY. This is particularly true of areas 1-3 miles from the project’s center, such as Prospect Heights and Crown Heights’ landmark district. For some reason, this scenario is KILLING 11:58.
Dubai is nothing but a construction site and 1 bedroom apartments start at a million bucks there.
But the older folks in Brooklyn still have an inferiority complex. It’s kinda like Philadelphia. They just can’t wrap their heads around the fact that Brooklyn is increasingly a very desirable place to live. It is no longer considered only a place where Manhattanites go when they are priced out.
With all the money in the world, I’d still choose Brooklyn over Manhattan anyday.
Atlantic Yards, while not perfect will draw a significant amount of attention to downtown Brooklyn and will be a boom to tourism. I’m already seeing it now. Tourists are everywhere in Park Slope these days. Especially from Germany.
Times are changing for Brooklyn and some will get left in the dust and some will embrace it and move forward.
We see it quite clearly on this blog. Those who have low self esteem can do nothing but say AY effect about every item posted, and those that are comfortable with themselves have accepted it and moved on.
Can someone please give an example of when living next to a massive construction site has decreased property values for a whole neighborhood? I have a few counterexamples: Battery Park City (WTC site, and constant new construction in BPC itself), the Time Warner Center, and all the towers by Lincoln Center.