Development Watch: Acadia Starts Albee Demo
As the Brooklyn Eagle noted earlier this week, demolition has begun at the Albee Square parking garage, site of the future 650-unit residential tower that will be brought to you by the nice folks at Acadia Realty Trust; when we stopped by yesterday, we saw the digger doing its thing on the roof (inset). As…
As the Brooklyn Eagle noted earlier this week, demolition has begun at the Albee Square parking garage, site of the future 650-unit residential tower that will be brought to you by the nice folks at Acadia Realty Trust; when we stopped by yesterday, we saw the digger doing its thing on the roof (inset). As you may recall, Acadia bought the property from Thor Equities early last summer for $120 million. At the time, the building (rendered at right) was rumored to come in at somewhere between 40 and 60 stories. It’s also slated to have at least 475,000 square feet of retail space and 125,000 square feet of Class A office space. Think there will be adequate demand for the latter?
Demolition Work Begins at Albee Square Mall [Brooklyn Eagle] GMAP
Albee Square Deal Closes, Fewer Apartments Planned [Brownstoner]
What do the readers here think of the impact this soon-to-be canyon will have on the values of the so-called “brownstone” neighborhoods? I would assume it may increase the values in FG, BH, CH, BH…no?
If these residential towers bring in massive numbers of residents and workers, what do people think of future quality of life in terms of the subways. Will the quieter neighborhoods and streets be flooded with people trapsing back and forth to restaurants and the like?
Kind of wondering…for example…FG Park is only “so” big and can seem quite crowded on a weekend these days. Since it’s essentially the closest park to these new and proposed towers, are there any provisions for any additional outdoor space in the immediate vicinity to be created?
Are these new towers all being built to the sidewalk line? No matter what, they couldn’t offer any decent outdoor space unless there is some real urban planning.
Thinking of Battery Park City: there is high density but lots of usable green space that “works”. Will there be any corridor of green space in the Flatbush area or will people be flocking to the FG farmers market and FG park on the weekends?
St. Boniface, to my knowledge, is looking at various development plans but doesn’t have anything firm yet; they’d like to stake out a chunk of affordable housing + room to grow, but right now it’s still in the early planning stages from what I hear. The nice thing is that this is a growing community with many young families and its eye on the future–not the too-common scenario of a “dying” parish and the diocese itching to shutter the church, turn the lights out, and pocket the lease money. They’re genuinely good folks, and whatever they come up with will be good for the entire community (and I am one cynical Catholic).
the only way dtbk will survive is if the projects are destoyed
BrooklynLove- Right On!!
this might be the best thing that has happened to NYC in the past 7 yrs. Brooklyn is the guts and jewels of the 5 boroughs. It’s raw gritty and real. Some development is much needed in this severely underestimated gem of terrain. And to be honest Im starting to enjoy the downtown BKLYN skyline much more than that of Manahttan.
M.H
I love the fact The What is feeding on this site. Its actualyl far more interesting because of it.
This is where another Target will be as well.
BrooklynLove: Any desire to be a columnist on http://www.thenydirt.com ? We could use some BK-centric opinions…let us know if you are interested at info@thenydirt.com
Getting rid of that garage is addition by subtraction.
Brenda, doesn’t St. Boniface have development plans of its own?