Have You Heard? Flatbush Extension Is Booming
There was another article summarizing the building boom in Downtown Brooklyn yesterday, this one from The Brooklyn Eagle. In addition to dropping the fact that 300 buildings had to be demolished to create Flatbush Extension when the Manhattan Bridge built, the article pulled together some good summary statistics for the building boom that is already…
There was another article summarizing the building boom in Downtown Brooklyn yesterday, this one from The Brooklyn Eagle. In addition to dropping the fact that 300 buildings had to be demolished to create Flatbush Extension when the Manhattan Bridge built, the article pulled together some good summary statistics for the building boom that is already underway along this corridor: 2,667 new residential units, 3 million square feet of new space, 2,500 feet of high rises. Most of the projects—like the Bridgeview and Oro, above—have been mentioned here and elsewhere on numerous occasions. One project that was news to us was a 417,000-square-foot complex consisting of 348 market-rate rentals on Tillary between Prince and Gold. Are they buying out the McDonald’s or something?
Development Reaches Flatbush Ext In Spectacular Way [Brooklyn Eagle]
5 years from now, this whole area is going to be akin to a second downtown Manhattan.
Info on the project from bklyn paper:
Talk about the Manhattanization of Brooklyn: A new mega-development slated for the booming border of Fort Greene and Downtown is being built by the same real-estate giant that built a luxury Xanadu with a Whole Foods in the lobby on the Lower East Side of Manhattan.
AvalonBay, a Virginia-based development group, will build a $250-million luxury “community†on the land bounded by Myrtle Avenue, Gold and Prince streets. The massive development will hold 600 market-rate rentals — more than three times the number of units in the iconic Williamsburgh Savings Bank building, the tallest building in Brooklyn.
“It will be similar to the Avalon on Chrystie Street,†said Joe Korbel, a spokesman for the developers. “I’m not sure there will be a Whole Foods, but there should be ground-floor retail. And there will be a lot of amenities.â€
Korbel said that the building was still “in creative design,†so no renderings were available.
The $70-million land purchase was first reported in the New York Sun.
“All of this crap is making the suburbs look good to me all of a sudden.”
who’s stopping you??
i say go for it. anyone who doesn’t think the redevelopment of downtown brooklyn isn’t a good thing doesn’t deserve to live here anyway.
All of this crap is making the suburbs look good to me all of a sudden.
this is a great neighborhood! so close to the city and up and coming very quickly. great investment if you’re buying there now w/ all the building going on. Anyone have any more deets on the projects between ashland and flatbush on myrtle? thx
Though, if you lived there, you’d be home by now.
Some recent nabe photos here: http://flickr.com/photos/iceberg18/page3/
The McDonalds is between Duffield and Gold, not Prince and Gold.
Yah, even with all the improvements coming to downtown Brooklyn, you can’t get away from the fact that Tillary bet. Prince & Gold is the nexus of crap – BQE entry and exit ramps, drug clinics, a commercial dead-zone, far from the subways… ick.