Magic Johnson Planning Greenpoint Project
With his work at One Hanson Place almost done, Magic Johnson is expanding his Brooklyn portfolio to Greenpoint with the purchase of a 65-by-100-foot lot at 110 Green Street. Johnson and his partners ponied up $10.48 million for the two-story factory last summer and will be pulling down an additional $41 million construction loan to…
With his work at One Hanson Place almost done, Magic Johnson is expanding his Brooklyn portfolio to Greenpoint with the purchase of a 65-by-100-foot lot at 110 Green Street. Johnson and his partners ponied up $10.48 million for the two-story factory last summer and will be pulling down an additional $41 million construction loan to build the six-story, glass-clad condo. “We are believers in Brooklyn as a place that is economically growing, healthy, entertaining and the place to be,” Johnson said yesterday in a statement announcing the deal. The developers said theapartments “are designed to appeal to a diverse and growing group of single working individuals and young families” priced out of Manhattan.
Magic in Brooklyn [NY Post] GMAP P*Shark
It has 360′ of frontage in total. See the curbed article today.
The architect’s rendering looks like a lot more than 100′ of frontage. Also, the building is being called GreenHuron or something like that, so I assume it goes through the block to Huron St. Maybe the 65’x100′ is one parcel?
Magic announced he would renovate the Loew’s Kings theater on Flatbush back during the Giuliani regime. It still sits rotting…
How does this math add up? 65′ x 100’lot x 6 floors = 39,000 sq. ft. Divide that by 130 units and each apartment is only 300 sq. ft. Can somebody explain this?
The article says it is a 130 unit project, so 50,000,000 divided by 130, is right around $385,000. Add a minimum of a 50% mark up.
I couldn’t resist…
L. A. Lakers fast break makers
Kinds of the court shake and bake all takers
Back to back is a bad ass fact a claim that remains in tact
M-a-g-i-c see you on the court
Buck has come to play his way and his way is to thwart
M-a-g-i-c magic of the buck
Other teams pray for dreams
But he don’t give a [fuck]
Penetrating the lane like a bullet train
Comes the magic blood a telepathic brain
Knucklehead suckers better duck
When the buck comes through like a truck
Scott stops pops and drops it in
On his way back gets a little skin
From the hand of a man named a. C. Green
Slam so hard break your t.v. Screen
Worthy’s hot with his tomahawk
Take it to the hole make your mamma talk
I hate to burst your bubble but triple double trouble
Is coming to your town and he’s going to make rubble
L. A. Lakers fast break makers
Kings of the court shake and bake all takers
Back to back is a bad ass fact a claim that remains in tact
Lakers are the team that i watch on the telly
Cause they got more moves
That a bowl full of jelly
The buck stops here – pops – then cheers
A roar through the forum
That deafens my ears
The one and only know if his kind
Sits in a throne
Not for the records that he holds
But for being bald and bold
Kareem abdul jabbar
All time great super super star
I hate to burst your bubble but triple double trouble
Is coming to your town and he’s going to make rubble
Does anybody want some magic johnson
L. A. Lakers fast break makers
Kings of the court shake and bake all takers
Back to back is a bad ass fact a claim that remains in tact
…but probably should have
a $50 MM dollar project…on a 65’x100′ lot? What the hell are they going to sell each unit for?
clearly there is some heavy action to come for brooklyn. eat your heart out david and exryaximous or whatever your name is.
how much of Hanson place been sold?