1,500 Rental Units for DoBro
It’s hardly news for anyone who’s been paying attention, but yesterday Crain’s took the time to point out that three new rental developments in Downtown Brooklyn are all hitting the market at roughly the same time: Avalon Fort Greene (left, 650 units), 80 Dekalb (center, 365 units) and The Brooklyner (right, 490 units); studios at…
It’s hardly news for anyone who’s been paying attention, but yesterday Crain’s took the time to point out that three new rental developments in Downtown Brooklyn are all hitting the market at roughly the same time: Avalon Fort Greene (left, 650 units), 80 Dekalb (center, 365 units) and The Brooklyner (right, 490 units); studios at all three places are expected to start at about $1,700 a month. (Free rent concessions, though, bring the cost down close to $1,300, which starts to look pretty attractive.) While one of the developers involves admits that she we have preferred a little less competition at the start, we’re not so sure the confluence of launches is such a bad thing. (The article also dangles the possibilities of the Forte and be@schermerhorn getting repositioned as rentals.) The biggest barrier to people deciding to rent in these new buildings in Downtown Brooklyn is the lack of a critical residential mass. With all three coming to market at the same time it’s a potential game-changer for the area. Now if one of these places could just get a gourmet market or decent restaurant to sign on, they’d be all set.
Get Ready, Brooklyn: Flood of Luxe Rentals [Crain’s]
No didnt forget, thought it was obvious! And not just crime 1991 dropout rates, and 1991 level services, and 1991 City Park maintenance and 1991 level homelessness, and 1991 level riots…..etc, etc, etc
If they are indeed supposed to appeal to the middle class at these lower rates, and it really is still such a terrible recession, then a good supermarket would be more appealing than either a “gourmet” store or a “decent” restaurant. That way people can cook their own decent gourmet food in their nice new kitchens for a fraction of the cost.
Even with those 2 – 3 months off of rent that would be a huge wake-up call after your lease is up when you’re rent shoots up about $300 a month! If you couldn’t afford the 1,700 you’d be forced to move out within a year.
M4L,
What fsrg forgot to mention was that under a Bill Thompson regime, the 1991 prices also come with 1991 crime levels.
I’m voting Thompson then – those prices & rents would be super attractive
BHO – you couldnt be more right
If and When Bill Thompson becomes mayor, $1300 for a studio will be ridiculous – it should only be about 2yrs before we are back at 1991 price levels – figure a studio in the $800 range!
“Disadvantage, Franklin.”
Exactly! I’m on Bedford & Fulton and my rent is pretty close to the new buildings and better neighborhood. It’s a no brainer. I’m out… Hello downtown BK! 😀
St. James and a user account on daily heights? LOL, we’ll see. Speaking of idiots, Bill Thompson will be speaking tonight – should be a barrel
Idiot, LilBitOfLuck.
$1500 on St James, fool, and headed west (effect of falling rents)! 1 bed in cookie cutter $2000 plus (if you sign today) in DuhBro. That $500, plus, more than pays for pick up/drop off laundry and a gym membership at Crunch (a REAL gym). Quiet hood, too. Two more stops – so what! St James and west thereof beats being trapped in an all-inclusive resort for far more per month.
***Bill Thompson for Mayor***