Developer and Plan Picked for BAM's Mixed-Use Tower
The RFP process for the mixed-use building on Site 4 in the BAM Cultural District has concluded with the selection of a plan by Harlem-based developer Full Spectrum over such big local names as David Walentas’ Two Trees and Dermot Company of One Hanson fame; the architect for the plan is studioMDA. The decision comes…
The RFP process for the mixed-use building on Site 4 in the BAM Cultural District has concluded with the selection of a plan by Harlem-based developer Full Spectrum over such big local names as David Walentas’ Two Trees and Dermot Company of One Hanson fame; the architect for the plan is studioMDA. The decision comes just a couple of months after local outcry put Full Spectrum, whose head Carlton Brown has lived in Fort Greene and Bed Stuy for 25 years, back in contention after being eliminated in August. “Their level of affordability was great,” said HPD spokesman Seth Donlin, explaining the pick. And the design of the building architecturally was fantastic. The new 30-story building, to be located at the southwest corner of Ashland Place and Fulton Street, will be known as Borough Gardens. The marquee tenant for the building will be DanceSpace, which will be housed in a 40,000-square-foot rehearsal and performance space. The tower will include 185 apartments, half of which will be set aside for low- and moderate-income residents; there will also be a retail and gallery component. Construction of the building, which will incorporate many green components (Full Spectrum has developed both the Solaire and 1400 on 5th in Manhattan), is expected to get underway in the first part of next year, with a target completion date of 2010.
Local Planner Gets the Big Job at BAM [Brooklyn Paper] GMAP
Unusual Building in Brooklyn’s BAM Cultural Center [Brooklyn Eagle]
Small Developer Beats Walentas & Dermot for BAM Tower [Curbed]
Downtown Update from Joe Chan at CB2 Meeting [Brownstoner]
BAM Cultural District: Alive If Not Exactly Kicking [Brownstoner]
Great Design!!!
I wonder what the other proposals looked like.
This reminds me of an incredibly ugly building in Boston — Peabody Terrace: http://libraries.mit.edu/rvc/kidder/kjpegs/C2022-087.jpg
That IS a fantastic design. I love it.
I’m glad it offends the boring people who hate everything modern.
Across the board, Forte’s COMMON charges have gone down, not the actual units. Scattered unit price drops do not represent the entire building.
Forte is furthest north and east if compared to Atlantic yards and BAM. And the properties on those sides are brownstones and LIU.
It will probably be the only new condo to keep it’s view of Manhattan. I attended the wine tasting on the roof of Forte’ a few weeks back, so I know what I’m talking about.
1:14: The offering prices now — at least the units I was looking at — were the same as the ones in the original offering plan. Maybe some have gone down, but not all.
The CC+tax is about the same as One Hanson (when both are abated). After the abatements run out, One Hanson will be higher.
What is the “steam issue”?
I think some units at Forte, especially the lower floors, are probably overpriced. But not all of them. I do not have any affiliation with Forte except as someone who has seriously considered buying.
12:20 – The Forte prices have dropped a couple hundred thousand dollars since they put it on the market. It’s been a pretty steady drop since the inception. Within the last couple weeks the entry point dropped again. The 2br point dropped another $30k last month. The CC are already ridiculous. That’s been documented on this site and others. The steam issue is another threat to CC stability. It all screams “let the buyer beware.”
great news. keep building the boro.
curious as to why James raised such as “ruckus” for Brown…..has he made any donations to her campaigns?
10:48: As far as I can tell the Forte prices have remained reasonably constant.
Why do you believe the common charges will go up?