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As reported by several outlets over the past couple of days, retail spaces are being marketed in 470 Vanderbilt, the war horse on Vanderbilt between Atlantic and Fulton that’s in the process of getting spruced up and will house the HRA within the next year as well as other, private-sector office tenants. The location, obviously, is quite close to Barclays Center, and one of the brokers involved, Daniel Blumberg of GFI Realty Services, told us that he hopes to land retail tenants that will appeal to arena-goers; residents of Clinton Hill, Fort Greene and Prospect Heights; and tenants of the building and their visitors. “We’re definitely reaching out to food retailers,” says Blumberg, who added that he would like to see a version of “Eataly, but on a smaller scale.” The two spaces being marketed are a 7,150-square-foot corner space and a much larger, 14,000-square-foot space that’s mid-block and not connected to the corner space.
GFI Brings Atlantic Yards Retail Corner to Market [Real Estate Weekly]
HRA’s 470 Vanderbilt Move-in Date Pushed Back [Brownstoner]
Development Watch: 470 Vanderbilt Ave. [Brownstoner]
HRA Getting Lease at 470 Vanderbilt [Brownstoner] GMAP

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We got the photo above from a tipster of protesters outside 470 Vanderbilt Avenue right now who are “shouting Montec.” Our tipster assumes Montec is a contractor, and we’re guessing it’s this firm. As we reported a couple weeks ago, the Human Resources Administration signed a lease for the facility and it has been under renovation. An HRA rep said the move-in date is now Spring 2013.
Development Watch: 470 Vanderbilt Ave. [Brownstoner]
HRA Getting Lease at 470 Vanderbilt [Brownstoner] GMAP DOB

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We were under the impression that the deal for the Human Resources Administration to take space at 470 Vanderbilt Avenue had been finalized last year, but, according to the Times, it was only inked last month. The HRA is taking 400,000 square feet of space in the building and is expected to move in next winter; the deal is the largest lease in Brooklyn this year. The lease is presented as a win-win-win for the city, developer and neighborhood (though not everyone in the neighborhood would agree with that take). The HRA will save $7 million a year in rent by consolidating its various offices into the new location. Meanwhile, it’s expected to boost other businesses in the area: “With some 1,800 full-time employees and 1,500 daily visitors, the Human Resources Administration ‘will mean more patrons for our businesses and an increase in foot traffic for the neighborhoods,’ said Phillip Kellogg, the manager of the Fulton Area Business Alliance.” The building is now almost completely leased, so landlord GFI Development is starting to focus on getting financing for the 350-unit rental it intends to build next to 470 Vanderbilt.
Unconventional Financing Helps Deal for Brooklyn Space [NY Times]
HRA Getting Lease at 470 Vanderbilt [Brownstoner]
HRA Bows to Pressure at 470 Vanderbilt [Brownstoner]
HRA Plans Catch Flack at CB2 [Brownstoner] GMAP

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Interior work is happening at the huge building at 470 Vanderbilt Avenue, off Atlantic Avenue, where the Human Resources Administration signed a lease last fall. The latest work plans filed with the DOB are for an “interior fit out of tenant space.” HRA is shooting for a move-in by the end of 2012 and has said the move will bring 1,800 staff, 1,500 visitors and an estimated two to four million dollars in economic activity to the area.
HRA Getting Lease at 470 Vanderbilt [Brownstoner] GMAP DOB

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Remember in the beginning of the summer when Community Board 2 wasn’t too keen on the idea of the Human Resources Administration signing a lease at 470 Vanderbilt? And then the HRA withdrew its application? Well, at Tuesday’s CB2 meeting the HRA came with a revamped plan which ended up getting approved by the board. HRA addressed CB2’s main concerns about the traffic and loitering impact on the neighborhood. To decrease loitering, there will be additional security guards hired for the site. And after polling of HRA employees, most plan to take public transportation to 470 Vanderbilt. There is very little extra parking in the area, but DOT will look into freeing 121 spots by eliminating some parking restrictions on Atlantic and Cumberland. HRA is also looking to provide shuttle service to 470 Vanderbilt from the Atlantic Avenue subway, although it would be strictly for city employees. The good news for business owners in the area is that the 1,800 staff and 1,500 visitors will bring an estimated two to four million dollars in economic activity to the area. (Over what time period was not specified.) HRA is shooting for a Spring 2012 move in.
HRA Bows to Pressure at 470 Vanderbilt [Brownstoner]
HRA Plans Catch Flack at CB2 [Brownstoner] GMAP

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It seems that the blow-back at a recent Community Board 2 meeting was enough to make the city’s Human Resource Administration rethink its effort to lease 400,000 square feet of space at 470 Vanderbilt Avenue, the large commercial building currently in turnaround on the border of Clinton Hill and Fort Greene. Here’s a statement we received from an HRA spokesperson over the weekend: “HRA went before Brooklyn’s Community Board 2 to discuss the potential impact of consolidating some of its offices into one location at 470 Vanderbilt. The plan was designed to provide convenience to clients and cost savings for the City. After listening to the concerns from the community, HRA chose to withdraw its application, and will continue to be as flexible as possible in our work with communities across the City.” Pointing out that NYCHA has been operating out of 470 since January without incident or complaint, Andrew Zobler, chief executive of the landlord, GFI, told us that his company plans to try to engage in an outreach process with the community to convince it of the benefits of the HRA lease and remains hopeful that the agency would come back to the table under those circumstances.
HRA Plans Catch Flack at CB2 [Brownstoner]

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Two years after buying the hulking Telecom building at 470 Vanderbilt Avenue in Fort Greene, GFI has landed its first major tenant. Yesterday Crain’s reported that the New York City Housing Authority had signed a 20-year lease for 62,400 square feet on the second floor of the building. GFI inherited Level 3 Communications as well as a few smaller telecom-related tenants but even with the Housing Authority deal the building remains less than half-full. Meanwhile, GFI is proceeding with its plans to get approval to build a 366-unit residential building on the existing parking lot; CB2 has approved the project and it is now in front of Marty Markowitz.
Housing Authority Finds New Home [Crain’s]
470 Vanderbilt Cleared for ULURP Take-Off [Brownstoner]
Big Plans for 470 Vanderbilt [Brownstoner]

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Our Community Board 2 correspondent reports back on Wednesday night’s general meeting; the Local also has extensive coverage of the meeting.

A Public hearing about Navy Green (previously reported) preceded the general meeting with a presentation by the developer. No one spoke in opposition but one person questioned the decision to include no on site parking. A second public hearing was held concerning 470 Vanderbilt Avenue‘s rezoning (also previously reported) — the developer made a presentation (in which he mentioned that he was indeed still in discussions with Whole Foods) and there were no other speakers. The Public hearings were closed and the meeting began. Navy Green (at left) was approved as requested unanimously with one abstention. A second vote passed 23-12 requesting that some onsite parking be incorporated. 470 Vanderbilt (at right) was approved unanimously with no abstentions.

Eight new Board members were introduced. They are Kay Casanova, Thomas Conoscenti, Michael Epstein, Terrance Know, Kenn Lowy, Jesse Strauss Alejandro, Varela and Siobhan Watson. Two of eight have college degrees in City Planning. Rob Perris gave a shout out to Brownstoner.com in his presentation on the Community Board’s new web site — to be activated shortly. Rob was mentioned in a comment on the post about the Community Board rally at City Hall.