How will trends such as rental investing and high tech affect real estate and the economy in Brooklyn and beyond?
Wondering whatever became of Brookland Capital's plans to develop a neo-Gothic church on Washington Avenue in the Clinton Hill Historic District?
A plan to transform a historic stable-turned-parking garage into apartments by prolific Bed Stuy developer Brookland Capital has a new look.
The roof of an under-construction building at 658 Washington Avenue in Prospect Heights collapsed around 9 a.m. this morning. No injuries have been reported.
DOB records confirm the collapse and building evacuation at the already long-vacant structure. The fire department called for the DOB to inspect the site “due to roof collapse of building under permitted alteration.” Above, the site in 2014.
Prolific Brooklyn developer Brookland Capital has moved into Clinton Hill with an $8,800,000 purchase of St. Luke’s Evangelical Lutheran Church. What’s next for the former house of worship at 259 Washington Avenue? Condos, of course, according to the Commercial Observer, which first reported the sale.
However, the church is landmarked, according to city records, which could severely limit what Brookland Capital is able to do with the property. The Observer said Brookland Capital plans to restore “part of the exterior” and “extend the building in the back.”
Finally, some action at 1255 Bushwick Avenue, where Brookland Capital has been planning a conversion of the former St. Marks Evangelical Lutheran Church into apartments. The developer has been steadily chipping away at the old building, and now it’s down to just a facade.
It’s braced in place, and ready for a foundation to be dug and an addition to rise behind it. The property is extensive and goes back deep into the block, wraps around the house next door, and continues out to the next side street.
Outwardly, there is not much sign of progress at 850 Metropolitan Avenue in East Williamsburg, where one of Brooklyn’s busiest developers, Boaz Gilad’s Brookland Capital, plans to convert an old condensed milk factory into condos. And indeed, a dive into the permits reveals construction has not yet started.
We have high hopes for this project, which has a very attractive rendering that shows a contrasting modern addition. The new design is actually more interesting than the existing factory and enhances it, in our opinion.
But building rules may prevent it from happening. After closing on the property in July of last year for $9,350,000, the developer filed an application for alteration permit in December, intending to add a fourth story and 34 apartments. The permit has not yet been issued, and zoning approval (or disapproval) is pending, DOB records reveal.
The Brooklyn Chamber of Commerce last week announced the winners of its 2015 Building Brooklyn Awards. The annual event honors recently completed construction projects that improve Brooklyn in 13 categories.
“The borough of Brooklyn is truly an innovation hub, where builders and designers can put their craft to use and enhance the city that surrounds them,” said Chamber President and CEO Carlo Scissura in a prepared statement. “These projects represent the creative influence and inventive culture that inhabit our borough.”
The judging committee includes architects, city planners, economic development experts, business leaders — including Brownstoner’s publisher, Kael Goodman — and government officials. It meets every spring to select the winners.
A celebration and ceremony will take place July 21 at the Kings Theatre. Guests of honor will be CEO of Industry City Andrew Kimball and NYC Department of City Planning Executive Director Purnima Kapur.
The winners are:
Green-Wood Cemetery won in the Arts and Culture category for its Green-Wood Cemetery Chapel Extension.
Brookland Captial won in the Adaptive Reuse catogory for its renovation and restoration of 156 Broadway. The long-neglected and crumbling former cabinet factory was made over into eight loft-like condos. The exterior of the building was restored on the upper floors, and a new retail space created on the ground floor. You can read more about it here.
Sales have launched at Brookland Capital’s new condo building at 1094 Madison Street in Bushwick, with three out of eight planned units hitting the market.
The condos, all one-bedrooms, run from $425,000 for a 567-square-foot unit to $479,000 for a 896-square-foot duplex. The finishes and layouts look pretty typical of new-construction luxury rentals, although these are not rentals. They have big windows, open plan layouts, Caesarstone countertops, walnut vanities and custom cabinetry.
With prices under $500,000 and under $1,000 a square foot, they seem like they could appeal to first time buyers.
We think the modern metal exterior looks much nicer than typical new-construction buildings of its size in these parts (which tend to be Fedders three-family rental buildings). We don’t think it’s a bad fit for Bushwick, either, although Bed Stuy residents have objected to modern-style new construction in their mostly brownstone neighborhood just a few blocks from here.
Brookland Capital, which has made a name for itself by developing a remarkable number of condos in Bed Stuy, Clinton Hill, Crown Heights and even in East Flatbush, has unveiled a new building in a bit of a more expensive neighborhood: the Gowanus side of 4th Avenue.
The rendering, which was first published by New York YIMBY, shows a glassy 11-story tower. Many units have terraces and there is a penthouse unit set back at the top.
When complete, the building will be 31,859 square feet and will have 30 apartments, according to plans submitted in December and yet to be approved. (The developer told NYY it will have 38 units.)
There will be a gym and a common terrace on the second floor. At street level, the building will have a 5,000 square foot retail space divided into two units — much preferable to a blank wall for parking, we think. The building was designed by architecture firm RoArt.