New Entry in the 4th Avenue Development Game
This rendering for a 4th Avenue development just showed up in our inbox. Per our tipster, the development will be on the corner of 6th Street and 4th Avenue, a site where a gas station has recently been demolished. The project is down the block from the Novo and Isaac Katan is its developer and…
This rendering for a 4th Avenue development just showed up in our inbox. Per our tipster, the development will be on the corner of 6th Street and 4th Avenue, a site where a gas station has recently been demolished. The project is down the block from the Novo and Isaac Katan is its developer and Karl Fisher is the architect. It’s slated to be 12 stories and have 107 units. Katan also had a hand in the Novo. GMAP DOB
Someone with the time and know-how should post a more realistic rendering. With a 6 lane 4th avenue and a U-haul right across the street.
Guess they want you to feel ‘less bad’ about obliterating the sun from your life, 2:18.
I really like the rendering. But I bet ya dollars to donuts, that when this thing is completed five years from now, it will bear only a passing resemblance to this digital fantasy.
2:11 – that was commercial RE and the market crashed, here it is residential and credit has been pulled back (the mkt has not (yet) crashed) – so yes it is different
I live just up the block from here and am delighted that the rendering says my house will be one story taller than it currently is.
AS far as bullish on Brooklyn real estate goes, ie, the continued building, you might want to look back to Houston in the 1980s. The real estate market crashed, but they just kept building.
Oh wait, it’s different this time, right?
1:58 – I stand corrected on the Novo – but again commericial ‘allows’ retail but doesnt mandate it – and looking at the rendering – it isnt clear that this building will have any.
The interesting thing about this building (as well as a few others nearby) – is that construction has started well after the beginning of the credit crunch – which indicates (to me) that these builders have been able to secure construction financing even though the capital markets have been in turmoil – clearly someone is bullish on Brooklyn Real Estate
1:23 — you are simply wrong. The ground floor of Novo’s schedule A says “medical offices” and “professional office”, not “commercial”. There’s a huge difference in zoning terms. Commercial allows retail; the other two do not.