NY Sun: Downtown Brooklyn Is Booming
There’s a ton of information in today’s NY Sun article “Downtown Brooklyn Is Booming” — too much to fully cover in one blog post, so we’re going to focus on some of the things that we haven’t touched on recently or are news to us. Big picture: More than 5,000 condominium units and 2,000 hotel…
There’s a ton of information in today’s NY Sun article “Downtown Brooklyn Is Booming” — too much to fully cover in one blog post, so we’re going to focus on some of the things that we haven’t touched on recently or are news to us. Big picture: More than 5,000 condominium units and 2,000 hotel rooms are in the pipeline. Newsflash #1 is that The Smith (rendered at right), Leviev Boymelgreen’s project at Smith and Atlantic that seems to be dragging on forever, will have more hotel rooms(93) than condos (50). Forest City Ratner has more than just Atlantic Yards on its plate, with a one million-square-foot mixed use tower at 300 Jay Street planned and another 800,000-square-foot residential complex contemplated on the former site of Brooklyn Technical High School.
In hotel news, McSam Hotels will begin construction later this year of 200 moderately-priced rooms at Nevins and Scherhorn streets; the Lam Group is already building the adjacent 300-room Sheraton and 200-room Starwood Aloft on Duffield near Willoughby.
The Flatbush Avenue building boom, started by the Oro Condominium, will continue as well: AvalonBay will start on a 42-story residential tower on the southern portion of the block bounded by Gold Street, Flatbush Avenue, Myrtle Avenue, and Prince Street while nearby the North Development Group will kick off a 21-story condominium project at 85 Flatbush Extension.
“The demonstrated high demand for Brooklyn defines it as the leading destination for the young urban professional and growing families looking for affordable, high-quality housing, driving the absorption of new condominium development,” the president of Metropolitan Valuation Services, Steve Schleider, said.
Downtown Brooklyn Is Booming [NY Sun]
“…the economic development corporation developed that property as an internet server “farm.” however, it has never filled up.” – 3:24 PM
And we still haven’t learned. Boom boom boom…crash crash crash.
Wow. Our very own (new&improved) Times Square! Do we get a ball-drop and everything?
12:21: actually, i worked at legal aid for years representing people in welfare, disability, and medicaid hearings, so i’m not advocating their removal/replacement with gaps/walmarts. i was just commenting on the striking change in downtown brooklyn.
12:06
Dear 3:24, Thanks very much for your info. That explains that. They obviously are using a VERY low key marketing approach, since I have been wondering about this place for 2 years.
hmmm, guy from dobro is excited to be living in the middle of 5-10 years of construction…. i wonder if he is moving here from starrett city or vanderveer estates, a couple of other bistricer projects.
I was thrilled when I read this article. I just bought a condo in Belltel Lofts at 365 Bridge St. Won’t be moving in for a couple of months. This area has so much oppurtunity for growth. I think some people will only believe it when they see it.
http://www.belltellofts.blogspot.com
donatella, the economic development corporation developed that property as an internet server “farm.” however, it has never filled up. others, including some who would have taken blocks of spaces, have expressed interest in the parking lot only to be rebuffed. also rejected were inquiries by former assemblyman roger green, who was interested in locating a school in the building.
I am wondering what building — industrial looking/office building– is on the south side of Fulton between Vanderbilt and Clermont. It has a HUGE empty parking lot. It seems like some kind of spooky compound with many windows blocked up. I would gladly pay to park my car there.
Anonymous 2:03. What’s the frequency Kenneth