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]
i live behind the hotel construction site on duffield. what i find most humorous — and, no, it isn’t being awakened at 8 am every single saturday — is that it’s across the street from a “job” (read, welfare) center. can’t wait to see how those high end clients will react to people standing on line for their checks.
terrific article.
i wish people like WT economist and all the other naysayers who constantly talk about a real estate crash in brooklyn would read these articles. i’m guessing that even if they did, they’d have negative things to say. you know…there aren’t going to be 5000 people who want to fill the condos, no one stays at hotels in brooklyn, etc.
i am certain brooklyn will prove them wrong.
Well, I hope that with this influx of thousands of new people, whether residents, visitors, or workers, someone is thinking about infrastructure and especially the impact on public transportation in the downtown area and surrounding b’stone neighborhoods.
brooklyn in the house!oh-heh.
To think I almost let the nabe. almost all my relatives cash out and went to eastern part of queens and most friends went to staten island.
oh well.
Sun article doesn’t mention possibility of another hotel on Atlantic and Boerum across from House of Detention or what might/could happen with House of Detention.
Very happy that area is getting all the new development….has been neglected/underutilized for decades.
Has great central location with plenty of public tranportation.
Big benefit to all NYC that it is finally getting attention.
Hey – just to make sure:
“In addition, it is rumored that Forest City has plans to construct a residential condominium on the former site of Brooklyn Technical High School; the school would move to MetroTech.”
They’re not talking about tearing down the Brooklyn Tech HS in Fort Greene, are they?
I never cease to be amazed by the sheer number of projects, large and small covered in the Development Watch feature of Brownstoner.
Me, too, SPer. It’s development done right — provided the Underground Railroad houses are preserved.
As an opponent of AY, I just want to say that I’m delighted with the high rise construction in Downtown Brooklyn. Brooklyn has long deserved the vibrant downtown that we once had when we were an independent city!