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Thread: NYC Targets 5.4M SF in New Brooklyn Office Towers

  1. #1
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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    BROOKLYN, NY-The patchwork quilt that is this borough's commercial gentrification took a major step toward unification yesterday afternoon when the New York City Mayor's office unveiled plans for major upgrades in office, multifamily and cultural developments. Called the Downtown Brooklyn Plan, the strategy, unveiled by Deputy Mayor for Economic Development and Rebuilding Daniel L. Doctoroff and key local politicos, calls for the creation of some 5.4 million sf of commercial space, initially in three office towers; 1,000 new multifamily units with a substantial affordable-housing component; and the creation of a cultural district of theaters, galleries and rehearsal studios centered around the Brooklyn Academy of Music.
    Financial details of the developments are still sketchy, Doctoroff told GlobeSt.com, and the Deputy Mayor admitted that incentives to drive developers and tenants to Brooklyn are still unformed. He did estimate that over the next seven to 10 years, the city would invest some $100 million in infrastructure improvements to make the various projects under the plan come to life. These expenditures would come in addition to the cost of transportation upgrades.

    The push to develop the borough is an economic necessity, Doctoroff stated, in a city whose "market share for office workers has been declining for decades. In the last boom period this city had no space for companies that wanted to stay or grow here. There was no available space for less than $40 per foot. As a result, we lost jobs." By contrast, he continued, Jersey City's development push resulted in space for 50,000 new workers. The new program "will give New York city the opportunity to create class A office space without the class A rents."

    He explained that the new focus on Brooklyn, which will begin with rezoning for the new commercial projects, is part of an overall push on the part of the city to provide commercial users with alternatives beyond Midtown Manhattan. The Lower Manhattan incentive--one of those alternative sites--has been the most publicized focus since the Sept. 11, 2001 terrorist attacks. But also included in the strategy are the Hudson Yards and Long Island City.

    "In each case, public investments will ensure a broad array of alternatives for companies who need them," he said. "One size does not fit all."

    The new construction would be centered mostly in close proximity to the Forest City Ratner's ongoing MetroTech Center acting as a sort of hub to existing developments in Brooklyn such as Dumbo, Brooklyn Bridge Park, and Atlantic Terminal.

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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    Developing Downtown Brooklyn
    City plans to invest $100M for office towers, extra housing

    By Glenn Thrush
    STAFF WRITER

    April 15, 2003


    The Bloomberg administration plans to invest $100 million in Downtown Brooklyn over the next decade in the hope of convincing private developers to build four office towers and 1,000 units of housing.

    The area adjacent to the Metrotech Center office complex would be rezoned to allow the construction of 5.4 million square feet of office space - in towers of any height a developer wants.

    "We have got to be ready for the next upturn and in order to do that we've got to make space available," said Deputy Mayor Dan Doctoroff, who unveiled the proposal yesterday at Metrotech.

    The proposal is part of Mayor Michael Bloomberg's attempt to spur development through infrastructure investment and zoning changes in Long Island City, the West Side and lower Manhattan.

    City planning commissioner Amanda Burden said no developers have been chosen and the city hasn't figured out how to consolidate all of the land, most of which is privately held.

    Construction on the commercial buildings could begin as soon as 2005 but "we are making no predictions whatsoever about when this will occur - we cannot predict markets," Doctoroff said.

    The city would pay for two new parks, including a 1.2-acre square at Willoughby Street, along with major improvements to local streets and parking for 2,000 cars.

    The zoning changes, which require City Council approval, would allow Polytechnic University and other local colleges to construct new facilities.

    New apartment buildings would be built on Myrtle Avenue in Fort Greene and Livingston Street in Brooklyn Heights.

    The city would only buy some of the necessary land as a last resort, and city officials say they have no plans to use tax breaks to lure businesses.

    Bear Stearns signed a 20-year lease at Metrotech last month after threatening to relocate 1,500 jobs to New Jersey. The company had received millions in city tax abatements since moving into the complex in 1991.

    The four towers could be built at any height a developer wanted because restrictions would limit an architect's creativity, Burden said.

  3. #3

    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    "The four towers could be built at any height a developer wanted because restrictions would limit an architect's creativity, Burden said."

    hmm..Here's from another article..
    \http://www.nynewsday.com/news/local/...lines-brooklyn

    The four towers could be built at any height a developer wanted because restrictions would limit an architect’s creativity, Burden said.

    That alarmed Borough President Marty Markowitz, who said he’d fight to preserve the pre-eminence of the borough’s sole skyscraper, the 512-foot Williamsburg Savings Bank building.

    “We don’t want the Manhattanization of Brooklyn,” said Markowitz, a Democrat, who supports the rest of the plan. “That building must always be Brooklyn’s biggest building.”

    (Edited by Derek2k3 at 10:53 am on April 15, 2003)

  4. #4

    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    What a revolting reactionary. When are the elections?

  5. #5

    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    The four towers could be built at any height a developer wanted because restrictions would limit an architect's creativity, Burden said.


    If this is true in Brooklyn, doesn't it apply to Manhattan ?

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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    Markowitz is a hypocrite.

    But this seems very interesting. Creativity, height...

  7. #7

    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    Does anyone know when the next elections will be held? The BP is potentially a serious nuisance, depending on his actual power.

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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    He's very loud but also his preferences are based on what he thinks the public will like him most for, therefore his mind can be changed easily.

    I don't know when the elections are. However the previous borough president held office for 28 years so it's not a good sign.

    I'm writing him a letter.

  9. #9

    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    Next BP elections are Nov 2005.

    Markowitz is no Golden.

    This blowhard should read some local history. Brooklyn was once a major city in it's own right, not a suburb.

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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    I wrote him last week regarding his reported comments. *I got no reply.

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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    Actually, I just got a reply....

    Mr. XXXXXXX:

    The Borough President wanted me to reply to your e-mail concerning his recent statements about the height of the Williamsburg Savings Bank building. *He believes that the context of the Williamsburg Savings Bank building should be protected and that there shouldn't be a taller building in the immediate neighborhood. *But that doesn't mean Brooklyn can't have taller buildings in the downtown core. *Nobody is more committed to continuing the economic renaissance in Downtown Brooklyn, and throughout the borough, than Marty Markowitz. *He is constantly selling Brooklyn to
    whomever will listen that there is no better place to do business than our tremendous borough. *He certainly believes that the City's new development plan for Downtown Brooklyn is another very positive step in the right direction. *I hope this clarifies the Borough President's position.

    Sincerely,

    Andrew Ross
    Director of Communications
    Brooklyn Borough President Marty Markowitz

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    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    I think he's just covering him. Clearly his initial statements were for the entire borough, or else he misunderstood the plan.

    But he's right about Markowitz selling Brooklyn to everybody he can find.

  13. #13

    Default NYC Targets 5.4M SF in New Brooklyn Office Towers

    City Planning now has an online presentation: http://www.nyc.gov/html/dcp/html/dwn...lynintro1.html

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