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Thread: Brooklyn Residential Development

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    Default Brooklyn Residential Development

    Larger Brooklyn residential developments belong here. Smaller Brooklyn developments belong in there appropriate neighborhood thread, respectively.

    Brighton Beach / Sheepshead Bay

    Brooklyn Navy Yard

    Clinton Hill

    Coney Island (Commercial and Residential Development)

    Downtown Brooklyn

    DUMBO

    Fort Greene

    Homecrest

    Prospect Park & Vicinity

    Williamsburg and Greenpoint
    Last edited by NoyokA; August 10th, 2005 at 01:32 PM. Reason: To clarify and organize posts related to Brooklyn development.

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    "She was tired of the city — Manhattan's pretty pricey, even for a celebrity," said a Sciorra friend.
    Oh...poor Annabella Sciorra....

    What she doesn't realize is that Brooklyn is getting 'pretty pricey' for regular folks in her neighborhood.

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    Yeah, but you can get a brownstone in a great area for, um, $1.5 million or so. In Manhattan, good luck with that (maybe Harlem).

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    some sell for as much as 2 million

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    Bushwick conversion

    June 30, 2004

    An old Brooklyn industrial property is getting a new lease on life - as apartments.

    Local developers bought the two-story brick building at 1610 DeKalb Ave. for $2.25 million, or $67 per square foot.

    They'll remodel the graffiti-covered Bushwick building for residential use - and add extra floors, because zoning allows a taller structure. The site includes a parking lot.

    Bushwick is fast becoming a hot residential market. But the building would probably have drawn buyers regardless of its location.

    "The bottom line is there's a lack of housing in New York City," said sale broker Michael Rothstein of Marcus & Millichap.


    All contents © 2004 Daily News, L.P.

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    Thanks for the understatement of the year, Mr. Rothstein.

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    Quote Originally Posted by Schadenfrau
    Thanks for the understatement of the year, Mr. Rothstein.
    Really...I wonder, in a perfect world, how many housing units could be built in NYC and be bought or rented? It has to be, at least 500K, right?

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    Foes of planned high-rise:
    Don't abridge view



    BY HUGH SON
    July 12, 2004

    It's hard to think of a more symbolic Brooklyn landmark than the Brooklyn Bridge - the span known across the world.

    Borough President Marty Markowitz wants to keep it that way, which may explain why he recommended last week that the city reject a bid from developer David Walentas to build a 16-story apartment building in Brooklyn's waterfront DUMBO neighborhood.


    Walentas' structure would obscure local views of the famed bridge, the borough president said.

    "The Brooklyn Bridge defines the elegance, grace and boldness of our borough for the rest of the world," Markowitz said, adding that he felt responsible to preserve the "marvelous" vistas of the span.

    But because Markowitz has only an advisory role in the city review process for real estate projects, the true test for Walentas' bid will come at a City Planning Commission hearing on Wednesday.

    And Jed Walentas - David Walentas' son and vice president of their Two Trees Management corporation - seemed confident that the plan to construct a 200-unit rental building at 38 Water St., within spitting distance of the bridge, would get the city's blessing.

    "I can't speak for the City Planning Commission, but this is a project that came through the Office of City Planning, and they wouldn't certify it to ULURP [Uniform Land Use Review Procedure] if they didn't feel comfortable with it," Jed Walentas said.

    "They're concerned with citywide interests, not just parochial, local interests," he added, in a jab at the civic organizations that vehemently oppose the building.

    According to several area community groups, the Walentas building will block bridge views from the Brooklyn Heights Promenade and from Empire-Fulton Ferry State Park on the East River waterfront.

    "The height of the development will forever diminish the bridge's visual impact," said Katrin Adam, vice president of the Fulton Ferry Landing Association, who noted the bridge is mostly surrounded by low-rise buildings.

    "I'm absolutely certain that this is not a good project for this location," added Judy Stanton, executive director of the Brooklyn Heights Association.

    The proposed structure - construction of which could begin in 2006 - also would include a 327-car public parking garage, 8,000 square feet of retail space and a performance area for a nonprofit group not yet selected, Jed Walentas said.

    Markowitz and the civic groups have asked the Walentases - whose developments have helped transform DUMBO from a gloomy warehouse district into a chic residential enclave - to reduce the height of their project by 100 feet to put it in line with the Brooklyn Bridge's 80-foot-high roadway.

    Jed Walentas replied that constructing the building at half the proposed height would not be economically viable.

    As for the views of the Brooklyn Bridge that critics fear will be obstructed, he retorted: "Not everybody is entitled to their view forever. Views get blocked in the city every day."


    All contents © 2004 Daily News, L.P.

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    Report shows big gains in apt. prices in 2004
    BROOKLYN



    July 13, 2004

    In the first half of 2004, Brooklyn continued to attract buyers and new development, driving average sale prices further north, the report said. Market-wide, Brooklyn saw a 16 percent increase in average sale prices. On average, New York's largest borough saw single-family homes surpass the $1.5 million mark, up 18 percent over the same period in 2003.

    Average sale prices were especially significant in Boreum Hill and Fort Greene in the first half of 2004, where average sale prices grew by 30 percent over the first half of 2003.


    Copyright 2003-2004 The Real Deal.


    NYPOST: Real Estate

    The Corcoran report also showed that Brooklyn sales and prices continue to surge.

    In the first half of 2004, the average price of all residences went up 16 percent. Sales of single-family homes were up 18 percent over the same period last year.

    Sales were especially good in Fort Greene and Boerum Hill, where prices increased 30 percent from a year ago.

    One of the fastest growing Brooklyn neighborhoods is DUMBO, where the average price of condos jumped a startling 42 percent to $1.1 million.


    Copyright 2004 NYP Holdings, Inc.

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    Clinton Hill: From Undergarments to Apartments

    July 22, 2004



    Rendering of The Kent, a new development in Brooklyn


    A Clinton Hill building which once produced underwear is set to become a high-end condo. The former Kaiser Underwear factory at 970 Kent Ave. will be transformed into The Kent.

    One of the few condo conversions in Clinton Hill – a landmarked district - the project will be finished toward the end of the year, though apartments are for sale now. The loft-style units range from 941 to 1,327 square feet, and will sell for between $350,00 and $500,000. The 103-unit building will feature a wall of large windows in each apartment, and other amenities include a gym, private courtyard with a running track and a full-time doorman.


    Copyright 2003-2004 The Real Deal.

    Fancy-pants real estate
    Ex-undie factory goes condo



    Artist's rendering shows condominium building on Kent Ave. in Clinton Hill that housed the former Kaiser Underwear factory.

    BY HUGH SON
    DAILY NEWS STAFF WRITER

    Work is underway to turn a Clinton Hill building where workers once made underwear into a tony condominium with views of Manhattan.

    Some observers believe the conversion of the former Kaiser Underwear factory at 970 Kent Ave. marks the arrival of the neighborhood as a coveted residential area.

    Each of the loft-style apartments will boast a wall of large windows - some of which have city views - and will sell for between $350,000 and $500,000, said Highlyann Krasnow of the Developers Group, which is handling sales for the project.

    "You'll have amazing windows that run throughout the full length of the room," Krasnow said.

    "This building is interesting because there aren't very many condo conversions in Clinton Hill at all - because it's a landmarked district, there's not very much new construction," she added.

    Ground-floor apartments in the Kent building will have private patios, and penthouse units will have terraces, said architect and developer Elissa Winzelberg.

    "They're fabulous apartments with really high ceilings," said Winzelberg, who explained that she designed the apartments to be especially well-lit because she felt some loft apartments tended to have poor natural lighting. The developers added a duplex penthouse level to the seven-story building, which was built in 1915 and used by the underwear manufacturers until the 1970s, said Winzelberg.

    She expects The Kent - which will have apartments ranging from 941 to 1,327 square feet - to be finished toward the end of the year, though apartments are for sale now.

    Other amenities in the 103-unit building will include a private courtyard with a running track and a full-time doorman.

    The Kent conversion comes amidst a boom in real estate values in Clinton Hill, said Suzanne DeBrango, a real estate agent at Brooklyn Properties' Fort Greene office.

    "Prices are a bit lower compared to Park Slope, which is a long-established residential neighborhood," DeBrango said, "but they are coming up so fast that the difference is almost negligible."
    The average brownstone in the neighborhood now costs about $1.1 million, and a one-bedroom costs between $220,000 and $350,000, DeBrango said.

    Originally published on July 22, 2004


    All contents © 2004 Daily News, L.P.

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    TDG has a bunch of cool projects. I thought Clinton Hill was already coveted. The parts I've been to, while not more than a third of the neighborhood, are either beautiful or being beautified.

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    when are all the skyscrapers in downtown brooklyn going to start rising? The REALLY tall ones.

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    I'm not sure if it's going to be all residential, but a site is cleared on Avenue P at East 3rd Street and three renderings are actually posted on the fence. It's neo-Italian or something, if done right it could be pretty nice. 6 floors.

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    APT. COMPLEX A 'BRIG' DEAL: MIKE


    July 30, 2004

    The mammoth Navy Yard Brig in Brooklyn — which housed prisoners and detainees from the 1940s until the 1990s — will be turned into a sprawling 400-unit apartment complex with a commercial space corridor and strips for community use, Mayor Bloomberg announced yesterday.
    "There's been a lot of misery on this site over the years and now there's going to be a lot of joy," Bloomberg said before a tour of the former naval prison in Fort Greene.

    City officials hope that the revitalization of the Navy Yard will create up to 800 new jobs in the area. Frankie Edozien


    Copyright 2004 NYP Holdings, Inc.

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