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Thread: Brooklyn Residential Development

  1. #241
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    Quote Originally Posted by ZippyTheChimp View Post
    A little fuzzy perhaps, but close to accurate.

    http://local.live.com/?v=2&sp=aN.qrw...%2520States___

    The broker could have at least gotten the address right. It's Sea Breeze.

    Seabreeze is in Queens.
    Seabreeze Avenue is right next to Ocean Parkway/Brighton Beach

  2. #242

    Default belltel lofts

    I think this one is in downtown Brooklyn: http://belltellofts.com/

  3. #243
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    The old AT&T building

  4. #244
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    Do Arson and Development Go Hand in Hand?

    brownstoner
    September 18, 2006



    This week's New York Magazine revisits the role that "accidental" fires play in a city's (in this case Brooklyn's) regenerative evolution.

    As the article reminds, last summer's 10-alarm blaze that destroyed the Greenpoint Terminal Market was only the tip of the iceberg: the 2006 "fire season" saw a 50% rise in the number of two-alarm-and-higher fires over 2005, which itself had been a record. Is it just coincidence that the real estate market was setting new highs both years? Particularly suspicious, according to the article, were the eleven fires in the Prospect Heights "Pacific Street Corridor" between December 7, 2005 and February 24, 2006.

    Atlantic Yards, anyone?

    Brooklyn Is Burning [New York Magazine]

  5. #245
    Forum Veteran krulltime's Avatar
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    Brighton Beach to Get Modern High-Rise
    Named The Sochi After Russian Resort City Known as Summer Capital of Russia





    By Linda Collins
    published online 10-19-2006

    BRIGHTON BEACH — Possibly giving developer Joshua Muss a run for his money, a 22-story modern high-rise will soon be built in Brighton Beach, just blocks from Muss’s massive Oceana Condominium and Beach Club.

    The Bobker Group, a Brooklyn-based development company originally from Australia, reports it has closed on a waterfront residential development site at 271 Sea Breeze Avenue.

    The company, in conjunction with several partners, plans to construct an 85-unit condominium tower on the property, which is currently a vacant lot, according to Ben Bobker, a principal.

    “We will be breaking ground within a few months,” Bobker said, adding that completion is anticipated for 2008.

    The Bobker Group’s partners include Perry M. Finkelman, CEO of American Development Group; and Mark Engel, CEO of Langsam Property Services Corp.

    Architect Michael Even of EM Design Group, based in Manhattan, is designing the project.

    And with its location in the predominantly-Russian area of Brooklyn, the development will be called The Sochi after the famous Russian resort city on the Black Sea, known as “the summer capital of Russia.” Brighton’s Sochi will offer unobstructed views of the Atlantic Ocean. That is because the New York Aquarium is across the street between the high-rise site and the beach.

    The units will range from one-bedroom to three-bedrooms plus there will be several duplex penthouses. Amenities will include high-end imported finishes, floor-to-ceiling glass windows, secured parking, and a lifestyle-enhancing health club to include tennis courts, an indoor swimming pool and a fitness center.

    The Bobker Group is currently developing over 500,000 square feet of residential condominium projects in the city, including the Morgan Lofts, an $80 million project at 36th and 5th in Manhattan; 127 Twin Tower condominiums in White Plains; and a 42- unit development in Gravesend, Brooklyn, adjacent to the prominent Syrian Jewish community, in conjunction with well-known Russian general contractor Joe Klaynberg from Wonderworks.

    This new site is a large through-lot (to Brighton Avenue) that is 21,720 square feet and measures approximately 150 feet by 145 feet. It is zoned for residential use.

    The June sale was reported at $13.8 million by propertyshark.com.


    © Brooklyn Daily Eagle 2006


    Last edited by krulltime; November 6th, 2006 at 03:46 PM.

  6. #246
    Build the Tower Verre antinimby's Avatar
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    Thumbs up

    Anytime we replace an empty lot with 85 units of housing is always good news and the building looks very nice as well.

  7. #247

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    Hey guys. I don't know if you remember a New York Times article a couple of months back but it discussed the Sephardic Jewish community in Gravesend, Brooklyn. Apparently, this group is buying multi-million dollar houses, knocking them down and putting up houses in the $10-$12 million range. Has anyone ever been in this neighborhood. If so, does anyone have an pictures of these houses? Just curious...

  8. #248

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    Quote Originally Posted by krulltime View Post
    The units will range from one-bedroom to three-bedrooms plus there will be several duplex penthouses. Amenities will include high-end imported finishes, floor-to-ceiling glass windows, secured parking, and a lifestyle-enhancing health club to include tennis courts, an indoor swimming pool and a fitness center.
    Where's the parking? In a structure? Or is it that gross lot in the upper right?

  9. #249

    Default 271 Sea Breeze Avenue (The Sochi)

    Curbed
    November 6, 2006

    21 Stories of Glass Coming to Coney Island

    By Robert



    Looks like a 21-story glass-looking building is coming to the eastern edge of Coney Island near Brighton Beach. Coney blog Kinetic Carnival posts the rendering above of the luxury condo that's going to rise at 271 Sea Breeze Avenue. The building is north of Asser Levy Park and promises views of the water, not to mention an excellent vantage on the New York Aquarium and Thor Equities project. The building is being called The Sochi after the Russian resort city on the Black Sea. Units will be one- to three-bedroom with floor-to-ceiling glass windows and there will be a health club, tennis courts, indoor pool, etc. The developer is the Bobker Group, which is also developing the property dubbed "Lake Windsor" in the South Slope, for that coming full circle sense of irony. The property sold for $13.8 million in June.

    · 21-Story Glass Tower to Rise Across Aquarium [Kinetic Carnival]
    · More Coney Island Redo Renderings [Curbed]

    Copyright © 2006 Curbed

  10. #250
    Forum Veteran krulltime's Avatar
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    I had already posted this story before...

    http://www.wirednewyork.com/forum/sh...&postcount=245

  11. #251

    Default

    Thanks; I did a search but was looking to see "271 Sea Breeze Avenue" in the thread title, so I missed it.

  12. #252

    Default looks like rented out condos should handle surplus in Brooklyn

    http://www.globest.com/news/789_789/.../150920-1.html.

    Hopefully, investors still want to own these condos. I believe individual condo owners are except from rent regulation laws because they are not multi-unit apartment owners according to the law, so there's a good chance there will still be demand even if the market for actual owner occupied housing falls a bit. That is, people may still condos if investors buy them.

  13. #253

    Default gentrification in east new york?

    Along with the Starrett City/Spring Creek Towers sale, there is this from curbed: 3) East New York: Is a major renovation coming to this little mentioned part of Brooklyn? A tipster reports, "East New York, that's right in East New York, the reported 'next bed-stuy' will be the home of a 1,000 unit conversion. Seems to be legit, and OH MY GOD, actually made with the community in mind. I was at a Fillmore real estate career night at the Marriott last night and the broker said that local banks, and associations have ear marked up to 25% discounts for low-income families in the area. so they can afford to buy-in with rates as low as 4.5%, if this is true it will be a win for the low-income housing needed in NYC. I believe they said 'Fairfield,' but I am not familiar with this area in East New York." [CurbedWire Inbox]

    I would have to think a major sale of Starrett City coupled with a few convesions in East New York could turn money there to rental investments, along the lines of what's been seen in Bedford Stuyvesant. Crime in this area still seems like it harkens back to the pre-Guliani another era if you look at police stats though - I'm wondering if that would be an obstacle?

  14. #254
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    Personally, I think this city has enough lower income housing. Here we have an example of banks using dollars deposited by middle income and rich to build lower income housing. The city needs middle income housing. Every major newspaper has written about the squeeze on the middle class and its slow disintergration. We have enough low income housing and every 80/20 building assures we have more hitting the marketing with regularity.
    Last edited by BrooklynRider; December 3rd, 2006 at 09:28 AM.

  15. #255
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    It's just more PC to help out the poor.

    Has always been.

    It looks good and no one will dare say anything negative about it.

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