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Thread: Downtown Brooklyn Development

  1. #856
    Kings County Loyal BrooklynLove's Avatar
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    more on this here - http://www.brooklyneagle.com/categor...id=27&id=18334

    much ado about nothing.

  2. #857

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    Yeah, the article states the problem is the state's bond financing cap.

    This will be built, but will be delayed a bit until the cap is increased.

  3. #858

    Default i say don't increase the cap

    My take is if they can't get private financing don't built it. Why should the state subsidize housing, especially during a downturn?

  4. #859
    Disgruntled Optimist lofter1's Avatar
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    Is that your take on all construction ^ ?

    No public financing -- which would, of course, mean no tax breaks -- for any projects?

  5. #860
    Kings County Loyal BrooklynLove's Avatar
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    actually, the more salient question would be why would the state/city subsidize housing during an upturn? see, e.g., recently revised tax abatement guidelines.

    re the cas site - it will not sit - too much political pressure to get this done now, whether it be through private money or govt money.

    anyway, these articles are a perfect example of the press pushing readership hot buttons. the topic du jour is - OMG the world is coming to an end and no one will ever be able to borrow a dime again - so you are seeing more and more articles looking for any hook into this emotion - the recent AY financiing speculation sheep herd for example. now this.

    unfortuantely when people write these articles they don't give the full context of the negotiation and what is par for the course in project financing of this nature. if people want to worry about the future of planned developments in nyc, there are tons more deserving of concern than this one.

  6. #861

    Default right, no tax breaks

    I don't see why the state should give developers any subsidies, except in extraordinary situations like after the 9/11 terrorist attacks in lower Manhattan. The state is unlikely to guess the right amount of housing. In the 1970s we had large abandoned buildings after state subsidies created too much housing. In the recent decade, we had a shortage.

    I think you can potentially give a developer tax breaks if they build a park or waterfront access to the public into their property though.

  7. #862
    Kings County Loyal BrooklynLove's Avatar
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    ^how unamerican that would be.

  8. #863
    Build the Tower Verre antinimby's Avatar
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    I was doing a web search for hackitect Avinash K. Malhotra and found the rendering for this project on brownstoner.





    Quote Originally Posted by krulltime View Post
    Something is happening at a block on Tillary street and close to Gold Street. Hmmm... any ideas?
    June 22, 2007:

  9. #864
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    yeah, i remember seeing that. the karl fisher version was a bit better, but barely. i think that these buildings are decent. but as we've already learned, i'm not much of a critic.

  10. #865

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    http://www.brownstoner.com/brownston...nt_wat_190.php

    someone on this thread points out that only one lot is being developed -- seems right to me. when is aloft coming?

  11. #866
    Kings County Loyal BrooklynLove's Avatar
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    both permits are fresh and in place. they seem to be putting one up at a time, although the last time i was by the site it looked like they were excavating for the other hotel. i don't imagine they would wait until one is done to do the other b/c they're not going to be selling any hotel rooms adjacent to a construction site.

    here's the permit for one building - 216 duffy
    http://a810-bisweb.nyc.gov/bisweb/Wo...96&requestid=1

    and the other - 222 duffy
    http://a810-bisweb.nyc.gov/bisweb/Wo...35&requestid=4

  12. #867
    Build the Tower Verre antinimby's Avatar
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    235 Gold St. might not look so terrible afterall...

    From across Tillary:



    From Gold & Concord Sts.:


    Winick

  13. #868

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    ^I can deal with that. The area needs to see lots of residents move in.

  14. #869
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    Haha, I knew you'd like it, sfenn.

    I would have liked to see the set-back tower portion facing Tillary, to be taller, at least ten more stories.

    As it is right now, the whole block just looks too table-top flat to me but overall, I guess it could be worse.

  15. #870
    Forum Veteran krulltime's Avatar
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    Looks ok. What are they going to do with that oldish building in the middle of both new buildings? It is kind of ugly how it looks now. Maybe open some windows again?

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