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Thread: Downtown Brooklyn Development

  1. #1096
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    Two thumbs up for the new Trader Joe's on Court Street. I understand it is the largest in the chain and, being in an old bank, the ceiling heights are wonderful.

  2. #1097

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    NY Daily News

    School in old Brooklyn Family Court building is dangerously incomplete

    BY RACHEL MONAHAN
    DAILY NEWS STAFF WRITER
    Monday, October 6th 2008, 4:00 AM


    Ward for News
    This former Family Court building in downtown Brooklyn has a new life as a school, but it still has major problems.

    As soon as you come over the Brooklyn Bridge you see it - the once-dingy old Family Court building on Adams St. turned into a brightly colored public school building.

    Workers toiled around the clock in the weeks leading up to the start of school last month, but the building wasn't ready for students, parents and students told the Daily News. Worse, they say, it's actually dangerous.

    "They need to look at all the problems. They need to go back and do it correctly," said Evangeline Coard, a parent at the highly regarded Urban Assembly School for Law and Justice high school, which shares the building with a middle school and a special education school.

    The school seemed almost booby-trapped from the start.

    A brick fell out of the drop ceiling into a first-floor office in the last few weeks. There were broken windows and exposed wires when students arrived.

    A door - marked room number 617 - was left unlocked and leads not to a classroom, but to a 10-foot drop onto the roof.

    "They were supposed to have a [locked] fire door there," said School for Law and Justice PTA officer Nikki Harris. Her son Troy, 17, a senior, and other students were excited to move to the new building.

    "I figured ... everything would have been perfect when they walked into the building," said Harris.

    Instead, the fire alarm has mistakenly gone off repeatedly - six or seven times one day, said parent Frank Dow, whose daughter attends eighth grade at the Urban Assembly Institute of Math and Science for Girls.

    "[Students] walked into a building where all the kinks haven't been worked out," said Dow. "I don't understand how they didn't get that corrected. Students are going to start thinking if the alarm goes off there's no fire.

    There's the potential for all kinds of crazy things to happen."

    Science labs for the high school aren't functioning yet, either. The gas won't be turned on for months, students said they were told. A haywire air-conditioning system makes some classes frigid and others boiling.

    "It's been mad cold," said sophomore Symone Pritchard, 14.

    The roof leaked, displacing classes for a week from a high school room on the fifth floor while repairs were done. Water stains were still evident last week on the floor below - where classes had to be moved for a day.
    "Each day a new piece of the roof was missing," said Tornelle Simon, 15, a 10th-grader.

    Education Department spokeswoman Margie Feinberg insisted the building is "safe." Principals of the schools did not return calls for comment.

    "The work is ongoing," said Feinberg. "We knew there would be work that we would have to complete after the building opened in September."



    © Copyright 2008 NYDailyNews.com. All rights reserved.

  3. #1098

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    Updated On 10/06/08 at 03:51PM

    Newly formed GSLM closes first deal


    Columbia Hicks rendering


    By David Jones

    GSLM Capital Partners said it completed financing on the proposed $55 million Columbia Hicks apartment complex in Cobble Hill, marking the first development under GSLM's recently launched urban investment fund.

    GLSM, a partnership of L&M Development Partners and Goldman Sachs' Urban Investment Group, established an $100 million urban investment fund in April to develop mixed-income housing in New York and other cities.

    “We’ve been committed to rezoning and redeveloping this site with L&M into much-needed mixed income housing since January 2006,” said Carrie Van Syckel, a vice president at Goldman Sachs Urban Investment Group. “This particular area of Cobble Hill is a unique community and the sites were prime to be redeveloped, having been underutilized with light industrial activity.”

    Columbia Hicks is a 149-unit rental complex on Columbia Street, just south of Atlantic Avenue on the Brooklyn waterfront, which includes 50 affordable units. The project, originally proposed in 2007, was scaled down after a series of contentious meetings with community members near the waterfront site.

    Community activists were initially concerned about the height of the building and potential zoning changes in the area. Part of the project sits on land that the developer acquired from the city, according to Seth Donlin, spokesman for the Department of Housing Preservation and Development.

    Citibank is providing the permanent and construction financing for Columbia Hicks. The city Housing Development Corp. provided about $20 million in bond financing and $6.4 million in low interest subordinate debt.

    Ground breaking is scheduled to begin this month, with completion expected by late 2010. Pre-sales are expected to launch by mid-2009.

    Goldman Sachs and Westchester-based L&M previously teamed up on several development deals, including the Aspen, a rental building at 1955 First Avenue and the Kalahari, a luxury condominium at 40 West 116th Street.


    http://beta.therealdeal.com/articles...ses-first-deal

    © 2008 The Real Deal

  4. #1099
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    Avalon is jamming big time on their tower - boom crane is up and they're getting close to moving above street level - the crew there is huge. Those south facing windows in the Toy Factory condos have about a month or so of life left.

  5. #1100
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    Dekalb is up to the third floor too.

  6. #1101
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    Default 80 Dekalb

    Speaking of which, here's a recent pic...


  7. #1102
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    235 Gold St.




    The 'rear' portion...

  8. #1103

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    NY1

    BROOKLYN IS GOING FI$HING

    SEEKS MANHATTAN BIZ


    By RICH CALDER



    Posted: 3:37 am
    October 15, 2008

    Brooklyn is spoiling for a fight with Manhattan in a new push to lure businesses across the East River.

    Taking advantage of the slumping economy, the public-private Downtown Brooklyn Partnership plans to kick off an aggressive marketing campaign early next year to attract Manhattan and New Jersey businesses to the cheaper rents in Brooklyn's business district.

    The partnership plans a media blitz that includes advertising, direct marketing and promotions.

    It hasn't decided on slogans yet or how much will be invested.
    Brooklyn Borough President Marty Markowitz said he welcomes the campaign.

    "The 'Brooklyn Renaissance' continues to transform Downtown Brooklyn into one of America's most livable downtowns - a vibrant, 24/7, live-work urban center - and I applaud . . . the Downtown Brooklyn Partnership for building on my efforts to show businesses 'how sweet it is,' " he said.

    But lower Manhattan Councilman Alan Gerson said the partnership should concentrate on soliciting New Jersey businesses and leave Manhattan alone.

    "Brooklyn and Manhattan should be working together to come up with common marketing strategies to keep businesses in New York rather than trying to steal from one another," he said.

    Glenn Markman, an executive director at Cushman & Wakefield, said there's already been "a wave of leasing activity" in the last six months involving Manhattan companies gravitating to Brooklyn.

    He said he believes the marketing campaign will help keep businesses in the Big Apple as Manhattan companies already looking to move could consider Brooklyn. He said the partnership's previous work has helped turn Brooklyn into "an attractive, low-cost option to the Jersey waterfront, Manhattan" and other locations.

    Downtown Brooklyn went through a development boom after a massive rezoning by the Bloomberg administration four years ago.

    But a thriving residential market has so far been the rezoning's downfall as developers built condos, luxury apartments and hotels instead of new office and retail space.


    Copyright 2008 NYP Holdings, Inc. All rights reserved.

  9. #1104

    Default Any news on Oro closings?

    Has anyone heard any further word on closings at Oro? I live nearby, and am curious to know when people will actually be moving into the empty monolith my wife and I refer to as The Building That Time Forgot. Last we'd heard, closings were "definitely" beginning October 15; of course, after this many delays, there's no reason to count on anything. Anyone know anything?

    Thanks.

  10. #1105

  11. #1106
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    The much anticipated Avalon Fort Greene has emerged from behind the construction fence. I think I saw a sign that said 'Coming in Summer 2009'. Sounds like a fast track project.

  12. #1107
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    New Plans for Myrtle Avenue, Brooklyn


    Plans for the remaining buildings on Myrtle Avenue in
    Brooklyn have been delayed due to the unavailability
    of bonds, said developers Red Apple Real Estate.
    The $26 million initial phase is being financed
    personally by John Catsimatidis, chairman and CEO
    of Red Apple as well as market rate bank financing.
    Rendering courtesy of Dattner Architects.


    October 2008

    Developers Red Apple Real Estate, Inc. has recently broken ground on the first phase of its Myrtle Avenue development project in the Fort Green, Brooklyn.

    The project will include three low-rise buildings and a high-rise tower. The first phase of the project features 85,000 sq ft of market rate apartments and 22,000 sq ft of retail space. A drug store and supermarket will also be included.

    Designed by Dattner Architects of New York, 218 Myrtle Avenue is a new nine-story residential and retail building at Myrtle Avenue and Ashland Place. “The exterior of the building is brick in several colors and patterns with metal panel highlights,” said a spokesperson for Red Apple. “Canopies and sunscreens shade public areas as well as adding scale. The first floor of the building at the street is a carefully designed retail storefront interspersed with the residential lobby to provide a neighborhood shopping experience on the lower two levels of the building.” The remaining eight residential floors will have 95 studio, one- and two-bedroom apartments.

    Amenities will include a physical fitness center, community room, an outdoor recreation area and parking facilities.

    Plans for the remaining buildings have been delayed due to the unavailability of bonds, said Red Apple. As such, the $26 million initial phase is being financed personally by John Catsimatidis, chairman and CEO of Red Apple as well as market rate bank financing.

    “Before Freddie Mac and Fannie Mae and the host of other factors plaguing our economy we envisioned a much larger project being developed all at once on our three block property on Myrtle Avenue including a luxury condominium tower, additional condominium units and a retail ribbon spanning the length of this three block ‘superblock’,” said a spokesperson for Red Apple. “In recognition of current markets conditions we’ve split the project into four sites and four buildings. Previously they would have been connected by retail bridges. Now each being will be freestanding although we still envision this as one project and optimally would like to stage each phase one after the other so as to achieve certain synergies.”

    “New Yorkers deserve the best quality of life possible and moving forward with a development that will include a neighborhood supermarket and a drugstore to meet the needs of this underserved community is the right thing to do,” said Catsimatidis. “I am pleased that we were able to structure a transaction that will allow this to happen.”

    Rinaldi Group LLC of New York began construction work on the first phase of Myrtle Avenue in May 2008 and pending the development of the remaining phases, Red Apple is optimistic about completing the initial stage in July 2009 and immediately moving onto the next phase, the affordable housing component.

    © 2008 The McGraw-Hill Companies, Inc.

  13. #1108
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    Let's see what he deems mkt - this location is a big time stretch for lux 2k studios. Subways not all that close, amenities not all that close, PJs very close. The walk home at night down Myrtle from fFatbush will be an exilerating one.

  14. #1109

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    Quote Originally Posted by BrooklynLove View Post
    Let's see what he deems mkt - this location is a big time stretch for lux 2k studios. Subways not all that close, amenities not all that close, PJs very close. The walk home at night down Myrtle from fFatbush will be an exilerating one.
    Between Oro, Toren, Avalon (over 1,000 units in those three buildings alone), the Myrle / Flatbush intersection should be relatively pleasant soon.

    This is ingoring Citypoint, Myrtle/Flatbush beautification and other projects which are still planned but not 100% certain. The recession will delay progress, but enought resources have been thrown at the area that enought things should stick...

  15. #1110

    Default Great article

    The Changing Downtown B’klyn Skyline by Linda Collins (linda@brooklyneagle.net), published online 11-03-2008

    By Linda Collins
    Brooklyn Daily Eagle
    Despite the shocking newspaper headlines and the doom and gloom TV reports about the economic crisis, construction appears to be moving forward on several Downtown Brooklyn projects and, as Dennis Holt notes (see above), these projects will be changing the downtown skyline forever. The tallest, of course, are the 65-story City Point at Albee Square Mall and the 51-story Clarett Group building at 111 Lawrence St., both setting new records for “tallest” in Brooklyn.
    These will be joining the almost complete and somewhat shorter 40-story Oro at 306 Gold St., the under-construction 37-story Toren at 150 Myrtle and the 40-story Avalon Gold at 343 Gold — all abutting Flatbush Avenue Extension — plus the 30-story Sheraton Hotel at 216-222 Duffield St., between Willoughby Street and Fulton Mall.
    These do not include the Atlantic Yards project with its close to 50-story Miss Brooklyn planned for Atlantic and Flatbush. Although delayed by law suits, Forest City Ratner still expects to break ground for the arena component before the end of the year.
    Following are summaries of these skyline-changing developments:
    • City Point. Downtown Brooklyn’s largest project, it will be a mixed-use development that is anticipated to be 65 stories, will include retail, commercial and residential components and will add a dramatic new landmark to the Downtown Brooklyn skyline.
    A joint project of Acadia Realty Trust, MacFarlane Partners, P/A Associates, Washington Square Partners and Rose Associates, the design is by GreenbergFarrow Architects. The old buildings and garage have been demolished and the site cleared awaiting the start of construction.
    As reported recently in the Eagle, Cushman & Wakefield has already been hired to begin marketing the 350,000- square-foot, 17-story office component.
    • 111 Lawrence St. The steel structure looks to be about five stories above street level on this 51-story, 491-unit residential mixed-use building, a project of The Clarett Group, which also built Forte at Ashland Place in Fort Greene. Completion is anticipated for early 2010. The architect is Gerner Kronick + Valcarel.
    The Downtown Brooklyn Partnership reports there will also be approximately 7,000 square feet of retail on two floors.
    • Oro at 306 Gold St. The 40-story development is a project of Greenfield Partners As recently reported in the Eagle, closings are already taking place for those with units on floors 1-30.
    Ismael Leyva Architects designed the building, the tallest to be constructed in Brooklyn in the last 80 years.
    • Toren at 150 Myrtle Ave. Sales at Toren (a Dutch word for tower), a 37-story, 240-unit building, have reached over 55 percent in just five short months, according to developer Don Capoccia, a partner with Joseph Ferrara and Brandon Baron at BFC Partners, who credits the great sales during these challenging times to “Toren’s quality, great location and prices.” The design is by Skidmore Owings & Merrill Architects.
    • Avalon Gold at 343 Gold St. The steel structure can be seen above the fence for this 41-story, 627-unit residential mixed-use development, a project of AvalonBay Communities, based in Virginia. The design is by Perkins Eastman Architects.
    • The Sheraton Hotel at 216-222 Duffield St. A project of The Lam Group, with design by Gene Kaufman Architect, the almost-complete 30-story, 300-room hotel will soon be joined by a 180-room Aloft hotel in an adjoining lot.
    ————————
    © Brooklyn Daily Eagle 2008 All materials posted on BrooklynEagle.com are protected by United States copyright law. Just a reminder, though -- It’s not considered polite to paste the entire story on your blog. Most blogs post a summary or the first paragraph,( 40 words) then post a link to the rest of the story. That helps increase click-throughs for everyone, and minimizes copyright issues. So please keep posting, but not the entire article. arturc at att.net



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