Brookfield's not doing anything with that site now, they're rethinking what to do after the zoning change.
I would put good money on the Brookfield site, the only site truly ready to go and if they had Goldman as a tenant they drop the residentil portion and shift it to another site, anything to get a tenant of that caliber
Brookfield's not doing anything with that site now, they're rethinking what to do after the zoning change.
The Slatin Report:Originally Posted by Derek2k3
NYC 04 15 05
TENTH AVENUE THAW?
A bunch from Massey Knakal with significant potential..
74-107, 109-121 Junius Street
"Development Site and Warehouse For Sale. This property is conveniently located near Atlantic Avenue and is within short walking distance from the A, C, L, and J trains, as well as the LIRR at Broadway Junction. The site is located within the East Brooklyn Empire Zone, which provides significant economic incentives for new businesses to locate and invest in the area. This entire proeprty is zoned M1-4 (max FAR 2.0). 75-107 Junius Street is a vacant lot is situated on the north side of the block on the corner of Liberty Avenue and Junius St. The lot is 217.5' x 111', and a maximum buildable of approximately 48,285 SF. There is a gradual slope on the East side of the lot toward the train tracks. Individual Asking Price: $850,000. 109-121 Junius Street is a two story, 20,285 SF warehouse is on the south end of the block on the corner of Glenmore Ave and Junius St. The building is approx. 70'x130' on the corner with high ceilings on the ground floor and office space above. This lot allows for a maximum buildable of 40,515 SF approximately and will be delivered vacant. Individual Asking Price: $1,100,000. Asking Price: For Both 75-107 & 109-121 Junius Street: $1,950,000 Representative/s: Peter B. Schubert"
393-395 Bridge Street
"Highly visible Metro-Tech development site located 50 feet from the 2 & 3 trains and two stops to Lower Manhattan. Excellent retail located one block from the Fulton Mall and one block from the MetroTech office campus. Approximately 42' of frontage on Bridge Street. There is an existing 1 story, approx. 4,263 SF building currently on the site. Recently approved zoning (C-6-4-5; FAR 12.0 to 14.4 with bonus) allows for approximately 60,000 sq. ft. of buildable F.A.R. All building sq. ft. figures and potential uses should be independently checked and verified. Asking Price: $5,500,000 Representative/s: Brian T. Leary"
510 Flatbush Avenue
"510 Flatbush Avenue is located on the Westside of Flatbush Avenue at the end of Lefferts Avenue. This property has approximately 75' of frontage on Flatbush Avenue. The building is 42' wide, three stories with a total of approx 8,100 SF. 31 Lincoln Road is located on the Northside of Lincoln Road, between Flatbush and Ocean Avenues. This property has approximately 86' of frontage on Lincoln Road. The building is 72' x 210', two stories with a total of approx 28,630 SF. This is a prime mixed-use development site 1/2 block from Prospect Park. A unique opportunity for an investor to develop a "high profile" mixed use condominium project on the east side of Prospect Park. Potential for unobstructed views of Park /Garden and surrounding area. This site is zoned R7-1/C2-3 Overlay with a 3.44/2.0 FAR. The "As of Right" zoning allows for up to approx. 90,110 buildable SF but an architect's study provides for a total buildable of more than 125,000 SF. This is the largest available retail location in an area with high foot traffic on Lincoln Rd. and high vehicular traffic on Flatbush Ave. Suitable for national tenants. All buildable square footage figures and potential uses should be independently verified. The properties will be delivered vacant at closing. Asking Price: $7,900,000 Representative/s: Eric B. Greenfield,Kevin L. Holmes,Joshua D. Israel"
530-540 Atlantic Avenue
"A 5 story office building located on Atlantic Avenue with 150 feet of frontage on Atlantic Avenue. The current property consists of 55,000 square feet of office space above grade, plus approximately 22,000 square feet basement office space. The property has approximately 60,000 square feet of additional Air Rights for potential development. The current zoning R-7-A would allow for an FAR of 4.0 for residential use. There is potential for approximately 115,000 square feet of space above grade. The C-2-2 overlay allows for retail space on the ground floor. There is an opportunity to develop additional office space or convert to residential with ground floor retail. The projected gross annual revenue is $1,480,728 with a projected NOI of $1,130,869. Asking Price: $18,500,000 Representative/s: Brian T. Leary"
68-74 South 4th Street
"Potential Development Site in Northside Willamsburg. This site totals a builder's acre with approximately 41,000 square foot footprint. There is 160 feet of frontage on Wythe Avenue; 200 feet of frontage on S 5th Street; and 89 feet of frontage on S 4th Street. Proposed MX (M1-2/R6) zoning changes pending approval (FAR .78 to 2.2). Approved zoning changes will allow for up to approximately 90,200 square feet of residential development. There are currently two buildings on this site, with a total of approximately 38,925 square feet. The buildings will be delivered completely vacant. This site is located about a block away from the waterfront. All buildable square footage estimates should be independently verified. Asking Price: $12,500,000 Representative/s: Mark L. Lively"
132-142 West 27th Street (Manhattan)
"This lot, currently being used for parking, consists of an 11,850' (approx) footprint with a lease that expires in April 2006. The parking tenant currently pays a yearly rent of $218,000 and pays 100% of the real estate taxes. Easily accessible to both Chelsea and Midtown West, the property lies in the M1-6 zoning district of Chelsea which has a commercial FAR of 10.0. Using the full FAR, a 118,500' (approximately) commercial building or hotel could be built on the site. Asking Price: $17,500,000 Representative/s: Brock A. Emmetsberger,James P. Nelson"
Last edited by Gulcrapek; May 3rd, 2005 at 06:41 PM.
As far as Lower Manhattan not having many development sites, well that’s true, but people always forget about this packaged one, ready to go once a tenant is found. Gehry was at one time rumored to be the architect; the current design is by KPF.
4 Hudson Square
Varick Street, Spring Street, Hudson Street and Vandam Street's
1,315,946 Sq. Ft.
The design is too plain. It has architectural neighbors to catch up to now.
Hudson Square leasing has slowed, this one wont happen anytime soon
With this new development Hudson Square might just become the next up and coming neighborhood.
May 10, 2005
Trinity Church Names Planner to Oversee Realty Operations
By CHARLES V. BAGLI
Carl Weisbrod, an urban planner and a lawyer active in the redevelopment of Times Square and Lower Manhattan over the last 25 years, is taking over real estate operations for Trinity Church, one of the largest property owners in New York City.
Staring in July, Mr. Weisbrod will oversee leasing and development of the church's six million square feet of commercial and retail space in 18 buildings, most of it in the Hudson Square neighborhood, west of SoHo and south of Greenwich Village.
Mr. Weisbrod, 60, said he would also explore opportunities to develop office towers, retail space, and possibly residential buildings in the neighborhood surrounding the Holland Tunnel. At the same time, he said, he and Trinity will push for the creation of a business improvement district in Hudson Square.
Since the late 1990's, Trinity has moved to transform the old factory buildings it owns, many of which were commercial printing companies, into office buildings, replacing ink-stained printers with white-collar executives.
"We're really looking at full development of that area as it might relate to retail, residential and commercial, as well as other aspects of community life," said the Rev. James H. Cooper, rector of Trinity Church-St. Paul's Chapel. "We're looking for Carl to help us discern what would be best for Trinity and for New York City as we go forward."
Mr. Weisbrod will step down as president of the Alliance for Downtown New York, a job he has held since the group's founding a decade ago. However, both he and Mr. Cooper said that Mr. Weisbrod would not lose his connection to and interest in the rebuilding of Lower Manhattan. A 308-year-old parish based downtown, Trinity attracts 1.8 million visitors a year, and has been involved in the rebuilding effort.
Mr. Weisbrod said, "It provides me with the opportunity to help create a fabulous New York City neighborhood around Hudson Square for a distinguished New York institution that is really interested in making a positive contribution to the city generally, and to my continuing work in Lower Manhattan."
Robert R. Douglass, chairman of the Alliance for Downtown New York, said he would be sorry to see Mr. Weisbrod move to Trinity but would ask members to give the former chairman a seat on the group's board.
Trinity Church originally owned a large swath of Manhattan under a 1705 land grant from Queen Anne of England. By the early 1900's, it had disposed of much of the land, by either selling it or giving it to Columbia University. During the Depression, Trinity ended up with the factory buildings in and around Hudson Square after it had leased some of the land to developers who built the factories. When the economy collapsed and developers defaulted on their loans, the church took control of the buildings.
After some of the factory tenants failed in the 1980's, Trinity began to try to gentrify the neighborhood. That did not pick up momentum until the real estate boom in the late 1990's.
Witkoff Group Hotel
WEST SIDE GLORY
By JENNIFER GOULD KEIL
"Steve Witkoff, of the Witkoff Group, is one buyer interested in the Imperatore family's holdings. He bought about 1 million square feet — for about $120 per buildable square foot — from a partnership controlled by the Imperatore family.
Sources say he has begun the design phase for a 1,000 room hotel that would be directly across from the Javits Center."
Last edited by Derek2k3; May 12th, 2005 at 07:55 PM.
No. First its designed by HOK and second its earmarked for 10th Avenue and 42nd Street, former site of River Place II, with 1,500 units it will have even more rooms.Originally Posted by Gulcrapek
Baruch College Atrium & Addition
Lexington and 23rd Street
G TECTS/Frank Gehry
The Architect's Newspaper
ANOTHER CHANCE FOR BARUCH
We all but gave up on Baruch College when it built the bloated, beached whale between East 24th and 25th streets that it refers to as its Vertical Campus, designed by Kohn Pedersen Fox. But now we hear that a new, more promising master plan is in the works by Gordon Kipping, the G TECTS principal who collaborated with Frank Gehry on Issey Miyake’s Tribeca store. We’re told Kipping’s proposal, which would involve Gehry in some yet-to-be-determined way, includes inserting a new 17-plus-story atrium in the central bay of the college’s 1929 building at Lexington and 23rd. That atrium would face the street in the form of a glass wedge housing a dramatic spiraling column of stairs that twists as the glazing tapers. In addition, a new through-block structure would connect the building with KPF’s monstrosity while, hopefully, also blocking out one’s view of it. If all goes well, construction could begin in 2007.
Yeah, and, viewed from the ESB, I've always appreciated its notable contrast with the surrounding ocean of brick midrises.