Downtown Brooklyn

Construction has begun on the final building of the four-tower development on the western edge of Fort Greene. The 32-story tower at 86 Fleet Place will house 440 rental units and will be the culmination of a 15-year redevelopment of a low-slung, Robert Moses-era retail strip along Myrtle Avenue. The developer of 86 Fleet, and three other sibling buildings to the east, is Red Apple Group's CEO and owner John Catsimatidis, who we might better remember as the billionaire Republican candidate in the last mayoral election and the owner of the oft-maligned Gristedes grocery store chain. According to the Wall Street Journal, Red Apple picked up the 2.5-acre, four-block site for $500,000 from Long Island University in 1982. The site spans 900 feet along the southern frontage of Myrtle Avenue, between Flatbush Avenue Extension and Ashland Place, and shares its blocks with the Toren condominium to the west and the Fred Trump-built University Towers complex to the south.
More details on the development

June 25, 2015

$2M Townhouse in Downtown Brooklyn Has a Goldfish Pond and 30 Types of Flowers

Sitting on a quiet block of colorful, historic homes in Vinegar Hill (okay, Downtown Brooklyn, but minor details...) is the perfect three-bedroom townhouse for a budding family. The 100-year-old storybook home covers 1,878 square feet and features a shady landscaped backyard with more than 30 types of flowers, a stone goldfish pond, and a winding path. And it's back on the market for $1.995 million.
Check it out here

Distinctive Homes

Extell May Build Brooklyn’s Tallest Tower at City Point

Rendering of City Point with a previously envisioned 65-story tower

June 3, 2015

Extell May Build Brooklyn’s Tallest Tower at City Point

By Dana Schulz

Extell, the development company best known for gobbling up billionaires' row sites and building supertall towers like One57, is venturing into Brooklyn, a place they've long avoided. The New York Times reports that Extell has bought the last development site at City Point, a huge, mixed-use complex in Downtown Brooklyn that will include residential and retail space, and, of course, a massive food hall. Extell will pay $120 million for the city-owned property, on which they will likely build a 500-unit rental building. What's more noteworthy than Extell's move into the borough, though, is the fact that the tower could reach 60 stories, according to Extell president Gary Barnett, which would make it the tallest building in Brooklyn.
READ MORE

April 14, 2015

Enormous ‘Authentic and Locally Curated’ Food Hall Coming to Downtown Brooklyn

Amongst the city's more delectable real estate news comes word that the developer of City Point has plans to bring a 26,000-square-foot foodie haven to their massive Downtown Brooklyn project. Dubbed the Dekalb Market Hall, the space will host somewhere between 35 and 55 "authentic and locally curated" vendors at the basement level of the 1.8-million-square-foot mixed-use development along Dekalb Avenue. Though leasing is still in the works, more than a handful of food purveyors have already signed on to stir what's sure to be a culinary revolution for an area more commonly associated with chains like Starbucks and Applebee's. So yes, put your best sweatpants on, friends, there will be artisanal doughnuts and barbecue.
More on who's moving in

Real Estate Trends

April 9, 2015

At Brooklyn’s Gateway, Woods Bagot Kicks Off Construction of the Jay Street Residences

AmTrust Realty has recently kicked off construction on a 250,000-square-foot, mixed-use project near Brooklyn's Manhattan Bridge approach. The development will be a step towards reconnecting Downtown Brooklyn to its waterfront, and, along with several other proposals, helps remedy a maelstrom of mid-century planning disasters between the two areas. Known as the Jay Street Residences by its designers Woods Bagot Architects, the project has previously gone by the addresses 120 Nassau, 199 Jay, 203 Jay, and 213 Jay Street. Its 38,000-square-foot lot, now under excavation, will give rise to an L-shaped complex composed of a 33-story tower anchoring Concord and Jay Streets, as well as an eight-story hotel and amenity wing along its western Jay Street frontage.
More details on the project here

March 4, 2015

Downtown Brooklyn Live/Work Warehouse with Wild Decor Lists for $3.25M

This commercial space at 183 Concord Street is a bit of a project, but it already has some great qualities like exposed brick walls, tall ceilings, and a hot Downtown Brooklyn location near the Manhattan Bridge. More importantly, the second-floor offices already have approved residential plans, and you know what that means: it’s build-your-dream-home time.
More pics inside

Distinctive Homes

February 2, 2015

Brooklyn Paramount Theatre Will Reopen as a Gilded Public Performance Venue

By Dana Schulz

Back in the summer we uncovered the history of the Brooklyn Paramount Theatre, which has been home to Long Island University's gymnasium since 1963. But now, the day before the Loew's Kings Theatre, a fellow historic movie house in Brooklyn, is set to reopen to the public, we've learned that the Paramount will follow suite. Brooklyn Daily reports that the Flushing Avenue theatre in Downtown Brooklyn will once again show live performances to the public, thanks to a deal between LIU and an affiliate of the Barclays Center, which will bring 1,500 seats back to the venue (down from the original 4,000) and showcase musical and comedy performances and boxing matches, all with an emphasis on emerging artists. The remainder of the space will still serve as a practice gym for LIU athletics.
More details ahead

December 31, 2014

REVEALED: 141 Willoughby, 30-Story Mixed-Use Tower to Replace Site Once Slated for Eminent Domain Takeover

A Downtown Brooklyn school once planned to be seized through eminent domain will sprout a 30-story mixed-use tower by Savanna Partners. Renderings posted on Savanna's website reveal a glass tower at 141 Willoughby Street with a retail base, student housing, and commercial or residential space above. The project will replace the three-story building that's home to the Institute of Design and Construction, a 77-year-old technical college.
More details on the project

December 30, 2014

REVEALED: Mixed-Use Development One Flatbush Avenue to Rise from Prominent Brooklyn Corner

Here's our first look at 1 Flatbush Avenue, a 19-story, 160,000-square-foot mixed-use building planned for the very visible corner of Flatbush Avenue and Fulton Street in Downtown Brooklyn. Images on the website of Ryder Construction show a dignified building that blends with its streetscape. Slate Property Group is listed as the owner of the site and Goldstein Hill & West Architects (GHWA) as the architects.
More details ahead

Photo © Field Condition

October 27, 2014

Has the Failed B2 Tower Ruined Large-Scale Prefab Housing for the City?

Prefab housing has taken the world by storm in the last years, lauded for its low cost and flexibility, with buildings ranging from single-family homes to art schools popping up across the globe. But not until Forest City Ratner's plan for B2 BKLYN have we seen an attempt to build a large-scale module tower topping out at 32-stories—the world's tallest prefab tower. It's well known that the project has been a big flop; construction was far slower than originally projected and was halted in August amidst disputes between the builder, Skansa USA, and the developer, Forest City Ratner. In September lawsuits went flying, both pointing fingers as to why the whole thing failed. Forest City blamed the execution of the plan, while Skanska said the design was flawed. Fast-forward to today, and the work on the tower has been shut down with only 10 stories erected. A recent WSJ article looks at where the whole thing went awry, and more importantly: Is pre-fab construction even feasible at such a scale?
READ MORE

October 2, 2014

Living in the Clouds: 50 New York Residential Towers Poised to Scrape the Sky (Part I)

It seems like every week a new residential skyscraper is being announced in New York City, just earlier this week the New York Times noted that a partnership between Steven Witkoff and Harry Macklowe is moving ahead with a redevelopment of the Park Lane Hotel at 36 Central Park West with an 850-foot tower. With the mind-boggling amount of residential spires poised to pierce the sky, here's a quick rundown of the tallest of the tall--the spindly bunch set to soar higher than 700 feet. Keep in mind that just 30 years ago, the tallest residence in the city was perched atop the 664-foot Trump Tower. Today, buildings are on the drawing board for more than twice that height.
See our list of the 26 tallest towers

September 23, 2014

City Kids: Why Parents Pick City Living Over the Suburbs

By Michelle Cohen

The 'American Dream' may have dominated the last few decades, causing a mass exodus to the suburbs, but today's families are reversing the trend and turning their attention back to the city. The reasons are many: An appreciation for cultural offerings, the camaraderie and creative cross-pollination of networks of colleagues, friends and family, the convenience of being able to walk or bike to school, work or child care without a long commute—just to name a few. New York City has always been a haven for the forward-thinking, albeit a challenging one. And its newly-”discovered” outer boroughs as well as an unprecedentedly low crime rate have made the city a prime choice for family living. But what is it about those city kids—the ones with parents who planned from the start to raise their kids in a non-stop urban environment? We interrupted the busy schedules of five families currently raising school-age (or soon-to-be) children in New York City's many diverse and multifaceted neighborhoods to get some insight about why they wouldn’t have it any other way.
Hear what five parents of city kids have to say

September 15, 2014

Penthouse Sales Launch at Brooklyn’s Tallest Skyscraper, 388 Bridge

By Annie Doge

Downtown Brooklyn's most talked about new development—and tallest tower—has just announced the launch of its 'Penthouse Collection'. Located at 388 Bridge, 40 penthouses ranging from 1,144 square feet to 2,371 square feet on floors 45 through 53, have been priced at $1.742 million and up. The units offer up 360-degree views looking out to Manhattan, Brooklyn and Queens, and several residences have been set up as duplexes with outdoor terraces.
Find out more here including pricing

September 9, 2014

Junior’s Isn’t Going Anywhere, Owner Turns Down a $45M Offer to the Dismay of a Hungry Developer

Lovers of cheescake, rejoice! Downtown Brooklyn's Junior's diner will stay put. According to the New York Times, the restaurant's owner, Alan Rosen, has turned away all offers for the space located at the corner of Flatbush Avenue Extension and Dekalb Avenue. Rosen put the property on the market back in February and, unsurprisingly, was met with plenty of interest from hungry developers looking to build luxury condos atop site. After a summer of sleepless nights and much agonizing over his decision, Rosen has shot down the offers, including a whopping $45 million bid. Why? Sentimental value.
More on Rosen's heartfelt decision

New Developments

July 16, 2014

Mayor Bill De Blasio Proposes to Transform Downtown Brooklyn

Mayor Bill de Blasio is set to make a proposal on Wednesday that will launch an initiative to transform Downtown Brooklyn into a community that will rival some of its brownstone counterparts. The area has undoubtedly grown significantly over the last decade with new restaurants and cultural institutions that have attracted an influx of residents. However locals feel that the area still feels a bit disconnected. De Blasio’s plan aims to create a greater sense of community in the neighborhood.
Find out more about the proposal here

Real Estate Trends

July 4, 2014

This Two-Story Belltel Loft Is Just Steps Away from Heaven

Let’s just say you have $23,500 weighing you down and you’re looking for a way to ease your burden. Why don’t you try renting this spectacular apartment at the Belltel Lofts? 365 Bridge Street Apartment 26B is a 2,800-square-foot, 3BR/3BA stunner that just gets cooler as you go along. This two-story loft manages to give you modern amenities in a prewar building, with surprises around every turn, and views to spare, all while putting you right in the heart of Downtown Brooklyn. Sound like something you want to see? Well then come closer…
A little closer... now click here

Distinctive Homes

June 30, 2014

From Gilded Movie House to University Gym: Uncovering the Past of the Brooklyn Paramount Theatre

By Dana Schulz

We're thinking of becoming local college basketball fans — not necessarily because we love the sport, but because we're dying to get inside this Long Island University gymnasium that was once the Brooklyn Paramount Theatre. Commissioned in 1928 by Paramount Pictures, with a sister theatre in Times Square, this regal venue was the largest movie theatre in Brooklyn, second largest in the city, and the first theatre designed for talking pictures. Noted theatre architects Rapp and Rapp designed the rococo-style palace with 4,084 burgundy velvet seats, a ceiling painted with clouds, a 60-foot stage curtain decorated with satin-embroidered pheasants, huge chandeliers, and tiered fountains filled with goldfish. Movie houses struggled during the depression years, and by 1936 the Brooklyn Paramount Theatre had lost $1.5 million since opening. In 1950 Long Island University purchased the building, and twelve years later they renovated the auditorium as their gymnasium keeping the original, ornate details of the space intact. The LIU Blackbirds played their first game in 1963, and in 1975 a second renovation occurred thanks to funding from local businesses.
We uncover the storied past of this grand movie palace

June 18, 2014

City Approves $3 Million Streetscaping Plan for Downtown Brooklyn Cultural District

The city has officially approved a $3 million streetscaping plan as part of the overall plan to create a cultural district on the border of downtown Brooklyn and Fort Greene, according to Crain’s New York. The plan, which will transform public spaces along several streets including Fulton Street, Ashland Place, Lafayette Avenue, will include ripping up the existing sidewalks and replacing them with dark stone slabs embedded with a sprinkling of lights. There will also be new seating and landscaping along a number of blocks north of Atlantic Avenue where patrons of popular institutions like the Brooklyn Academy of Music and BRIC arts and media gather. The idea is to turn that area into a cultural epicenter in Brooklyn, much like Lincoln Center in Manhattan, but comprised of several independent entities.
Find out more about Brooklyn's new cultural epicenter here

Real Estate Trends

Growth Spurt: Brooklyn’s Tallest Tower at 333 Schermerhorn Will Soar Even Higher Than Expected

L to R: Williamsburg Savings Bank (One Hanson), The Brooklyner, 388 Bridge Street, Avalon Willoughby West, The Hub

June 17, 2014

Growth Spurt: Brooklyn’s Tallest Tower at 333 Schermerhorn Will Soar Even Higher Than Expected

Construction filings from the Department of Buildings have revealed that Douglas Steiner's mixed use tower at 333 Schermerhorn Street, dubbed the Hub, will soar 30 feet higher than previously reported; making it the top contender for Brooklyn's tallest building at 607-feet. For more than 80 years, the title of Brooklyn's tallest belonged to the 512-foot Williamsburg Savings Bank tower at 1 Hanson Place. With its beloved 4-sided clock tower and its majestic banking hall, the tower has stood in relative isolation since its construction in 1929. Bruce Ratner's Atlantic Yards centerpiece building nicknamed "Miss Brooklyn," was the first to challenge the tower's dominance and was slated to soar more than 100-feet above the bank building's dome. The proposal incited uproar from Brooklynites, leading to its eventual downsizing in 2006 to 511-feet, just one foot shorter than the neighboring bank building.
More about The Hub and Brooklyn's tallest this way

May 28, 2014

Field Trip to the American Dream (Via the Bronx)

By Andrew Cotto

My English composition class at a CUNY school resembles a Benetton ad minus the posing and singular fashion aesthetic. I could run the numbers, but I don’t need to make like Nate Silver to prove my class is almost entirely of immigrants or first generation Americans from a wide range of backgrounds. This makes things particularly interesting when we study the 'American Dream', for it’s far more relevant to my students than it is to, say, me — all snug and secure in my status as a second-generation American not living with the hope for citizenship nor the fear of deportation of myself or my loved ones. One of the materials I use when teaching the American Dream is an article from September of 2013 in The Times about Marco Saavedra, a young man brought here illegally as a toddler in the early ‘90s by his Mexican parents who own and operate a restaurant in the Mott Haven section of the Bronx. Under the auspices of his parents’ emphasis on education, Marco was able to thrive in the public schools’ of NYC and secure full scholarships to Deerfield Academy and then Kenyon College, from where he graduated in 2011. Impressive.
But then it all went south. Literally. More of Andrew's Story here

May 21, 2014

Call Me Halal: Palatable Advice Straight from the Streets of Downtown Brooklyn

By Andrew Cotto

One of the saddest things I heard in the immediate aftermath of 9/11 was told to me by the wife of an acquaintance. She said, with a smug sense of pride, that her family — in an act of patriotic protest to the recent attacks on America — would be ending their long-standing Thanksgiving tradition of serving assorted meat and vegetable pies from Damascus Bakery on Atlantic Avenue in Brooklyn. It was a heartbreaking statement of staggering stupidity, offensive on so many levels, not the least of which was personal. I lived next door to Damascus Bakery in my first Brooklyn apartment. This was before Barney’s, Urban Outfitters and Trader Joe’s arrived. It was when that section of Atlantic Avenue was overwhelmingly Arabic, and I frequented the eateries as often as I could, feasting on delicacies from the Middle East, learning some geography and culture and a little Arabic along the way. And, of course, I met many wonderful people, including the family who owned and operated Damascus Bakery.
Read the rest of Andrew's story here

May 19, 2014

Downtown Brooklyn Continues to Boom: Tallest Residential Tower in the Borough Now 50 Percent Leased

Downtown Brooklyn is booming across the board, and buyers are keen to get in on the changes afoot. Five months after hitting the market, Brooklyn’s tallest tower is filling out fast, with half of the units now leased. The SLCE Architects-designed residential skyscraper at 388 Bridge Street rises 590 feet, with 234 rentals and 144 […]

May 14, 2014

Plans to Convert the Jehovah Witness Watchtower Complex Into a High Tech Incubator Revealed!