Downtown Brooklyn is quickly becoming one of NYC’s most desirable commercial hubs. On top of hosting a lengthy roster of big name retailers and entertainment centers—which include a new Target, Trader Joe’s, Century 21, Apple store, Alamo Drafthouse cinema, and Barclays Center—the neighborhood will also welcome a brand new, lower-priced Whole Foods concept store called “365.” According to a press release, the store will open in early 2018 at Two Trees’ 300 Ashland Place, and be set up as a no-frills version of the grocery giant.
Image via mike_by_bike_/Instagram
In the early 1900s, renowned sculptor Daniel Chester French was asked to create “two allegorical figures,” a Miss Manhattan and a Miss Brooklyn, to stand at the Brooklyn entrance to the Manhattan Bridge. The granite women were removed, however, in the 1960s when Robert Moses decided to move them. They were then relocated to their current home at the Brooklyn Museum’s entrance, but after a 10-year, $450,000 project, a resin replica of the original has returned to the bridge. As the Times tells us, sculptor and installation artist Brian Tolle (he’s also responsible for the Irish Hunger Memorial) designed the new version to glow at night with interior LED lights and rotate “on two lamppost-like arms.”
In the past year or so, there has been no shortage of talk about inventory glut, flat rental prices and bursting bubbles; Now, Slate blogger Henry Grabar has rustled up some numbers and real-life examples to go with the chatter, and we’re guessing they weren’t too hard to find. According to Grabar, a vacancy rate at its highest since 2009 (with a staggering amount of inventory in the pipeline), and the percentage of rental price chops at a record 42 percent in October point to an impending renter’s market of comparatively epic proportions.
Rendering of 625 Fulton Street; image: Albo Liberis /Genesis Studios
As the future Brooklyn skyline takes shape, one of the borough’s largest office towers-to-be, a 36-story commercial skyscraper, is slated to rise at 625 Fulton Street in Downtown Brooklyn. Brooklyn-based Rabsky Group purchased the lot for $158 million and, as The Real Deal reports, plans are in the works to create 700,000 square feet of leasable space, for which the developer is in talks with City Planning to take advantage of a plaza bonus. Albo Liberis (see Williamsburg’s William Vale Hotel) has been commissioned as the architect, and while no design has been officially revealed or finalized by Rabsky, the firm’s site does offer up some insight into what is being considered for the game-changing tower.
It’s been a long an tumultuous journey for 461 Dean, also know as the B2 tower, and better known as the world’s tallest prefab tower. The fire-engine-red stacked building has seen numerous delays in the last four years thanks to lawsuits, leaks, and alignment issues. Its developer Forest City Ratner even opted to exit the modular business last month—although that’s not to say that the technology developed is any less valuable (more on that ahead). But now that celebratory champagne bottle can finally be popped, as this afternoon the developer held a grand opening ceremony to kick off the official start of leasing.
Apple opened its first Brooklyn store on Bedford Avenue in Williamsburg over the summer, which many felt was the final nail in the coffin of the neighborhood’s gentrification. The company has now set their sites on another rapidly developing part of the borough, as The Real Deal reports they’ve inked a 10-year deal for a 12,000-square-foot space in the ground floor Two Trees Management’s 300 Ashland Place in Downtown Brooklyn‘s BAM Cultural District. It was an off-market deal, so there’s no asking rent, but sources say the going price for the 32-story rental tower’s retail space is $150 per square foot.
For now, Downtown Brooklyn‘s Hub holds the title of tallest building in Brooklyn. Topping off at 610 feet, the Dattner Architects-designed, Douglas Steiner-developed slab tower at 333 Schermerhorn Street will offer 740 apartments, 150 of which became available through the city’s affordable housing lottery earlier this month. But aside from its height and number of units, the 55-story building has been turning heads for its list of amenities–a landscaped outdoor terrace with sun deck, 75-foot pool, fitness center with yoga studio, dog run, grilling terrace, indoor and outdoor movie screens, children’s playroom, and bike storage for every unit. And Curbed has gotten its hands on the first set of renderings that show these swanky offerings, along with views of the apartments and news that leasing for the market-rate units will begin in January.
Live in Brooklyn’s tallest tower for $833/month, lottery launching for 150 units at 333 Schermerhorn, Thu, October 13, 2016
At 610 feet, Douglas Steiner’s 333 Schermerhorn Street in Downtown Brooklyn currently holds the title of tallest building in Brooklyn. Though it’ll be surpassed by forthcoming supertalls like JDS’ 9 DeKalb Avenue, the first 1,000+ foot tower in the borough, and the 700-foot 205 Montague Street, the 53-story slab apartment tower known as The Hub will certainly remain a much-sought-after address, especially considering its wealth of amenities and proximity to the BAM Cultural District. Of its 740 apartments, 150 are reserved for New Yorkers earning less than 60 percent of the area media income, and as of tomorrow the lottery is open for these units, which range from $833/month studios to $1,082/month two-bedrooms.
Image via Field Condition
After boasting that it had “cracked the code” on modular construction, with plans for a Brooklyn factory, developer Forest City Ratner is exiting the prefab building business, reports the New York Times. The factory at the Brooklyn Navy Yard will be sold to Roger Krulak, a former Forest City executive, along with the technology used to construct the world’s tallest prefabricated steel structure, the 32-story 461 Dean Street in the Pacific Park complex in Brooklyn. Construction on the building has just been completed and 461 Dean is weeks from getting its first residents.
A big green sign that greets drivers from Manhattan coming over the Williamsburg Bridge reads, “Name It…We Got It!” Among the many things to which the borough can now lay claim: A dense grove of 4,000 redwood trees in the middle of Downtown Brooklyn‘s Metrotech Commons. It’s this unlikely juxtaposition that has brought the trees, with roots in prehistoric times and known to grow bigger than the Flatiron Building and longer than the Brooklyn Bridge, to this spot steps from Shake Shack. The mini-redwood forest is called “Lost Man Creek,” an art installation by Brooklyn-based artist Spencer Finch that opened on October 1. It’s a scaled-down (to one hundredth the size) replica of a 790-acre section of California’s Redwood National Park, planted in partnership with the Save the Redwoods League.
Google Earth rendering of the new residential buildings going up in Downtown Brooklyn, via CityRealty.com
This time last year, 6sqft shared a report from CityRealty.com that detailed how Northern Brooklyn would be getting a staggering 22,000 new apartments over the next four years, with the majority, 29 percent or roughly 6,500 apartments, headed for Downtown Brooklyn. The trend has kept up, as the Times reports today that this number of units is concentrated among “19 residential towers either under construction or recently completed along the 10-block section of Flatbush stretching from Barclays Center north to Myrtle Avenue.” Another 1,000 units are coming to four buildings on Myrtle Avenue, and all of these are overwhelmingly rentals. In fact, 20 percent of the entire city’s rentals that will become available this year and next are in the neighborhood. But many believe this rental boom is fast approaching a glut that will cause prices to soften in a saturated market.
In April, initial details were released about Downtown Brooklyn‘s Macy’s $100 million interior makeover, which included new columns, fluted ceilings, metal and glass entrance canopies, and video screens surrounding the escalators. This came after Tishman Speyer inked a $170 million deal with the department store in January, in which they’ll remodel the 11-story Art Deco building’s top five floors into offices. As part of the deal, Tishman also took control of the connecting Hoyt Street parking garage, a site that was speculated may give way to a supertall, mixed-use tower. Today, CityRealty.com posted a set of renderings from architecture firm LEESER showing a glassy tower rising from the existing department store. Although it is not the design being considered by Tishman Speyer, it does give us a taste of the type of modern development that could climb from the coveted DoBro address.
Back in 2007, a run-of-the-mill row of three- to four-story walk-up buildings bounded by Willoughby, Bridge and Duffield Streets was ordered to vacate to make way for a soaring mixed-use skyscraper developed by AvalonBay Communities. Without warning, shopkeepers were given between 30 and 120 days to clear out or face court eviction, evidence of the impact of gentrification on Downtown Brooklyn. The district’s 2004 rezoning sparked the development of thousands of new apartments (6,400 in the pipeline according to our latest count) and is finally getting a dusting of office space too.
Now, after an arduous, decade-long journey of assembling an 11-parcel site, clearing and excavating it, and throwing up nearly one million square feet into the air, Avalon has finally finished construction and has kicked off leasing of the building’s upper collection of homes called Avalon Willoughby Square.
It’s been 14 years since Enrique Norten‘s ship-like design was chosen to sail upon a triangular site in an ambitious arts district planned for the area around the Brooklyn Academy of Music. Initially proposed as an eight-story glass building to house the Brooklyn Library for the Visual and Performing Arts, the project was altered to a mixed-use high-rise when Two Trees Management was brought onboard during the economic downturn in 2008.
Now officially known as 300 Ashland Place, the slab-shaped tower is a silvery 32-story icon that architecture critic Carter Horsley praises as a “gleaming, but mysterious steed” in the emerging Downtown Brooklyn skyline. It will house a smattering of public uses in addition to 379 apartments above. Earlier this July, leasing began on the 300 market-rate apartments that go for roughly $2,850/month for studios, $3,600/month for one-bedrooms and $5,750/month for two-bedrooms. And now, a housing lottery has launched for the 76 affordable units that include $889/month studios, $949/month one-bedrooms, and $1,087/month two-bedrooms.
At the crossroads of Fort Greene, Downtown Brooklyn, and the BAM Cultural District, The Ashland rises. Next Tuesday, July 19, the 53-story, 586-unit tower will open its leasing office to prospective renters interested in its one-, two- and three-bedroom no-fee apartments, priced from $2,600/month for studios to $7,500/month for three-bedrooms. Previously, 282 apartments went online through the city’s affordable housing lottery.
To coincide with the grand opening, the Gotham Organization-developed and managed building has also launched its full website, providing us a bundle of new renderings of the exterior, the apartments, and the 17,000-square-foot marketplace that will open along its ground floor.
The latest tower to open its doors in Downtown Brooklyn‘s BAM Cultural District is 300 Ashland, a 35-story, mixed-use tower from Two Trees Management that is offering 300 no-fee rentals. There are currently nine units available with studios starting at $2,850/month, one-bedrooms at $3,300/month and a single three-bedrooms from $5,750/month.
To coincide with the launch, the developer has published an official building website that brings a slew of new renderings, showing off TEN Arquitectos‘ perforated skin and the landscaped public plaza, as well as providing a first look inside the apartments.
John Catsimatidis’ Big Apple Group has kicked-off leasing for The Giovanni, the latest addition to a quartet of rental buildings ushering in more than 1,000 units along a once underutilized section of Myrtle Avenue. Located at 81 Fleet Place within the crossroads of bucolic Fort Greene and thriving Downtown Brooklyn, the recently finished 15-floor building is comprised of 205 no-fee apartments with retail space along its lower levels.
Like its sister buildings, the Andrea and the Margo, Dattner is the building’s architect and the firm has configured a mix of studio, one- and two-bedroom apartments, many featuring balconies or roof terraces.
Downtown Brooklyn and its Fulton Street Mall lost a bit of its soul late last year with the demolition of an ornate 1891 Romanesque-Reviaval gem at 540 Fulton Street. Prior to being cleared, the two-story structure held a jumble of small retailers that included a jewelry exchange, Metro King Sushi & Teriyaki and a Lucille Roberts. When the building was finished 125 years ago, it rose three floors with its first tenant being F.W Woolworth’s “five-and-dime store,” their first Downtown Brooklyn location.
Now with the slate wiped clean, what’s envisioned to rise from the 18,531-square-foot lot near the corner of Flatbush Avenue Extension is a 19-story, 200,000-square-foot office block developed by the real estate investment and management firm Jenel Management. A new building application was filed with the Department of Building’s last April, listing Marvel Architects as the applicant of record. The proposed building’s podium will contain three levels of retail space from the cellar to the second level, and 17 floors of office space above.
City Tower, the second phase of Downtown Brooklyn’s 1.8 million-square-foot, mixed-use mega-development, has debuted, ushering in 439 brand new market-rate rentals to the heart of the borough. For a limited time, the building is offering new renters one month for free based on a 13-month lease. The 38-story tower’s current availabilities include four studios starting at $2,423/month, five one-bedrooms at $2,838/month, and three two-bedrooms at $4,154/month.
The building was developed and is being managed by the long-established Brodsky Organization and was designed by the acclaimed eco-conscious architects at COOKFOX. Perched twenty floors above 700,000 square feet of retail, entertainment and dining spaces, many of City Tower’s residences provide spectacular views of the harbor and Manhattan skyline.
Within the human-scaled oasis between the Manhattan Bridge and the BQE, a 57,000-square-foot church conversion has wrapped up construction, releasing 84 brand-new no-fee rental apartments to the Downtown Brooklyn market. Named One Duffield, for its address at the corner of Gold and Duffield streets, the five-story building uses some of the structural bones of a prior two-story church and completely re-imagines its aesthetic into a varied composition of brown and orange brick, metal siding, and large square windows. Nataliya Donskoy of ND Architecture and Design P.C. is the designer of the building and “The Bridge Building LLC” is listed as the developer in permits.