Back in 2012, Megalith Capital Management and Urban Realty Partners bought two neighboring DUMBO sites from the Jehovah’s Witnesses for more than $30 million. They then tapped Aufgang Architects to design both warehouse conversions: a landmarked former Brillo factory at 200 Water Street was transformed into 15 boutique condos; 181 Front Street into a 105-unit rental. Twenty percent of apartments in the latter development are reserved as affordable, and as of tomorrow, New Yorkers earning 60 percent of the area median income can apply for these 21 units, which range from $895/month one-bedrooms to $1,247/month three-bedrooms.
Brooklyn Bridge Park is the last place we’d expect to find a menacing art installation summoning feelings of nothingness. But come May, Anish Kapoor will bring his acclaimed installation “Descension” to one of the park’s busiest stretches, Pier 1. As described by The NY Public Art Fund (the project’s curator), Descension is a 26-foot diameter whirlpool that funnels pitch-black, naturally dyed water below ground, inviting visitors to carefully peer into its swirling abyss.
It’s been eight months since ODA Architecture received its final approvals from the Landmarks Preservation Commission to convert the former Arbuckle Brothers sugar refinery building in Dumbo into a modern retail and office site. We’ve previously seen renderings of 10 Jay Street‘s prismatic East River-facing elevation–which was inspired by sugar crystals, the nearby Manhattan Bridge, and the neighborhood’s historic steel and brick facades–and now that the rehab is in full swing, CityRealty noticed that the leasing team has debuted a new website with never-before-seen renderings of the brick east wall, adjoining waterfront plaza, retail space, and offices.
Conceptual massing of 85 Jay Street based on approved zoning, via CityRealty
Despite the fact that Trump son-in-law Jared Kushner stepped down as CEO of Kushner Companies in order to transition from developer to full-time presidential advisor, his family’s firm is moving ahead with their big plans at a three-acre parking lot in DUMBO. Just over a month ago, the joint partnership among Kushner, LIVWRK, and CIM Group paid $345 million to the Jehovah’s Witnesses for the site at 85 Jay Street, which brought Kushner’s total investment in the area to more than $1 billion. CityRealty recently visited the site and found that they’ve ceased parking operations and moved construction equipment onsite.
Last summer, the Landmark Preservation Commission approved ODA Architecture‘s sugar crystal-inspired vision for a DUMBO commercial loft building at 10 Jay Street. Today the team went back before the LPC and received approvals to replace the building’s deteriorated east wall that has been covered in stucco since the 1970s and is in dire need of structural repair. Developer Glacier Global Partners previously fancied condos for the 19th century sugar factory building, but the robust Brooklyn office market led the developers to a change of heart, envisioning 200,000 square feet of class-A office space instead.
Within Downtown Brooklyn‘s detached island of urbanity between the Manhattan Bridge on-ramp and the Brooklyn-Queens Expressway, local architecture firm StudiosC has designed a modestly scaled, ground-up condominium at the corner of Bridge and Nassau Streets. Re-approved plans filed by the architect of record Karl Fischer detail an eight-story building with 12,000 square feet of gross floor area.
Views! Views! Views! Seriously, that’s what you’re getting with this two-bedroom apartment at 70 Washington Street, a former Dumbo warehouse that has been converted into 225 condo apartments. It was converted by Two Trees Management, prominent developers in the neighborhood, who built out luxury loft apartments and included a 24-hour concierge, doorman, fitness room, and roof deck with the building.
This apartment has windows in both the living room and bedroom that offer an incredible look out onto the entire stretch of the Brooklyn Bridge and Lower Manhattan skyline. There’s a total of 1,310 square feet and a lofty, open floor plan. A view like that in a neighborhood as popular as Dumbo doesn’t come cheap — although you can still find the occasional apartment in the area for under $1 million without the impressive views, of course. This one is on the market for $1.6 million, after last selling in 2007 for $1,055,926.
This playfully decorated loft is located in DUMBO‘s landmarked Eagle Warehouse Building. Although the space has always been generous in square footage, prior to the renovation the original residence only had two small windows and very little natural light. To open up and brighten the home, Etelamaki Architecture removed the kitchen walls and introduced various design treatments to increase the presence of natural light and to define distinct functional spaces.
When we have something to celebrate we usually do it with a glass of wine and some cake, but starchitect Bjarke Ingels is toasting his recently revealed design for 2 World Trade Center with a $3.89 million Dumbo penthouse. The Daily News reports that Ingels will be moving into the three-bedroom duplex at 205 Water Street, which offers a whopping 2,344 square feet of outdoor space, spread across four terraces, that provides the perfect view of the architect’s impending Financial District tower. The sellers of the industrial-chic pad are interior designer and lifestyle guru Athena Calderone and her music producer husband, DJ Victor Calderone, who bought the home for $2.3 million in 2012 and originally listed it for $4.3 million back in January.
There’s a $2.4 million pad at 50 Bridge Street in DUMBO just waiting to show off its spectacular architecture and indescribable views. This 2,200 square-foot triplex loft has it all, including a private roof deck with views of the Manhattan skyline, the Brooklyn and Manhattan Bridges, and the East River, all in one hot neighborhood.