In New York, if there is anything we talk about more than weather, it’s how “____ is the new ____”. Now, the owner of a storage building at 80 Hudson Avenue in Brooklyn is banking on Vinegar Hill becoming the new DUMBO.
Globe Storage and Moving Co. just hired Dan Marks at TerraCRG to get the word out that his seven-story, 80,000-square-foot storage warehouse is a covetable piece of real estate worthy of one ambitious investor willing to refurbish it and rent it out, or use it, as an office space. The owner’s plans come on the heels of DUMBO’s strengthening office leasing market and he hopes this trend will stay strong enough to spill some of that demand for space over his way. Crazy? Probably. But Etsy did make plans to move into the neighborhood, signing up for 200,000 square feet in the Jehovah’s Witness Towers conversion just 10 minutes away from Globe. The towers will soon see a transformation into a high-tech incubator and residences (seen above). Mr. Marks told Crains: “Office tenants will start to see it as a great location.” By association, of course.
[Related: Plans to Convert the Jehovah Witness Watchtower Complex Into a High Tech Incubator Revealed]
My wife and I took the kids to the Barclays Center in early 2013, during the Nets’ inaugural season in Brooklyn. There had been a lot of hype, not only about the Nets but also about the new arena. And there had been a lot of flack about both the Nets and the arena, respectively, as well. But after all the back and forth, over many years, both the stadium and the Nets were part of Brooklyn, and while we had been ambivalent observers during the whole imbroglio, we were anxious to check things out once matters were settled.
The arena impressed. Spacious corridors and lots of polished surfaces. Professional and courteous service. We roamed around each level, sampling food and drinks from some of Brooklyn’s finest eateries and breweries. And, of course, a stop at the gift shop was mandatory for the kids to purchase Nets gear which had become the unofficial uniform of Brooklyn’s youth. By the time we sat down in our seats, we were definitely on board with the whole Nets/Barclays thing. The pregame production turned out to be top notch, too: dancers, acrobats, a DJ named TJ, a knight-of-some-sort who shot t-shirts into the crowd, and a super-stylish MC definitely on point, ratcheting the crowd into a pseudo-frenzy (it was only a mid-season game against Atlanta after all). And when the lights dimmed, and the music loomed, it was on for real: through the loud speakers came a familiar voice, smooth and deep, informed by a trademark flow…
“Welcome to Brooklyn, y’all…”
Oh my good-ness! That’s Jay-Z!
“Birthplace of Michael Jordan.”
Read more of Andrew’s story here
Back in 2012, Chinese company Xinyuan Real Estate Co. purchased a $54.2 million, 92,000-square-foot, Kent Ave. site in Williamsburg for its first development in the U.S. — which they said, of course, would be slated for a luxury condo building. Now it looks like their dev team is ready to kick it into high gear and Xinyuan has enlisted the help of Fortress Investment Group in the form of a $165 million loan. An interestingly enough, the project is the beautiful Oosten condo development designed by Dutch architect Piet Boon.
Details and Renderings of Xinyuan’s development here
New York has a lot of old buildings. Perhaps surprisingly, many of those buildings are actually houses (yes, like real houses). These remnants of the early Dutch farming days can be spotted throughout the five boroughs, as can churches, apartments and “skyscrapers” from earlier times. We’ve rounded up some of the city’s oldest structures. Test your knowledge and see how many you’re familiar with ahead. And while you’re at it, make plans to visit one of these historic landmarks the next time you’re out and about.
Your blast from the past this way
It looks like Anne Hathaway is ready to try selling her DUMBO loft again. We’re not sure why the star would want to part with her gorgeous 2BR/3.5BA unit at 1 Main Street, the site of DUMBO’s Clocktower building. She just purchased the building in February of 2013 and after apparently not even moving in, she was ready to unload the loft by September. According to records, she took the loft off the market in December. But if at first you don’t succeed, try, try again. 6 months after removing the listing from the market, Ms. Hathaway has put 1 Main Street #9B back on the market, this time with Town Residential listing agents Steven Gold and Chris Whelan.
More details about the stunning pad here
Brooklyn Heights is one of the city’s most coveted neighborhoods, and it’s no wonder why. With its beautiful tree-lined streets, historic architecture, and that certain light which seems to bring a calm and peace to the streets, it’s managed to draw everyone from best-selling authors to bankers to even Hollywood starlets.
The latest and most notable sale for BK nabe is 19 Monroe, which just sold for $6.8 million through a listing held by Yolanda Johnson at Corcoran. The property hit the market back in March for $7.3 million, and while the interiors were admired by many, the ask made more than a few jaw drops. But let’s not forget that this is NYC, and it never hurts to be overly ambitious…
Take a peek inside this unique townhouse
Over the years, the Brooklyn Navy Yard has become a modern manufacturing pole, and it has grown to host spaces for everyone from furniture makers to photographers to even financial services companies. Demand for space has grown tremendously, and in response, the Navy Yard has announced plans to create another 1.8 million square feet of space for both future and current tenants looking to grow their businesses.
More of what’s in store this way
With its beautiful brownstones and tree-lined streets, Crown Heights was once among the city’s premier neighborhoods prior to WWII. And though much has changed in subsequent years, Heritage Equity Partners is betting on its posh roots, acquiring a controlling interest in a new development project at 564 St. John’s Place.
The deal values the property at close to $30 million and plans call for the existing parking garage to be replaced by a 130,000-square-foot residential building, most likely a rental.
Heritage has been an active buyer in Brooklyn’s hot real estate market, most recently converting a church at 163 N. Sixth St. in Williamsburg into rental apartments and a new office building at 19 Kent Ave. in the same neighborhood is in the works.
Madison Realty Capital loaned Heritage $23.5 million to make the acquisition but the total price paid to former owner Rabsky Group was not disclosed. However, Madison’s co-founder, Joshua Zegen, said his firm is in active discussions with Heritage to provide construction funding for the project.
[Via Crain’s New York]
When this steam factory was built in 1900 one might have been hard-pressed to convince anyone it would house elegant loft-style living over a century later — with a monthly rent nearly 8x greater than what most New Yorkers made in a year! Preposterous!
Yet, here we are in 2014, totally bowled over by this simply gorgeous Williamsburg penthouse at 500 Driggs Avenue in the heart of the North side.
See how early 20th century charm meets modern day living
“New York is the meeting place of the peoples, the only city where you can hardly find a typical American.” – Djuna Barnes
Natalie Vie is an Olympic hopeful, a sculptor, and a resident of Bushwick. On any given day, she can be found fencing epee at Fencers Club in Chelsea, sculpting in her studio in Bushwick, curating a show, or out and about in her neighborhood’s coffee shops and bookstores. What’s interesting about Natalie is that she sounds like a native New Yorker; able to masterfully pursue multiple undertakings in a single day. However, she is actually a native of the desert.
Natalie, 28, grew up in Phoenix where she earned a B.F.A in Sculpture at Arizona State University, and was on the University’s club fencing team. She possesses a deep love for her home, but set her sights on New York. The city is home to a number of top ranked Women’s Epee fencers, and Natalie wanted to train alongside them. Almost three years ago, she moved cross-country and immediately felt right at home.
Fencing is referred to as physical chess. It’s complex, rhythmic, and demanding. Epee, one of three fencing disciplines, has an entire body for target. Natalie can score a touch on the hand, the leg, or even the foot. When she fences, she must analyze her opponent’s every move to find an opening and make a touch. Currently, she is in the midst of the World Cup season.
Our interview with Natalie here