In the shadow of the Williamsburg Bridge and across from the massive Domino Sugar Factory redevelopment underway by Two Trees, a tiny corner site at 349 Kent Avenue and South 5th Street will give rise to a six-story, 10-unit residential building designed by Brooklyn-based Workshop DA.
The 4,000 square-foot lot was purchased for $1.3 million by Eugene Bushinger’s 351 Kent Realty LLC in early 2011 and in May, it was reported that building permits were filed for a 15,300 square-foot residential building. The pre-existing, two-story structure that once provided a welcome splash of color along the Brooklyn Greenway has since been demolished. Its worn, brick faced boasted a geometric and robot-infused mural painted by R. Nicholas Kuszyk (a.k.a. RRobotsollaboration) with How and Nosm in 2011.
find out more about the development here
- Activists are taking a stand against billionaire Barry Diller’s plan to build a floating park. [NY Post]
- How much do big firms rely on their top name brokers for revenue? [TRD]
- Here’s the city’s schedule of “West Nile Spraying Events.” Find out when your neighborhood is up. [NYC.gov]
- The artist-owned NY Studio Gallery at 154 Stanton Street in the Lower East Side has sold for a whopping $4.8M. [CO]
Images: The Million Dollar Listing crew (L); Mosquito (R)
- Supermodel Gemma Ward has made a $2.25M sale on her East Village apartment. [NYDN]
- Opinion: Want more affordable housing? Create more transit. [Grist]
- Woody Johnson’s ex-wife is being sued over her 817 Fifth Avenue condo sale. The brokerage who handled the sale says she owes them $810K. [NYP]
- After much protest, the city has ordered the architect pushing to remove fire escapes from two Soho buildings to stop. [DNA Info]
- More and more restaurateurs are buying instead of renting. [CO]
- Harlem is “going to be amazing in a few more years.” [Gothamist]
Images: Gemma Ward’s now former E. Village home (L); NYC bus (R)
- Douglas Durst recounts life with his brother Robert while growing up. Here’s a tidbit: “I was always amazed that he had friends, because from what I saw, I didn’t see how anyone would see him as someone they wanted to be friendly with. Obviously, he is someone able to assume various identities as it pleases him.” [NYT]
- WXY Studio has unveiled plans for the “Brooklyn Strand,” a brand new greenway that will stretch between Brooklyn Heights and DUMBO.[Brownstoner]
- The NYC luxury real estate market has seen the world’s greatest price surge. [The Real Deal]
- Buy a Sandy-ravaged property for as little as $28,000. [Brick Underground]
Images: Brooklyn Strand © WXY Studio (L); Douglas and Robert Durst (R)
Images: Frank Gehry (L); Om/One via Om Audio (R)
- 12-Year-Old Catches Another Great White Shark in the Rockaways: Okay… we’re sure by now you’ve figured out that one of our writers… (not saying who)… is a little obsessed with sharks. Either way, Brooklyn mag has pics of a kid catching another shark, and they’re 99.9% sure it’s a marketing ploy for the new Sharknado movie. But it’s not like any of us will be watching or anything…
- Shake Shack Flagship to Close for Five Months: Say it isn’t so! We’re guessing Danny Meyer truly believes that absence makes the heart grow fonder because Shake Shack’s mainstay at Madison Square Park is closing for 5 months for repair, according to the Observer. But before you panic, find out when. It might not be as bad as you think… okay it’s still bad.
- Made-in-Brooklyn Brands to Get Certified: Won’t the real Brooklyn brands please stand up, please stand up, please stand up? According to the NY Post, the Brooklyn Chamber of Commerce is initiating a Brooklyn Made certification program to separate the wannabes from the authentic.
- History Tribute Fence Celebrates Diversity: In an effort to soften the blow of the less-than-pretty on-going construction site at Essex Crossing, Laurene Leon Boym’s artwork was chosen to dress the fence. Bowery Boogie has more details, including some of the drawing’s names.
- How to Get to New York’s Nuclear Lake: Scouting NY takes us on a journey to a former nuclear research lab from the 1950s. And you just wait until you see the lake!
Images: Shake Shack Madison Square Park (left), History Tribute Fence (right)
- During the week May 26th, NYC saw 254 condominium and cooperative sales, averaging $2.3M and $1.5M a sale respectively. The three most expensive closings were on the UES and in Nolita. Egyptian billionaire Nassef Sawiris made history with his $70M penthouse buy – the most ever paid for a co-op.
- In celeb real estate news, new-age author and physician Deepak Chopra ditched his mediocre Park Imperial pad and even managed to make more than a million dollars in the process; Simon Cowell on the other hand put down $10.85M for his family’s new ultra-luxe UES home.
- Industrial Revolution: While designers (and developers) are favoring ridiculously tall glass towers, architect Morris Adjmi is returning to the fundamentals by designing subtly distinct, timeless buildings that blend seamlessly into their historic neighborhoods. We profile Adjmi in this week’s issue.
For market trends, top residential sales, celeb real estate news and a look at those (architects) who dare to be different, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
Get the full report here
- For the week of May 19, 2014, 81 condos sold for an average price of $3.1 million, while 123 coops sold for an average of $1.3 million. The Walker Tower, One57, and the newly opened Marquand stole the top three spots for most expensive sales that week.
- NYC’s soon-to-be-tallest residential tower at 432 Park Avenue surpassed its 1,000-ft mark this week and is now taller than any rooftop north of the Empire State Building. The Vinoly-designed building will top out at 1,397 feet – taller even than One World Trade Center.
- Beauty or beast? We take a closer look at the Herzog & de Meuron-designed 40 Bond — form, function, sales prices and all.
For market trends, top residential sales, and the latest starchitecture news, we turn to CityRealty‘s Weekly Market Snapshot for the scoop.
get the report here