Brooklyn real estate is hot, very hot, and there’s no cooling off in sight, according to most speakers at yesterday’s sold-out Brooklyn Real Estate Summit, sponsored by Massey Knakal and held at the Brooklyn Museum. From Billy Macklowe to David Shorenstein and Jonathan Rose, get the run-down of what the industry’s leading pundits have to say about BK real estate.
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There’s no stopping the Brooklyn development boom, but getting to and from the borough from Manhattan will increasingly become a nightmare with thousands of new residential units hitting the market in the coming years. If you’ve commuted from Brooklyn to Manhattan (and vice versa) you know that the subway system is already taxed. But as more and more homes are added throughout the borough, it’s surprising that no plans have been made to alleviate the transportation stress that will soon come with it. Until now.
Today, Dan Levy, the president and CEO of CityRealty*, will present his proposal for the ‘East River Skyway‘, an aerial gondola system that would run along the Brooklyn waterfront and into Manhattan, bringing commuters over the river in just 3.5 minutes.
The owners of this Brooklyn Heights loft on the top two floors of a converted YMCA building wanted to remodel their space to accommodate both of their individual, extensive book and art collections; they also needed a home that would be great for dinner parties and entertaining. Rather than settling on boring built-ins, they turned to Ensemble Architecture to create a solution that would put their most treasured items on show.
- Renderings of what 1110 Park Avenue will look like inside. [Buzz Buzz Home]
- Condos at Ian Schrager’s upcoming Public hotel on the Lower East Side are poised to break a sales record for the neighborhood. Prices are said to start at $7M. [TRD]
- Condos at the Oosten have hit the market. The building offers up a mix of townhouses, duplexes, one-, two- and three-bedrooms, lofts and duplex penthouses starting at $710K. [CityRealty]
- Douglas Elliman has launched a new commercial branch, Douglas Elliman Commercial. [6sqft inbox]
- A Chinese developer has paid $128M for the United Charities Building. Future plans? Condos, of course. [Curbed]
1110 Park Avenue (left); Oosten (right)
Carriage houses, stables, factories…in a city short on space you have to get creative when looking for residential development opportunities. And this former warehouse at 28 Old Fulton Street in Brooklyn Heights is a perfect example of how a little vision can go a long way.
When Brooklyn architect Frank Freeman completed the Eagle Warehouse and Storage Company building in 1894 it served as a place to store furniture and silverware. However, at the time, even warehouses were designed with a simplicity steeped in grace and beauty, often lacking in their modern-day counterparts. One look at the main entrance’s bold Roman arch adorned with the company name in large bronze lettering and there is no mistaking the care Mr. Freeman took with his “warehouse project”.
The second Annual 14+ Foundation Benefit on October 2nd will support the building of schools in Zambia with the help of top New York architects and artists. Julian Schnabel, Rashid Johnson, and the Bruce High Quality Foundation have donated works for a live art auction, and Solange Knowles is set to perform. The event will take place at the Diamond Horseshoe from 6:00pm to 2:00am. It follows the organization’s work on the Chipakata Children’s Academy in Lusaka, Zambia, a new school, orphanage, and community facility that will provide arts-based learning programs, as well as daily meals.
- Tired of trips to MoMA and the Met? Try out these 10 obscure NYC museums, like the Jacques Marchais Museum of Tibetan Art or the Underpenny Plane and Cast Iron Museum, rounded up by Untapped Cities.
- In case you were wondering, this is where NYC’s poop goes. Gizmodo does the dirty work.
- Help out the sweetest cab driver in the city get a new CandyCab! Learn how on Huffington Post.
- Curbed features 9 disasters that resulted in making NYC a safer, more resilient city.
Images: Jacques Marchais Museum of Tibetan Art by Bill Lyons for Staten Island Advance (left); Triangle Shirtwaist Factory prior to fire courtsey of UPI/Cornell University (right)
New York City stinks, yes, but this city of ours is rich in smells like no other. To document the odors that linger, excite and nauseate inhabitants, British multi-sensory artist Kate McLean and her army of sniffers are running around town with their noses to the wind—and deep in trashcans. McLean has so far mapped a block of Greenwich Village and her latest jaunt took her and her team out to Bedford Avenue, where she found the most offensive odor to be “the aroma of a marijuana joint”. Not convinced?
We’ve heard about people who move out of the city in search of a more quiet lifestyle, but then can’t think or sleep due to the silence. Well, there’s a new album that might be just what the doctor ordered for these sleep-deprived NYC expats.
Line In-Between is an album recorded entirely from the noises of New York City, highlighting that sounds and music are interconnected. And what makes us love this project even more is that while the urban tunes roll, striking images of the city’s architecture play along.
Who wouldn’t want to step out onto their magnificent terrace in Flatiron and gaze at the Met Life and Empire State Building? We’re guessing the owners of this fabulous pad are going to have a hard time parting with it… or maybe they just don’t have an appreciation for convenient locations with amazing views. Either way, this newly renovated loft at 40 East 19th Street is available for $3.85 million. Take a look at what’s inside and outside, ahead.