388 Bridge

Real Estate Wire

bed stuy 80/20

We roundup today’s residential real estate news highlights for one digestible bite:

  • Bed Stuy is getting a brand new 10-story mixed-use building complete with 50 apartments [Brownstoner]
  • NYC gets a rent hike! Of 1%… The lowest ever recorded [New York Post]
  • South Slope’s newest condo development just placed its units on the market. The cheapest is going for $725,000 and the steepest $1.2 million [Brownstoner]
  • Evil be gone: A 206-year-old church is trying to stop Extell’s plans to build a 14-story condo on their site, saying they won’t be “walking doormats” [NYT]
  • Sales are soaring at Brooklyn’s tallest tower, 388 Bridge. Just 16 days after launching sales, more than 40% of the 104 condominiums have been snatched up [Crain’s]
  • Four Winds Real Estate wants $35 million for a LES rental building they bought for $19 million last year [The Real Deal]
  • JDS is bringing an 11-story mixed-use project to Boerum Hill. 47 residential units and over 3,000 square feet of commercial space are planned for 613 Baltic Street address [The Real Deal]
  • Pricing and floor plans for the Thomas Juul-Hansen-designed penthouses at 505 West 19th Street near the High Line have emerged [Curbed]

Bed Stuy’s new building (left); Brooklyn’s tallest tower (right)

Architecture, Downtown Brooklyn, New Developments, Rentals, Urban Design

388 Schermerhorn Street, Dattner Architects, Brooklyn, skyscraper, Downtown Brooklyn

L to R: Williamsburg Savings Bank (One Hanson), The Brooklyner, 388 Bridge Street, Avalon Willoughby West, The Hub

Construction filings from the Department of Buildings have revealed that Douglas Steiner’s mixed use tower at 333 Schermerhorn Street, dubbed the Hub, will soar 30 feet higher than previously reported; making it the top contender for Brooklyn’s tallest building at 607-feet.

For more than 80 years, the title of Brooklyn’s tallest belonged to the 512-foot Williamsburg Savings Bank tower at 1 Hanson Place. With its beloved 4-sided clock tower and its majestic banking hall, the tower has stood in relative isolation since its construction in 1929. Bruce Ratner’s Atlantic Yards centerpiece building nicknamed “Miss Brooklyn,” was the first to challenge the tower’s dominance and was slated to soar more than 100-feet above the bank building’s dome. The proposal incited uproar from Brooklynites, leading to its eventual downsizing in 2006 to 511-feet, just one foot shorter than the neighboring bank building.

More about The Hub and Brooklyn’s tallest this way

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