Brooklyn’s 25-block Dumbo neighborhood gets its name from where it can be found: Down Under the Manhattan Bridge Overpass, which explains not only the neighborhood’s location, but its cultural and residential evolution. The waterfront district’s iconic East River and Manhattan views and its stunning bridge-framed architectural vistas have defined it long before its current acronym and status as a coveted residential choice. Unlike many other Brooklyn neighborhoods, the area it occupies is quite small, but its architecture, infrastructure, and economic status are formidable.
85 Jay Street
Rendering by Williams New York
Architect Morris Adjmi’s latest residential project officially topped out in Dumbo last month. A former parking lot, 85 Jay Street is now home to two sleek 21-story towers comprised of residential units and space for retail. Dubbed Front & York, the complex will bring a mix of 728 condo and rental units to a full block in the neighborhood when it opens next year, making it one of the largest developments in Dumbo. Current availability for the condos ranges from a one-bedroom for $965,000 to a four-bedroom penthouse for $7.85 million.
Renderings courtesy of Williams New York
The future of the empty, former parking lot at 85 Jay Street was revealed last week when developers released new details and renderings of the highly-anticipated project. Named Front & York after its bordering streets, the development will be a 21-story residential and retail complex bringing 728 new apartments (a mix of condos and rentals) to the neighborhood. According to reporting by The Bridge, the development will be the largest yet in Dumbo and will supply enough housing to increase the population of the upscale neighborhood by 25 percent.
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.