Applications are currently being accepted for 49 middle-income units at The Caesura in Fort Greene, a rental expected to open late this summer. Located in the heart of the Brooklyn Cultural District at 280 Ashland Place, the 12-story mixed-use rental building sits just one block from the famed Brooklyn Academy of Music (BAM). Designed by Dattner Architects and Bernheimer Architecture, Caesura features a landscaped rooftop garden and conservatory, fitness center, bike room, community room and a shared goods or “lending library” space. New Yorkers earning 80 and 130 percent of the area median income can apply to rent units ranging from $886/month micro-units to $2,715/month two-bedrooms. Find out if you qualify
BAM Cultural District
Apple opened its first Brooklyn store on Bedford Avenue in Williamsburg over the summer, which many felt was the final nail in the coffin of the neighborhood’s gentrification. The company has now set their sites on another rapidly developing part of the borough, as The Real Deal reports they’ve inked a 10-year deal for a 12,000-square-foot space in the ground floor Two Trees Management’s 300 Ashland Place in Downtown Brooklyn‘s BAM Cultural District. It was an off-market deal, so there’s no asking rent, but sources say the going price for the 32-story rental tower’s retail space is $150 per square foot.
Google Earth rendering of the new residential buildings going up in Downtown Brooklyn, via CityRealty.com
This time last year, 6sqft shared a report from CityRealty.com that detailed how Northern Brooklyn would be getting a staggering 22,000 new apartments over the next four years, with the majority, 29 percent or roughly 6,500 apartments, headed for Downtown Brooklyn. The trend has kept up, as the Times reports today that this number of units is concentrated among “19 residential towers either under construction or recently completed along the 10-block section of Flatbush stretching from Barclays Center north to Myrtle Avenue.” Another 1,000 units are coming to four buildings on Myrtle Avenue, and all of these are overwhelmingly rentals. In fact, 20 percent of the entire city’s rentals that will become available this year and next are in the neighborhood. But many believe this rental boom is fast approaching a glut that will cause prices to soften in a saturated market.
It’s been 14 years since Enrique Norten‘s ship-like design was chosen to sail upon a triangular site in an ambitious arts district planned for the area around the Brooklyn Academy of Music. Initially proposed as an eight-story glass building to house the Brooklyn Library for the Visual and Performing Arts, the project was altered to a mixed-use high-rise when Two Trees Management was brought onboard during the economic downturn in 2008.
Now officially known as 300 Ashland Place, the slab-shaped tower is a silvery 32-story icon that architecture critic Carter Horsley praises as a “gleaming, but mysterious steed” in the emerging Downtown Brooklyn skyline. It will house a smattering of public uses in addition to 379 apartments above. Earlier this July, leasing began on the 300 market-rate apartments that go for roughly $2,850/month for studios, $3,600/month for one-bedrooms and $5,750/month for two-bedrooms. And now, a housing lottery has launched for the 76 affordable units that include $889/month studios, $949/month one-bedrooms, and $1,087/month two-bedrooms.
At the crossroads of Fort Greene, Downtown Brooklyn, and the BAM Cultural District, The Ashland rises. Next Tuesday, July 19, the 53-story, 586-unit tower will open its leasing office to prospective renters interested in its one-, two- and three-bedroom no-fee apartments, priced from $2,600/month for studios to $7,500/month for three-bedrooms. Previously, 282 apartments went online through the city’s affordable housing lottery.
To coincide with the grand opening, the Gotham Organization-developed and managed building has also launched its full website, providing us a bundle of new renderings of the exterior, the apartments, and the 17,000-square-foot marketplace that will open along its ground floor.
The latest tower to open its doors in Downtown Brooklyn‘s BAM Cultural District is 300 Ashland, a 35-story, mixed-use tower from Two Trees Management that is offering 300 no-fee rentals. There are currently nine units available with studios starting at $2,850/month, one-bedrooms at $3,300/month and a single three-bedrooms from $5,750/month.
To coincide with the launch, the developer has published an official building website that brings a slew of new renderings, showing off TEN Arquitectos‘ perforated skin and the landscaped public plaza, as well as providing a first look inside the apartments.
Real Estate Wire: State Seizes Seven Properties for the Atlantic Yards; BAM Cultural District Gets $131M, Fri, September 19, 2014
- The state has gotten approval to seize seven sites for Forest City Ratner’s Pacific Park Brooklyn project (previously named Atlantic Yards). Tenants now have 90 days to vacate their units. [DNA Info]
- The $1B three-tower expansion for Silvercup West is back on track. [Curbed]
- Most of the world’s billionaires call NYC home. [TRD]
- Winston Von Engel has been appointed as the new director of the New York City’s Department of City Planning’s Brooklyn office. [TRD]
- The BAM Cultural District has received $131M from the city. [NYO]
Pacific Park/Atlantic Yards (left); What’s to come for the BAM Cultural District (right)
Leeser Architects, designer of the Museum of the Moving Image expansion in Astoria, seems to be single-handedly upping the architecture ante in the outer-boroughs. Fresh off the heels of demolition commencing on the site of their multi-faceted 30-story Marriott Autograph Collection tower in the BAM Cultural District, Leeser may also be busy in the conversion of DUMBO’s five-building Jehovah Witness Watchtower complex into a high tech incubator and residential tower.
It’s going to be a noisy summer for those living in the BAM Cultural District. Works have started on not one, but two of the glassy towers planned for the area.
The two towers will be located at 286 Ashland Place and 590 Fulton Street, and are designed by Ten Arquitectos and FXFOWLE, respectively. Heavy machinery was recently delivered to the sites and excavation has begun. The two projects are part of a major re-haul of the area around BAM into a new cultural hub for Brooklyn.