Crown Heights

Daily Link Fix

tree, Cleveland Callery pear tree, 9/11, ground zero, national septemeber 11 museum and memorial
  • Summer Streets Is Here!: Time to break out the bike and ride the open roads. Summer Streets closes down streets in Brooklyn and Manhattan for biking, zip-lining, running, yoga and other activities. Find out where to find the annual program at The New York Times.
  • LGBT Barbershop Coming To Crown Heights: DNAinfo reports that hair stylist, Khane Kutzwell, plans to open a barbershop that also doubles as a safe space for LGBT to come, hang out and get a haircut in a non-judgmental atmosphere. Click through to read more and help fund her Indiegogo campaign.
  • A Tree Grows in Ground Zero: Narratively’s short video tells the moving story of one Cleveland Callery pear tree that refused to be broken when it was buried in the rubble at Ground Zero.
  • Would You Live In Damien Hirst’s Community?: Because once you’ve done it all, what else is there to do? The richest living artist is now planning an eco-community in the British country. Find out how not sustainable this project is over at PSFK.

Images: left – Video screenshot from Narratively; right – DNAinfo

Brooklyn, Crown Heights

564 St Johns Place, Brooklyn

With its beautiful brownstones and tree-lined streets, Crown Heights was once among the city’s premier neighborhoods prior to WWII. And though much has changed in subsequent years, Heritage Equity Partners is betting on its posh roots, acquiring a controlling interest in a new development project at 564 St. John’s Place.

The deal values the property at close to $30 million and plans call for the existing parking garage to be replaced by a 130,000-square-foot residential building, most likely a rental.

Heritage has been an active buyer in Brooklyn’s hot real estate market, most recently converting a church at 163 N. Sixth St. in Williamsburg into rental apartments and a new office building at 19 Kent Ave. in the same neighborhood is in the works.

Madison Realty Capital loaned Heritage $23.5 million to make the acquisition but the total price paid to former owner Rabsky Group was not disclosed. However, Madison’s co-founder, Joshua Zegen, said his firm is in active discussions with Heritage to provide construction funding for the project.

[Via Crain’s New York]

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