A lottery launched on Wednesday for 41 middle-income units at 115 Stanwix Street, a building which is part of the Rabsky Group’s redevelopment of the Rheingold Brewery site in Bushwick. Designed by ND Architecture & Design, the eight-story development sits between Montieth Street and Flushing Avenue. Qualifying New Yorkers earning 80 and 130 percent of the area median income can apply for the units, which range from $1,432/month one-bedrooms to a $3,225 three-bedrooms.
A new rental development designed by ODA Architecture has been dubbed by its developers as a building “made for Bushwick.” And once you tour the sprawling, two-block site, that bold declaration makes more sense. Located on part of the former site of Brooklyn’s Rheingold Brewery at 54 Noll Street (with its still-under-construction sister site at 123 Melrose Street), the Denizen Bushwick features a fragmented facade with rust-colored, deeply-recessed windows. But what stands out the most at the building, in addition to its bisecting green promenade and interconnected courtyards, remain the corridors of large-scale art that stand seven stories tall.
Rendering via ODA Architects
A lottery launched this week for 100 affordable units at 10 Montieth Street, part of the massive ODA-designed Rheingold Brewery development in Bushwick. The seven-story, 392-unit building topped out last September, with its distinct modular form, sloping rooftop garden and colorful frames. Amenities at the building include a climbing wall, laundry room, interior courtyard, game room, bike storage, children’s playroom, art studios and much more. Qualifying New Yorkers earning 60 percent of the area median income can apply for the units, ranging from $913/studios to $1,183/two-bedroom apartments.
Rendering courtesy of ODA Architecture.
The lottery (pdf) for 183 apartments at 54 Noll Street and 123 Melrose Street, known as Evergreen Gardens, launched today for one of the parcels of land being redeveloped on the site of the former Rheingold Brewery site in Bushwick. Individuals and families earning 60 percent of the area median income, or between $34,355 and $57,240, are eligible to apply for units ranging from $947/month studios to $1,230 two-bedrooms. Among its plethora of indoor and outdoor amenities, the massive ODA-designed project boasts a central park and a rooftop terrace complete with an urban farm.
Slated to be the largest influx of housing created in Bushwick ever, ODA Architect’s two projects on the old Rheingold Brewery site continue to progress. Rabsky Group’s 10 Montieth Street, a nearly 400,000-square-foot, seven-story building with 392 units, just topped out. And All Year Management’s impressive development, totaling one million square feet, at 123 Melrose Street is currently being clad. Overall, the two projects will span three full city blocks.
The day after securing a $93 construction loan, the Rabsky Group has announced that 100 out of the 500 rentals at their massive Rheingold Brewery development will be below-market rate. As Curbed notes, Bushwick residents have been advocating that the 400,000-square-foot project include affordable housing since it was first announced, spurred not only by the neighborhood’s need, but the fact that Rabsky had no legal obligation to include affordable units.
We hear so frequently about the players behind Manhattan’s billion-dollar real estate projects and how foreign investors are pouring a global vault’s worth of currency into New York City property, often shielded by LLCs. It’s illuminating to get a closer look at the city’s larger real estate landscape–one that has changed so much in recent decades–and learn who’s behind the soaring property values, skyrocketing rents, frenzied flipping and veritable horse-trading that has driven the unprecedented and transformative gentrification beyond Manhattan’s rarified development scene.
A recent story by The Real Deal titled “Learning and earning: Hasidic Brooklyn’s real estate machers” reveals that a huge slice of the borough’s real estate pie is owned by the Hasidic community. The ultra-orthodox sect reportedly includes some of Brooklyn’s wealthiest property owners, to the tune of $2.5 billion.
In March of 2015, the cube-happy architects at ODA revealed their design for 10 Montieth Street, part of Bushwick‘s 10-block Bushwick’s Rheingold Brewery site. The 400,000-square-foot, 400-unit rental building from the Rabsky Group has a bow-tie shape with a sloping zig-zagging green roof and amenity-laden courtyard.
Last week, renderings were released for a second project from ODA at the Rheingold site, this one with developer All Year Management. Inspired by a “European Village” and dubbed Bushwick II, this rental one ups 10 Montieth; it will encompass one million square feet over two city blocks and have 800-900 units, as well as an entire system of interconnecting courtyards and common spaces that break from the street grid, an 18,000-square-foot central park, and a 60,000-square-foot rooftop with an urban farm and recreational spaces including a pool. Dezeen has uncovered additional renderings of Bushwick II that showcase these outdoor spaces, and they do not disappoint.
Design firm RAAD is no stranger to boundary-pushing projects (their founder James Ramsey is a co-creator of the Lowline underground park), and their latest endeavor may grant them bragging rights as the designers behind the city’s, perhaps even the world’s, largest urban farm.
Brownstoner spotted conceptual renderings (read: the developer has not filed permits nor have they confirmed they’ll move ahead with RAAD’s vision) for 930 Flushing Avenue in Bushwick, part of the Rheingold Brewery mega-development. The mixed-use project, officially known as 1 Bushwick, would offer commercial, retail, residential, hotel, cultural, and agricultural spaces. The aforementioned rooftop farm would be nearly 165,000 square feet; Brooklyn Grange, which is currently the world’s largest rooftop soil farm, occupies 108,000 square feet across two sites. A description of 1 Bushwick says: “Guests relaxing in the rooftop pool will be regaled by a rare experience: views of the skyscrapers of Manhattan — and cornfields.”
Google Earth rendering of the new residential buildings going up in Downtown Brooklyn, via CityRealty
We recently reported that New York City was entering its biggest building boom since 1963. Building permits rose 156 percent over the last year, accounting for 52,618 new residential units. If that number seems large to you, keep in mind it’s spread over the five boroughs, including the supertall towers of Manhattan. But a new report from CityRealty shows that northern Brooklyn alone with get 22,000 new apartments over the next four years.
According to the report, which only looked at buildings with 20 or more units, “around 2,700 new units are expected to be delivered in 2015. That number will nearly double in 2016, when approximately 5,000 apartments will be ready for occupancy.” The majority of these units, 29 percent or 6,412 apartments, will come to Downtown Brooklyn, followed by Williamsburg with 20 percent or 4,341 units.