Greenpoint Hospital Bid Receives Shot in Arm

A private foundation has donated $500,000 to further GREC/St. Nick’s application to redevelop the Greenpoint Hospital site. GREC/St. Nick’s are one of four applicants who have been waiting for almost two years for the City to decide what to do with the site.

Broadway Triangle: Stop ‘n’ Go

On Monday, the City Council approved the Broadway Triangle rezoning by a vote of 36 to 10, with 4 abstentions (Gotham Gazette and the Times both have excellent coverage of the vote and the process). The final agreement worked out by the council included an additional 10,000 square feet of public open space (at the cost of about 40 units of affordable housing), and vague promises to provide assistance to relocate businesses in the area. Also, Councilmember (and soon to be Public Advocate) was heard making noises about HPD’s process of sole-sourcing development rights here and elsewhere.

All of that is on top of the basic outlines of the plan that have been in place from the beginning – a substantial amount of affordable housing within a manageable and sustainable zoning envelope.

Proponents are citing a figure of 800+ plus units of affordable housing, while the opponents say that “much of the affordable housing… is not mandatory, but it is part of the city’s inclusionary housing program“. The truth lies somewhere in between. The number of units on city-owned sites is about 600 (and that is after the loss of 40 units for the additional open space). Those units are guaranteed to be affordable. The difference between 600 and 800 is the inclusionary housing program, and those units are not guaranteed. In fact, if the past any indication, it is likely that none of those additional will be built. But even if they are not, and the rest of the rezoning area is built out fully with market-rate units, this rezoning will still generate over 40% affordable housing.

Part of the reason the rezoning reaches that percentage (a number the entire community fought for in the 2005 waterfront rezoning) is that the overall zoning is contextual to the rest of the community. The R6A and R7A implemented as part of this rezoning does not seek to supersize development – it keeps development within a reasonable and sustainable density (again, something the entire community fought for in 2005).

But it’s not over yet.

The Observer was a tad premature in its assessment of the Council’s approval “seeming to conclude a saga over the large below-market rate housing site in Brooklyn that has been pushed relentlessly by Assemblyman Vito Lopez”.

That’s because last night, a judge “granted the Broadway Triangle Community Coalition’s application to halt implementation of the City’s controversial rezoning of the 30 acre Urban Renewal Area at the border of Williamsburg and Bedford Stuyvesant in Brooklyn.”



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291 Bedford Avenue

South_1st.jpg

291 Bedford Avenue
Rosenbaum Design Group, Architects


This building has been going up on the corner of South 1st and Bedford for some months now (one of many green shoots on the Southside). Textbook example of how a small building can be completely out of context. Not surprising given the architect’s speciality – shopping centers and supermarkets (their website doesn’t even mention residential).



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Monkey Town Closing

“Due to landlord issues.”

Do those landlord issues have anything to do with the massive addition being slowly built on top of the restaurant?

[via Real Deal]

DuaneReade Coming to Bedford Avenue

DuaneReade is its bringing new, non-insta-blight, retail look to Bedford Avenue. To the Quadriad building to be specific. Like right across the street from King’s Pharmacy.

Snoozing Brooklyn Squatter Lands in Cuffs

In a truly uninformative piece of reporting, the Post tells us that someone named “Torres” was arrested squatting in a $2,500-a-month apartment in “Williamsburg”. And he wasn’t happy about the lack of heat or the cops who took him away.

But it makes for good headlines, no? (And while they have clearly let their copy editors go, at least Post still pays the headline writers.)

Williamsburg Trumps Other Nabes in Condo Sales

You can take a few things away from this report, depending on whether your glass is half full or half empty.

Half full: Williamsburg has seen 269 condo closings for the calendar year to date (through November, I believe). That is more than the next three neighborhoods (Park Slope, Greenpoint and Prospect Heights) combined.

Half empty: Williamsburg still has 348 condo listings. And I would bet that that number dramatically undercounts the actual inventory.

Half full: The average asking price for those 348 listing is $757 per square foot, higher than every neighborhood except Fort Greene and Brooklyn Heights.

Half empty: The condos that have sold so far this year have averaged $548 per square foot, lower than every other neighborhood in the survey (including Greenpoint).

Half full: The report lists 235 signed contracts for Williamsburg condos (more than twice any of the other neighborhoods surveyed).

Still half full: The average listing price for condos with signed contracts is $736 per square foot, higher than in any other neighborhood except Brooklyn Heights.

Make of it what you will.