Month: June 2012
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Brooklyn’s Boneyard
In the Daily Mail, a collection of photos from Williamsburg’s days (not so long ago) as a open-air chop shop. Photo: James Cathcart
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City Won’t Promise to Finish Two Long-Stalled North Brooklyn Parks
As the Brooklyn Paper reports, the Bloomberg administration has refused to commit to any goals or deliverables on the acquisition or construction of Bushwick Inlet Park or 65 Commercial Street. (I guess everyone has given up on the expansion of Barge Park?) Financial mismanagement and planning gaffes have also stood in the way of both…
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Brooklyn Waits on Promise of a Park
Stuck in Park Source: WSJ The Wall Street Journal has a lengthy article (and excellent graphic) on the fight to get the Bloomberg administration to follow through on the parks and affordable housing it promised Williamsburg and Greenpoint in the 2005 rezoning. Often there are community benefit components that make rezonings more acceptable than they…
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Let Us Drink in the Parks
http://www.nypost.com/p/news/opinion/opedcolumnists/let_us_drink_in_the_parks_rJL5DGQmnf3HQCZR6fp2xL
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Related, Silverstein Also Looked at Domino
The Commercial Observer has more information on the Two Trees acquisition of the Domino site, including the fact that two other major developers – The Related Companies and Silverstein Properties – were interested in the site. The Observer seems to agree with everyone else (myself included) that Two Trees is a good fit for the…
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Searching for the L Train’s ‘Silver Bullet’
http://secondavenuesagas.com/2012/06/12/searching-for-the-l-trains-silver-bullet/
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Residents, Pols Irked Over Slow Parks Progress
http://www.nydailynews.com/new-york/residents-pols-irked-1-park-built-williamsburg-waterfront-article-1.1093815?localLinksEnabled=false
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Community Anxious Over Possible Domino Sale
Crain’s has some follow up community reaction to the news that Two Trees might be buying the Domino site. Apparently the community, or at least Isaac Abraham, is “anxious” about the sale: Any developer or investor who wants to purchase Domino without committing itself to the 660 affordable units, should really think twice,” said Isaac…
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Two Trees to Buy Domino?
The Daily News and Crain’s are reporting that CPCR has reached a deal with Two Trees to sell the Domino project for $160 million. CPCR and its partner Isaac Katan bought the Domino site in 2006 for $55 million. Since then, they have rezoned the property for residential use and gotten stuck in a morass…