Douglaston to Develop Third Toll Tower

10/14/2011 | Comment

The Wall Street Journal (via Brownstoner) reports that Douglaston Development, the developer of the Edge condos, has bought a vacant tower site next door at Toll Brother’s Northside Piers development. Douglaston plans to erect a 40-story luxury rental on the site.

Both Douglaston and Toll have sites for third towers on their properties – Douglaston has used its site to host the Brooklyn Flea and Smorgasburg, while the Toll site has sat vacant. The deal – which has been rumored for some months now – means that Northside Piers will be completed, albeit with rentals instead of condos and Douglaston instead of Toll as the developer (FXFowle, which designed the other Northside towers, will remain as the architect for the rental tower).

What is not clear is what this means in terms of affordable (inclusionary) housing. L&M Development Partners, which built the existing affordable housing at the Palmers Dock portion of Northside Piers, is listed as a partner with Douglaston in the new development. I don’t know if Toll has already built the required 20% affordable housing for the new tower, or if L&M will be developing it for Douglaston. L&M is building a new ground-up affordable project on Broadway and Kent, so conceivably that could represent an offsite component of the required inclusionary housing.

As Brownstoner notes, this is something of a bombshell. It is a bullish move on Douglaston’s part, and an indication of the relative strength of the Williamsburg rental market (particularly on the waterfront), but at the same time, the fact that neither Toll nor Douglaston is interested in condos has to be a bearish indicator.

NYT: Protestors Against Wall Street

In case you missed it, the Times had a very full-throated endorsement of #occupywallstreet:

It is not the job of the protesters to draft legislation. That’s the job of the nation’s leaders, and if they had been doing it all along there might not be a need for these marches and rallies. Because they have not, the public airing of grievances is a legitimate and important end in itself.

East River State Park Lights

People who live next to East River State Park aren’t happy about the solar lighting system installed by the State.

I don’t particularly like the poles either (it seems there are way more than are necessary, and they do seem a little bit randomly placed), but they are there so that everyone can use the park after dark.

(Actually, it seems that complainers aren’t happy about those lights or the soccer field lights at Bushwick Inlet Park, but the letter is a bit muddled on this.)

NY Housing Official Hit with Corruption Charges

A couple of local angles to the arrest of an HPD assistant commissioner for allegedly taking bribes for affordable housing project. First, the whole scandal seems have come to light because of a probe involving extortion of Polish construction workers in Greenpoint. And second, Sergio Benitez, one of the developers indicted, is at the center of a separate investigation into an apartment in an affordable development that he allegedly gave to Councilman Erik Dilan.

Tweak to the Whole Foods Williamsburg Rumor?

10/07/2011 | 3 Comments

Brownstoner, citing an a direct but unnamed source, is reporting that the rumored Whole Foods at Kent and Metropolitan is not going to be at the Monster Island, but instead on the other side of Kent Avenue. The site in question runs along Kent from Metropolitan to North 3rd, the open lot on the corner of Metropolitan, and a one-story green shed occupying the North 3rd corner. Unlike the west side of Kent, this side of the avenue is zoned for medium-density residential and commercial, so an as-of-right development would be similar in scale to that which is just finishing up at 175 Kent.

A quick search of city records shows virtually no activity on this site in ages. The property is owned by Manhattan LLC in Manhattan (the same LLC owns the adjacent property on North 3rd Street). There have been no property transactions since 2006, and no DOB actions since 1998. The lot is used to store building materials, and seems to be operated by a Chinese company, which would square with the address of the LLC, which is on Grand Street in Chinatown.

This site does seem to have more of the amount of space that a Whole Foods would require (particularly if you include the site on North 3rd), but with no plans filed, any mixed-use development is a long, long way off. Too long, it seems to me, for a retailer to commit to – particularly when there are large (but perhaps large enough) retail spaces at both 175 and 184 Kent. The west side of Kent still makes more sense for a retailer to build ground-up. Residential is not allowed as of right on that side of the street, so commercial development could be the best play there.

For the moment, I’m putting all of this in the category of Apple store and Starbucks speculation. Maybe Whole Foods (or some other high-end grocery store) is coming to the neighborhood, and maybe they’re coming to this part of Kent Avenue. We’ll see.

And while all of this (probably idle) speculation is going on about the Kent Avenue site, there is some serious demolition happening at the Con Ed property on the west side of River Street. According to DOB, Con Ed is demolishing “three (3) retired fuel tanks”, each constructed of concrete over 20″ thick. What will replace these riverside tanks is not known (how about a waterfront esplanade?!?).