Ugliest, Scariest, Most Horrible

The last thing Greenpoint ever wanted was a wall of buildings. This is the ugliest, scariest, most horrible plan.

It would have been great if all these people cared back in 2004 or so when all of this was getting approved. Olechowski is right – there was a lot of activism within the community to get a better plan out of the rezoning (going back to the mid 1990s), but what was approved is what was approved.

And except for the height of 77 Commercial, just about everything here is what was approved in 2005. And the height of 77 Commercial has an actual community benefit attached to it – a new park next door at 65 Commercial. Whether that is a trade-off worth making is another question.

New new Domino Plans Revealed

Cheap sugar

Taller… and cheaper?


In case you missed it, the new new Domino plans went public late this evening. There is a lot to digest here, including taller buildings, a lot more architecture, more open space, a whole new street, a lot more commercial space, a little less residential space, the same amount of affordable housing. And, according to the Post headline writers, Two Trees has really figured out how to economize on construction costs.

Like I said, a lot to digest here. But in the end, it comes down to a question of: is it better?

Greenpoint’s Boathouse on Troubled Waters

Beautiful pictures and nice synopsis of the Greenpoint Boathouse project at Brooklyn Based:

Community advocates want to reclaim Newtown Creek by constructing a boathouse in the ground floor of the Greenpoint Manufacturing and Design Center (GMDC). The project would also include a repaired bulkhead and an esplanade along the waterfront. For boaters and the kayak-curious, it will mean storage space for non-motorized watercrafts and a training center for recreational boating. For all other visitors, it will provide a place to enjoy the waterfront, as the development would create a public gathering spot that is more of a park than a club.

If all goes according to plan, Greenpoint will have this new waterfront park by 2014.

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 planned open spaces.

Bloomberg officials originally valued [the soccer field block] on the southern edge of the 28-acre Bushwick Inlet Park at about $12 million, but a judge ruled that the area’s residential rezoning meant its value was almost eight times higher.

The city eventually settled with the property owner and bought the parcel for about $93 million, according to court papers and Council testimony…

Money to build a park at Commercial Street dried up too.

In 2007, city budget hawks removed $13 million of the $14 million allocated to the park’s development and spent it on other projects.

Contrary to the headline, I don’t think anyone expects that this administration will finish either of these parks before January, 2014. But the administration can ensure that the parks will be built someday by negotiating contracts to buy all of the Bushwick Inlet properties and by moving the MTA off the Commercial Street lot once and for all.

Neither of those actions will ensure that the parks are completed anytime soon (as I said elsewhere, we are looking at decades), but they will ensure that North Brooklyn has a clear path to getting the parks we were promised seven years ago.

Brooklyn Waits on Promise of a Park

Wsj map

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 otherwise would be,” said state Sen. Daniel Squadron, whose district includes the Williamsburg waterfront. “If those promises don’t mean anything, it’s going to be a lot harder to move forward with similar community-remaking projects


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 of bankruptcy and lawsuits. The sale would allow CPC (the not-for-profit parent of CPCR) to pay off its subsidiary’s mortgages on the property (rumored to be $125 million) and go back to focusing on what they do best, which is providing financing for affordable housing.

If true, this latest development in the Domino saga bodes well for the fate of the overall project – not that that was ever really in question (prime waterfront real estate in a hot gentrifying neighborhood is a rare commodity, and someone was going to build there). Two Trees is an experienced developer that brings a wealth of expertise in developing mixed-use projects, and a long-term commitment to the neighborhoods they go into. It is particularly encouraging news with respect to the landmark refinery building – CPCR never had a viable plan for this wonderful structure and clearly saw its preservation as an impediment rather than an opportunity. Two Trees’ track record with historic buildings – including the stunning renovation of the Wythe Hotel – hopefully means that the refinery will no longer be an afterthought.

But when all is said and done, the New Domino project will be judged on the promises made to the community by CPCR. There was never any question that someone would develop this property. The question, still unanswered, is whether anyone will live up to CPCR’s unsecured promises for massive amounts of affordable housing and other community benefits that too many in the community bought into.

Two Trees is not a developer of affordable housing1 – what does that mean in terms of the promises made to the community? Certainly Two Tree can partner with an experienced affordable housing developer – but how much housing will they build, and how affordable will it be?

1. But then again, neither is CPC – and its for-profit subsidiary, CPCR, never had the depth of experience needed for a project of this scope.