Towers

Three towers
Sunday, 28 June 2009
Northside Piers II is now almost 100% glassed in, while the Edge is about 85% closed up. Northside Piers continues to prove the adage "less is more" - it is the Gallant to the Edge's Goofus.
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A true 21st-century Williamsburg moment - a pug-toting Greenpoint blogger is roughed up on the Bedford Avenue L platform by a Hasidic cop.
The neighborhood has changed. And Diner? Not so much.
Even with all the great new restaurants, still one of the best meals in Williamsburg.
A little more than two weeks ago, the Brooklyn Paper reported that the North Brooklyn Community Board 1 unanimously recommended that Studio B's liquor license not be renewed.
Yeah, that was the final nail in the coffin.
So what exactly does the State Constitution say about a statewide recall vote?
On of the conditions raised by CB1's land use committee on the Broadway Triangle vote was over the issue of industrial retention and relocation. The City claims that there will be funds to relocate businesses within the Urban Renewal Area that are ousted (either through buyout or eminent domain). Based on our experience from the Greenpoint/Williamsburg Waterfront Rezoning, there needs to be more. The City should commit serious funds to relocate all businesses in the rezoning area, including those businesses that rent and those that own. Relocation should also be a condition of property acquisition - no acquisition until a suitable new site is located and the business successfully relocated.
Rob Solano, executive director of Churches United For Fair Housing, ... promised to bring a larger group of community members to the next community board meeting, on July 14.
That "near riot" at last month's CB1 meeting probably cost the Coalition a couple of votes at the ULURP committee last week. Maybe even the difference between a thumbs up and a thumbs down. Maybe its time for a change in tactics?

Three towers
Sunday, 28 June 2009
Northside Piers II is now almost 100% glassed in, while the Edge is about 85% closed up. Northside Piers continues to prove the adage "less is more" - it is the Gallant to the Edge's Goofus.
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Red states tend to have higher divorce rates, higher teenage birth rates and a higher percentage of people subscribing to online porn. Go figure.
Forgotten NY takes a look around North 4th and Driggs.

Grand Street, 26 June 2009
Photo: brooklyn11211
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I'm going off topic to highlight Greg Hanlon's Slate debut.
[via Short]
Aaron Short digs deeper, and the results aren't pretty.
So says Brooklyn Vegan. The commenters blame "whiny neighbors", but truth to be told, I've heard no whining since the place "reopened" in February. Is it possible the place just plain failed?
Given recent news, this is probably a good idea. Though it seems to me that developers need to get past the gimmicks and just start pricing their product for the 2009 market.
Depending on how you define "free", this gimmick is up to 7.5% off the price of a unit. That's a back of the envelope calculation based on this penthouse unit and the StreetEasy's mortgage calculator. If "free" doesn't include common charges, taxes, PMI and the like, the "discount" drops to around 5%.
If you're in the market for a fabulous three-bedroom waterfront penthouse, I'd suggest offering 10% or 20% below ask and foregoing the "free" year.

349 Metropolitan: Ugly and Foreclosed
Photo: Curbed
The Real Deal looks at the Williamsburg condo pipeline and doesn't like what it sees. 5,000 new units are expected to come on line this year and next, adding to what is already a pretty saturated market in the midst of an awful real estate slump.
This really shouldn't be a surprise - even in a market that's moving up, the potential inventory in Williamsburg and the rest of north Brooklyn is huge. Developers (and recent buyers) are on the wrong side of what always looked like to be pretty scary supply/demand curve. The only difference is that that curve is now marked with black diamonds.
Let's also acknowledge that there is a lot of crap on the market - and 349 Metropolitan (in the photo, above) is among the crappiest. Big ugly building, poorly constructed (judging from the stone panels that are already falling off the building) and in a pretty crappy location, even for the Northside. And the sales figures bear that out - as TRD reports, there has only been one recorded sale in the 40-unit project. (Back in February, Gowanus Lounge reported 21 units in contract, but that was before the whole project went belly up.)
Still, for quality construction in bona fide good locations, the hurt should be much less.
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A big increase in graduation rates at El Puente Academy, and more students going on to higher degrees.
The Brooklyn Paper nicely recaps the Broadway Triangle controversy and reports on Tuesday land use meeting. (HuffPo picked up the story.)
Aaron Short is first up with a recap of last night's CB1 Land Use Committee meeting on the Broadway Triangle rezoning.
The Committee's recommendation was to approve the various rezoning and disposition actions with a series of caveats (among them, significant funding for business relocation, maintaining or increasing the area's open space ratio, creating a transparent process for the disposition of city-owned property in the Triangle). The main discussion among Committee members was whether to approve with conditions or reject with the same conditions noted as objections. Interestingly, no one from the Coalition bothered to make a motion to reject the application outright. Nor was there a motion to go for the higher-density alternative, which is in scope.
As always, these votes are recommendations - the Board itself has the final say. On July 14.

CB1's land use committee will take up the Broadway Triangle rezoning tonight. For those who couldn't hear the City's proposal at the last Board meeting, you can see it here [warning: pdf].
And for those who are wondering what the Broadway Triangle Coalition (the opposition to the City's plan) would like to happen in the Triangle, you can see that here (click on "June 2- BTCC PLAN FOR THE BROADWAY TRIANGLE -PRESENTATION.PPS" to download a rather large PowerPoint presentation - as far as I know, there is no pdf available).
What: CB1 ULURP Committee meeting
Where: Swingin' Sixties Senior Center, 211 Ainslie Street (cor. Manhattan Ave.), Williamsburg
Date: 23 June 2009
Time: 6:30 (Broadway Triangle portion of the meeting won't start until 7:30 at the earliest)
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Via Curbed, news that Duane Reade will be bringing its instant blight to Williamsburg. At least King's lower their prices now.
Reading between the lines, I would say that Lost City is not a fan of the City's position on the Gowanus Canal's superfund status.
For those who might have missed the announcement, there are two meetings for property owners, business owners and other affected residents along the Gowanus. The meetings are on June 23 at 6 p.m. and June 24 at 6 p.m., and will be held at P.S. 32 at 317 Hoyt Street, near President.
New York magazine looks into that whole trust fund thing.
Buy a bottle of Vodka in Greenpoint and take your party home: Greenpoint has started to become a trendy scene. However if you just go into any alcohol store next to some place that sells great salami then they're liable to sell you great vodka. For cheap!! I'm talking great bottles for $15.
If the store next door is selling salami, you're in the wrong part of "Greenpoint". But to the larger point, yes, plenty of good Polish vodkas in Greepoint. Luksusowa makes a great potato vodka.

Block Building, Greenpoint
Photo: Brooklyn Chamber of Commerce
Finally, some love for North Brooklyn. Two local projects are being awarded Building Brooklyn Awards by the Brooklyn Chamber of Commerce this year. They include the Block Building in Greenpoint (above), which won the award for new industrial building, and 221 McKibbin Street (below), which won for historic preservation.
I'll admit to not knowing much about the Block Building (beginning with where it is in Greenpopint), but it's a nice looking building. The McKibbin Street project is one which I am familiar with (I worked on it) - it is the latest addition to the Greenpoint Manufacturing & Design Center's stable of affordable industrial properties, housed in a former ropeworks, portions of which date to the 1840s or so. I could go on (and on).

221 McKibbin Street
(formerly H. Lawrence & Sons Ropeworks and Columbia Products Corp.)
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