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Rezoned Williamsburg Attracts Development
Construction starts on the first
project to take advantage of last year's rezoning of the
Williamsburg-Greenpoint districts for residential development.
In New Jersey, a new tower on the Hudson tops out.
Williamsburg Takes Off
The first residential project under new zoning rules in the
Williamsburg and Greenpoint districts of Brooklyn broke ground
this summer.
The first phase of the mixed-use development at 164 Kent
Ave. in Williamsburg will consist of two buildings comprising
300 residential units, 113 of which will be reserved for families
of four earning $21,300 to $56,700, according to New York
City Mayor Michael Bloomberg's office.
One building, Palmer's Dock, serves as the affordable housing
component of the project. L&M Equity Participants of Larchmont,
N.Y., and Dunn Development, an affordable-housing developer
based in Brooklyn, are jointly developing the project using
$12 million worth of low-income housing credits provided by
the New York State Division of Housing and Community Renewal
and $6.5 million in credits from the New York City Department
of Housing Preservation and Development.
The affordable housing component is administered through
the city's inclusionary zoning program, which allows greater
building density to developers that reserve at least 20 percent
of units to lower-income tenants.
The six-story building designed by two New York-based architects,
FXFowle Architects and Curtis + Ginsberg Architects, will
include 125,000 sq. ft. for residential units, 18,000 sq.
ft. of retail space, and a landscaped roof. Kreisler Borg
Florman of Scarsdale, N.Y., is the construction manager on
the project.
The second building, Northside Piers, a market-rate tower
financed with $300 million from Citibank Community Development,
is being developed by a separate joint venture between L&M
Equity RD Management of New York and Toll Brothers of Horsham,
Pa.
Palmer's Dock and Northside Piers are the first of several
large residential projects in the rezoned area of northern
Brooklyn that are expected to add more than 10,000 units of
housing overall in the next few years.
Directly to the south, developer Louis Kestenbaum of Brooklyn
is about to break ground at the Cass Gilbert-designed 184
Kent Avenue, a warehouse that lost its landmark status in
a City Council vote this year. The project will add several
floors and convert the former industrial building into condominiums.
North of Palmer's Dock, Douglaston Development of New York
is expected to break ground on the Edge, a new three-block
complex of high-rise residential towers designed by Mexican-born
architect Enrique Norten.
110 Livingston Converts to Condos
The former Board of Education building in Brooklyn is being
reinvented as luxury condominiums that are slated to open
in March.
The building at 110 Livingston St., located at the nexus
of Brooklyn Heights, Cobble Hill, and Boerum Hill, was designed
by early 20th century New York architects McKim Mead and White
and became the home of the Board of Education in the 1930s.
Two Trees Management, a Brooklyn-based developer with various
buildings in the District Under Manhattan Bridge Overpass
neighborhood in its portfolio, purchased 110 Livingston for
$45 million three years ago after New York City Mayor Michael
Bloomberg moved school system administrators to the Tweed
Courthouse next to City Hall in Manhattan.
The project team, with New York's Beyer Blinder Belle and
Ismael Leyva Architects as designers, is adding four floors
and converting the building into 300 units starting at $370,000.
There are one, two, and three -bedroom layouts along with
several penthouses. Two Trees is acting as construction manager.
The units feature high-end appliances, bamboo floors, and
marble decks. Amenities include a fitness center, 24-hour
concierge, and landscaped courtyard.
New Middle School in Peekskill
Construction started this spring on a new middle school in
Peekskill, N.Y. The $42 million, four-story building designed
by Peter Gisolfi Associates of Hastings-on-Hudson, N.Y., will
serve 800 students.
The 140,000-sq.-ft. building will be subdivided into two
sets of classrooms and a third component that will contain
an auditorium, cafeteria, gym, and swimming pool. The project
also includes an outdoor playing field.
Andron Construction of Goldens Bridge, N.Y., is construction
manger on the project, slated for completion in fall 2007.
O'Dea, Lynch, Abbattista of Hawthorne, N.Y., is mechanical
engineer and New York's Anastos Engineering Associates is
structural engineer.
Manhattan-Style Tower in N.J.
A
new residential tower topped off this summer along New Jersey's
Hudson River-hugging "Gold Coast."
Developed by New York-based Tarragon Corp. and designed by
New York's Gruzen Samton, the 15-story brick and glass One
Hudson Park in Edgewater will feature 168 one- to three-bedroom
units, ranging from $400,000 to $2 million in price. It will
have an indoor pool, garage, fitness center, landscaped rooftop,
park with a pond, and concierge service. The apartments will
have balconies, some with views of Manhattan.
Tarragon refused to disclose the 439,000-sq.-ft. tower's
cost. Edgewater-based Daibes Construction, the construction
manager, is slated to finish the building next spring.
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