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February 22, 2011
Ratner’s First Residential Development 97% Leased
Amenities, Proximity to Barclays Arena Credited With Its Success
Brooklyn Daily Eagle
by Linda Collins
It's clear that the Eagle really can't get enough of Bruce Ratner.
The new 36-story rental building at 80 DeKalb Ave. in Fort Greene, Forest City Ratner’s first residential building in Brooklyn, is 97 percent leased.
“Only a few units are left,” MaryAnne Gilmartin, executive vice president of commercial development at Forest City Ratner Companies (FCRC), told attendees at the Brooklyn Real Estate Roundtable earlier this month.
And if you order by midnight tomorrow...
The building, situated between Hudson Avenue and Rockwell Place, “is a great building,” she added. Her reasons? It has great access, it’s beautiful inside and out, it’s near the Barclays Center arena, and it has great amenities like a washer and dryer in every unit.
NoLandGrab: Yes, surely the renters can't wait for the arena. Those always add value to a residential neighborhood.
Related coverage...
DNAinfo, Frank Gehry’s Skyscraper Has Rent-Stabilized Apartments
We're guessing that if you can pay $3,300 a month for a one-bedroom, rent-stabilization doesn't really matter.
Frank Gehry’s sparkling new luxury skyscraper on Spruce Street offers a surprising amenity: rent-stabilization.
Forest City Ratner, which developed the 76-story tower, received Liberty Bonds and city tax breaks for the project and in return has to keep all 903 apartments rent-stabilized for 20 years.
That doesn’t mean the apartments are cheap — the rents start at market rate, or $3,300 for a one-bedroom.
Posted by eric at February 22, 2011 10:51 PM