« Marty Markowitz on THE PEREZ NOTES Part 2. | Main | Guess what: Prokhorov's business associates buff boss to Daily News sports reporter; Russian author suggests "gambler" Prokhorov, even if part of an "arrangement," could shake things up »
December 18, 2011
New towers coming to Downtown Brooklyn would top Williamsburgh bank building and Brooklyner; WSJ forgets that Downtown Brooklyn rezoning was to geared toward offices
Atlantic Yards Report
In a 12/12/11 article headlined Developers Launch Battle Of Brooklyn, the Wall Street Journal reported:
The battle to build Brooklyn's tallest tower is about to begin with two developers planning to break ground next year on residential buildings that will loom nearly 100 feet over any of their predecessors.
At the beginning of next year, Stahl Real Estate, a company with 60-year roots in the borough, will break ground on a 590-foot tower at 388 Bridge St. That would make it the borough's new tallest tower.
But its reign could be short-lived. By late next year AvalonBay Communities Inc. plans to begin building its new Willoughby West project just down the street, which will rise 57 stories and 596 feet, adding 861 new rental units to the market.
The developments will continue a shift for brownstone-dotted Brooklyn, which has been seeing a steady growth in the number of luxury apartment towers. (Emphasis added)
...
Actually, as the Journal's map shows, the developments are located in rezoned Downtown Brooklyn, which is not "brownstone-dotted."
The newspaper pointed out that the towers are enabled by the 2004 Downtown Brooklyn rezoning, but not that the rezoning was mainly geared toward enabling new office towers (jobs), not new housing.
Posted by steve at December 18, 2011 7:59 PM